-PTI The Fema notification dealing with FDI in retail has to be passed by only one House of Parliament, parliamentary affairs minister Kamal Nath has claimed belying the opposition stand that the decision cannot be implemented if it falls in Rajya Sabha, where UPA lacks majority. "If one House has passed it, it passes. It does not need both Houses to pass it. That's what is prescribed in the rules," he told...
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Left, civil society slam cash transfer
-Deccan Herald Say it is a bid to lure voters, cut subsidies The Left and civil society are up in the arms against Aadhar-based direct cash transfer scheme, arguing that it was aimed at luring voters with an eye on the 2014 elections. A day after the announcement of the details, the CPM, civil society organisations including the one led by Aruna Roy and Medha Patkar and newly formed Aam Aadmi Party, all...
More »A BIT about Walmart-Prabhash Ranjan
-The Indian Express After the Centre had announced its intention to allow 51 per cent FDI in multibrand retail, Walmart said it would open stores in India in the next two years. However, without a bilateral investment treaty (BIT) between India and the US, Walmart’s investments in India are likely to be governed solely by domestic laws. If India and the US enter into a BIT, Walmart, reportedly being probed for...
More »Left Parties to Oppose FDI in Retail in Parliament
-Outlook The issue of FDI in retail is expected to generate a storm in the Winter Session of Parliament beginning next week, with the Left parties today announcing their decision to move motions entailing voting to oppose the government's proposal. At a time when BJP and several other parties have also opposed FDI in retail, the Left leaders said they have appealed to all parties to support the motions in both Houses...
More »Joseph E Stiglitz, Nobel laureate interviewed by Pranay Sharma
-Outlook Nobel laureate Joseph E. Stiglitz is one of the world’s leading economists. A former chief economist at the World Bank and currently University Professor at the Columbia Business School, he was recently in India to attend an international conference on development and to promote his new book, The Price of Inequality. He spoke to Pranay Sharma about growing inequality in the world and the challenges facing India. Excerpts: * Your coinage,...
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