-PTI Foreign direct investment in the retail sector is likely to create as many as 10 million jobs in a span of 10 years, making it the largest sector in organised employment, says a report. According to Indian Staffing Federation (ISF), an apex body of the flexi staffing industry in India, FDI in retail can create around 4 million direct jobs and almost 5 to 6 million indirect jobs including contractual employment...

-The Hindu Business Line A system that generates wealth and jobs for millions will be replaced by retail giants with the pricing power to squeeze farmers and consumers. The UPA Government announced its policy last week, of inviting big multinational retailers to come and take over the Indian market. Predictably, the pro-lobby that has worked behind the scenes has expressed delight. Oddly, the words and concerns of the masses who are about to...

-The Indian Express On FDI in retail, BJP and CPM positions range from inconsistent to obstructionist The responses of the major political formations to economic reform seem to be situational. They champion investments and market-friendly measures when they are in office. When in the opposition, they take to the streets to oppose it. Shaken and stirred by the big bang of Manmohanomics 2.0, the Left and the Right plan to launch protests...

-The Times of India  The political silence over yet another religious clash in Uttar Pradesh showcased the importance of Mulayam Singh Yadav in the current flux, with neither the right nor the Left wanting to annoy him. The killing of six Muslims in police firing following arson over desecration of the Quran wrecked the peace in industrial Ghaziabad. While the clash involved police and a violent mob, it was the sixth communal...

-IANS PATNA: Bihar chief minister Nitish Kumar on Monday said he was not in favour of allowing FDI in his state and added that farmers would not benefit at all from the UPA government's decision to open up the multi-brand retail market to FDI. Addressing a press conference here, the Bihar chief minister also said he had voiced his apprehension to the United Progressive Alliance (UPA) government in New Delhi about allowing...