-The Times of India A day after US President Barack Obama's call for lifting of foreign investment curbs by India, the government on Monday shot back asking Washington not to meddle with the country's internal affairs and suggested that the world's largest economy should lead the fight against protectionism. The statement came amid protests from the Opposition, which asked the government not succumb to US pressure. "He (Obama) has every right to...
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AG justifies Presidential Reference-J Venkatesan
-The Hindu ‘Law declared insofar as spectrum cannot be extended to other natural resources’ The far-reaching nature of implementing the 2G judgment insofar as it was extended to auctioning of all natural resources (other than spectrum) would have a huge impact on Foreign Direct investment and other investments in this country, argued Attorney General G.E. Vahanvati in the Supreme Court on Thursday. Justifying the Presidential Reference and the need for an advisory opinion...
More »FDI in multibrand retail will not further reform agenda-Manoj Pant
-The Economic Times The crisis of the euro, a current account deficit of over 4%, double-digit inflation, corruption in governance and a failing political system. It would not be unfair to say that these factors have combined in varying degrees at different times to lead to the conclusion that the globally-acclaimed India growth story seems to be heading for an unhappy ending. Many have labelled this - unfairly, I think - as...
More »PIL against Bharti Walmart, Delhi high court seeks response
-The Times of India The Delhi high court on Wednesday sought replies from the Centre, Bharti Walmart Private Limited and Bharti Retail Limited on a plea for a probe against the firms for allegedly carrying out retail trading in multi-brand sector in violation of India's FDI policy. A bench of acting Chief Justice AK Sikri and Justice Anil Kumar issued notices to the Centre and the firms on a PIL filed by...
More »PIL against Walmart for reaching end customers via Bharti Retail
-The Economic Times A social activist has filed a case in the Delhi High Court alleging that the US-based Walmart is carrying retailing to the end consumer through Bharti Retail, a Bharti Enterprises group company. The high court has sent notices to Bharti Walmart, Bharti Retail as well as the central government, seeking their replies on the petition filed by environmental activist Vandana Shiva. Bharti Walmart is a 50:50 wholesale retail joint...
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