The Youth Congress has a question: why can some company not buy the potatoes that Punjab’s farmers are throwing on the streets and sell them in Kerala where the crop’s price is as high as Rs 18 a kg? The answer, for the outfit being groomed under the guidance of Rahul Gandhi, is foreign direct Investment (FDI) in retail. That’s the message from the monthly Youth Congress newsletter, which has now been...
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FDI policy: Indian consumers should have more choice by Nirmalya Kumar
Most developing countries have a love hate relationship to foreign Investment. They love the jobs that it creates, the technology that it accompanies, the additional choices that it provides, and the local millionaires/billionaires it creates through creative phased restrictions. On the other hand, since many developing countries have a colonial heritage, and cash is concentrated amongst developed world MNCs, the host are wary of it. The more nationalistic elements within a country...
More »$128 billion siphoned out in a decade by Subodh Varma
-The Times of India Even as the country continues to witness a campaign for a strong anti-corruption watchdog, a report has calculated that between $104 billion and $128 billion (roughly Rs 5 to 6 lakh crore) was illegally siphoned out of India in the decade spanning 2000 to 2009. This works out to an average outflow of about $10-13 billion (Rs 48,000 to Rs 63,000 crore) every year. The report has been prepared...
More »Central fund to buy equity in Dalit firms likely
-The Times of India Dalit Venture Capital Fund is the next big idea as the Centre looks to roll out 'procurement quota' in government purchases from small and medium enterprises (SMEs). The Fund would seek to buy equity in Dalit companies to provide capital support as Investment. The Centre is mulling creation of a special purpose vehicle or a capital support system to help develop entrepreneurs among scheduled castes and tribes. The...
More »Medicines for all
-The Hindu Achieving universal health coverage through an equitable system is among the key goals of India's 12th Plan. Within the overall objective of creating an entitlement-based health care system, one of the challenges is access to medicines. The High Level Expert Group instituted by the Planning Commission on Universal Health Coverage underscores serious policy distortions and inefficiencies that stand in the way of making essential medicines accessible to all. A...
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