-The Hindu Parliament logjam continues The government and the Opposition hardened their stance on Foreign Direct Investment (FDI) in the multi-brand retail sector, as Parliament remained disrupted for the third day on Tuesday on the issue. A meeting convened by Leader of the House and Finance Minister Pranab Mukherjee to reach out to the Opposition on the issue, 90 minutes before Parliament began its session, proved nothing more than a ritual. The entire Opposition...
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It will adversely affect 1.5 crore small retailers, says AIDWA
-The Hindu The All-India Democratic Women's Association (AIDWA) has strongly opposed the decision of the Congress-led government to throw open the Indian retail market to Foreign Direct Investment (FDI) to the tune of 51 per cent in the multi-brand retail sector. “This will have a very serious and adverse impact on around 1.5 crore small retailers in our country. The livelihood of more than 4 crore self-employed people is being placed at...
More »Retail FDI confronts twin hurdles by R Suryamurthy
Global retail chains looking to set up shop in India may face several challenges such as delay in the implementation of goods and services tax and restrictions imposed by the Agricultural Produce Marketing Committee (APMC) Act, besides political opposition. These hurdles can be roadblocks in providing real benefits to farmers and consumers as intended by the government in opening the multi-brand retail sector to foreign direct Investment. “GST (goods and services tax)...
More »Misplaced obsession
-The Hindu In a show of audacity, the United Progressive Alliance government has decided to further open up the retail trade sector to foreign Investment. Foreign investors will be permitted to enter the hitherto prohibited multi-brand retail segment and hold equity of up to 51 per cent in the units established. That there is widespread political opposition to this change in policy was known for long. Hence, the move is nothing...
More »Panel on health coverage addresses World Bank concerns by Aarti Dhar
The High Level Expert Group on Universal Health Coverage for India on Sunday held a brainstorming session here to address concerns raised by the World Bank over some of the recommendations in its report for the 12th Five Year Plan. Among the issues raised were marginalisation of the private sector and the “elimination of intermediation by insurance companies.” The expert group, which will revert to the Planning Commission on Monday with...
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