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FDI in retail must be measured by benefits for consumer & economy, not just for farmers

-The Economic Times The recent decision of the government to allow FDI in multi-brand retail trade has attracted heated debate and emotive reactions. Though the main consideration for allowing FDI in retail is not its benefit for farm sector, the debate has predominantly focused on threats and benefits to the country's farmers and the farm sector. Interestingly, the main stakeholders, i.e., farmers, have not reacted much to the policy decision and...

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Cabinet to consider FDI in pension, insurance

-PTI In another round of big-ticket reforms, the Union Cabinet will consider on Thursday raising the FDI cap in insurance sector to 49% and opening the pension sector to foreign investment besides creation of a National Investment Board. The Cabinet will also consider a number of other crucial measures like giving more powers to commodity market regulator FMC, Competition Bill to bring all sectors under Companies Act, and model tripartite agreement for operationalising...

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No storage space for bumper stock in country's food bowl

-The Times of India CHANDIGARH/AMBALA/YAMUNANAGAR/KURUKSHETRA: Even as Punjab and Haryana governments are getting ready for procurement of paddy from October 1, the previously stocked wheat has not been cleared from mandis across the two states. The storage houses and government godowns are packed with previous year's produce, leaving no space for the fresh produce in the country's food bowl. Various food agencies have stocked 1.45 crore tonne wheat and paddy in...

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In Defence of Public Education-Manabi Majumdar and Kumar Rana

-Economic and Political weekly Drawing on the research on basic education in West Bengal, this essay argues the case for a much criticised public education system, which needs to be reconsidered as regards its potential as a provider of quality education, even while addressing its many failings. The essay follows an approach, both critical and constructive, that underlines the collective onus of the public in realising the value of the public...

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Flunking Atomic Audits-MV Ramana

-Economic and Political Weekly The recent Comptroller and Auditor General's report on the Atomic Energy Regulatory Board and, more broadly, on nuclear safety regulation has highlighted many serious organisational and operational flaws. The report follows on a series of earlier CAG reports that documented cost and time overruns and poor performance at a number of nuclear facilities in the country. On the whole, the CAG reports offer a powerful indictment of...

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