Indian traders reject FDI in multi-brand retail and emphasise the need for a policy to regulate the labour-intensive sector. TRADERS across the country responded angrily to the Union Cabinet's decision to allow 51 per cent foreign direct investment (FDI) in multi-brand retail trade, disproving the arguments of the United Progressive Alliance (UPA) government and the assessment of corporate India, which had tried hard to make it appear that traders and...

-The United Nations   Corruption caused by weak governance is leading to unequal land distribution and poor resource management, according to a United Nations report released today, which argues that this lack of transparency is undermining social stability, investment and growth in developing countries. Weak land governance occurs as a result of low levels of transparency, accountability and the rule of law, the report says, which strains “the rules, processes and institutions that...

-The Economic Times   The Durban meet on climate change seems to work out fine for India. The conference has decided on a roadmap to curb emissions of greenhouse-causing gases by both developing and advanced economies; the actual accord is to be firmed up by 2015 and take effect in 2020. The rich, industrialised economies now need to walk the talk and take concrete action to significantly curb their carbon emissions. And...

Notwithstanding Rahul Gandhi's reported assurances to the AIMPLB to keep madrassasoutside the purview of the RTE Act, there is an urgent need to formalise madrassa education. Almost 90% of underprivileged Muslim children attend madrassas. However, devoid of a modern curriculum, madrassas are unable to equip these students for the contemporary job market. This in turn limits their economic opportunities. By bringing madrassas under the provisions of the RTE Act, the Islamic seminaries...

-IANS The government is considering creating a corpus fund of Rs.1,000 crore ($18.7 million) in the current fiscal that would encourage banks to give housing loans in 'significant volumes' to the urban poor, Prime Minister Manmohan Singh said Tuesday. Addressing a conference on the Jawaharlal Nehru National Urban Renewal Mission (JNNURM) here, Manmohan Singh said the corpus of Rs.1,000 would be set aside to create a credit risk guarantee fund that could...