-Reuters India opened its supermarket sector to foreign chains on Friday after months of dithering, pushing ahead with the boldest reforms yet in Prime Minister Manmohan Singh's government as it tries to revive the country's tottering economic growth. The government has decided to allow foreign airlines to buy stakes of up to 49 per cent in local carriers, heavy industries minister Praful Patel said on Friday, in a much-awaited policy move that...
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FDI: Government trying to get Mamata Banerjee's support
-The Economic Times The government has revived its efforts to get Trinamool Congress on board its plans to ease foreign investment rules for civil aviation and muti-brand retail. Civil aviation minister Ajit Singh is expected to discuss the issue of allowing foreign airlines to buy stake in Indian carriers with chief minister Mamata Banerjee on September 14. Government leaders had tried to work out a consensus on the two issues at the...
More »The Parthasarathi Shome Committee Report-Prabhat Patnaik
-Macroscan.com In his speech introducing the 2012-13 budget, the then Finance Minister Pranab Mukherjee had declared his intention to introduce a General Anti-Avoidance Rule (GAAR) to counter ''aggressive tax avoidance schemes''. What GAAR means is that even if a transaction appears to be legally valid, if it is entered into for the sole purpose of tax avoidance, then the Indian tax authorities can deny tax benefit to the concerned entity. GAAR...
More »‘FDI in retail sector will help farmers’
-The Hindu They will be able to secure a premium price for their produce, says Chief Minister Chief Minister N. Kiran Kumar Reddy on Wednesday said foreign direct investment (FDI) in the retail sector would help farmers secure a premium price notwithstanding the controversy surrounding the Central policy matter. Addressing a meeting after inaugurating a godown at the Agriculture Market Yard here, Mr. Kiran Kumar Reddy said an investment of Rs. 500 crore...
More »We should not forget that prices which consumers pay are not what farmers get
-The Times of India Union steel minister Beni Prasad Verma's claim, that he was happy with inflation as higher food prices have helped farmers, borders on the ludicrous. A few weeks back P Chidambaram also attracted flak when he said that consumers have to pay more for sugar, rice and wheat as procurement prices are raised to benefit farmers. Linkages between high food prices and farmers' welfare is dubious because there...
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