In opening up the retail trade to foreign equity last week, the Union government demonstrated uncharacteristic courage and conviction. While this policy measure might help dispel doubts about its ability to take decisions, it has raised a political dust-storm more intense and widespread than it had probably bargained for. No doubt, taking a view on the issue of liberalising FDI norms for multi-brand retail had been on the government’s agenda for...
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Who is afraid of FDI in retail?
-The Times of India Given the debate that's raging over opening the retail sector to foreign direct investment, we bring you the government's view, the opposition's objections and TOI's take on the issue. Government argument * Huge investments in the retail sector will see gainful employment opportunities in agro-processing, sorting, marketing, logistics management and front-end retail. * At least 10 million jobs will be created in the next three years in the retail sector. *...
More »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 »Court orders FIR against Bedi for misuse of funds by Jayant Sriram
A delhi court on Saturday ordered registration of an FIR against Team Anna member Kiran Bedi for allegedly misappropriating funds meant for her NGOs, India Vision Foundation and Navjyoti Foundation. Additional Chief Metropolitan Magistrate Amit Bansal ordered the FIR on the basis of a complaint filed by a Delhi-based lawyer, Devinder Singh Chauhan, alleging that Bedi had “looted” various paramilitary forces and state police organisations through a scheme called “Meri Police”...
More »The most precious of all freedoms by AP Shah
Indian courts have consistently upheld and championed the fundamental right to free speech and expression enshrined in the Constitution. This includes the right to put forward different and contrary views, right or wrong. A recent instance saw the Supreme Court of India striking down Uttar Pradesh's ban on the film Aarakshan. This article by A.P. Shah, retired Chief Justice of the Madras and Delhi High Courts, sets out key issues...
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