-Economic and Political Weekly The recent debate on the acceptability of foreign direct investment in the retail sector in India has been mostly political. It is necessary to look into the pros and cons of FDI in retail from a purely economic point of view. This article identifi es the safeguards that should be undertaken before allowing giant multinationals to function in the country. Abhirup Sarkar (abhirup@isical.ac.in) is with the Indian Statistical...

-Outlook Koraput (Odisha): Inquiry conducted by the administration has shown serious irregularities in implementing MGNREGA at Lamtapur block in Odisha's Koraput district, officials said today. Projects worth several lakhs of rupees have been started at various panchayats of the block under the MGNREGA without any work order being issued. "It was found during inquiry that without any work order and funds several works have been executed at the block under the MGNREGA. Work...

-Frontline The Congress-led UPA seems to be betting heavily on the cash transfer scheme as a means to return to power in the next general elections. DECEMBER 2012 may go down in history as the month when the Congress party created its own “India Shining” moment: the moment when it started believing its own hype, and even deluded itself into thinking that its perception was so widely shared that it could provide...

-PTI The retail sector, where the government permitted foreign direct investment in multi-brand, courted controversies during the year with several opposition parties making it a political issue in Parliament. Even before its entry into multi-brand retail, the global chain Wal-Mart was grappling with various issues, including spending money in the US on lobbying for entry into India. Adding action to the drama was Swedish furniture chain IKEA's hectic bargaining with the government over...

-PTI Police fired teargas shells and used water cannons as several hundreds of young students on Saturday marched towards Rashtrapati Bhavan for the second day demanding justice for the 23-year-old gan grape victim. A boy and a girl and a traffic policeman were injured as the police directed water jets and opened a volley of teargas shells that pushed them back a little even as some of the protesters braved the chill...