-Frontine Walmart’s disclosure that it spent huge amounts of money on lobbying in India and the allegation that it entered the retail sector through indirect means highlight the power of global capital in dictating the country’s policies. The world’s largest multi-brand retailer Walmart’s disclosure to the United States Senate that it had spent $25 million (Rs.135 crore) since 2008 on its various lobbying activities, which include enhancing access to the Indian...
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Understanding FDI in Retail: What Can Economic Principles Teach Us? -Abhirup Sarkar
-Economic and Political Weekly The recent debate on the acceptability of foreign direct investment in the retail sector in India has been mostly political. It is necessary to look into the pros and cons of FDI in retail from a purely economic point of view. This article identifi es the safeguards that should be undertaken before allowing giant multinationals to function in the country. Abhirup Sarkar (abhirup@isical.ac.in) is with the Indian Statistical...
More »A law and its losers -TK Rajalakshmi
-Frontline The Land Acquisition, Resettlement and Rehabilitation Bill is an attempt to circumvent the hurdles before acquisition, such as rehabilitation of land losers, without much increasing the cost of land. THE preamble to the draft Land Acquisition, Resettlement and Rehabilitation (LARR) Bill is very noble; it talks about a “humane, informed, consultative and transparent process for land acquisition for industrialisation, development of essential infrastructural facilities and urbanisation with the least disturbance...
More »How We Saved Agriculture, Fed the World and Ended Rural Poverty: Looking Back from 2050 -Duncan Green
-Oxfam Blog As Oxfam’s two week online debate on the future of agriculture gets under way, John Ambler of Oxfam America imagines how it could all turn out right in the end. It is now 2050. Globally, we are 9 billion strong. Only 20% of us are directly involved in agriculture, and poor country economies have diversified. Yet we all have enough food. Technological innovation has played its part, but increased production...
More »Mines of concern -S Dorairaj
-Frontline Farmers protest against the Central clearance for coal bed methane exploration in Mannargudi, Tamil Nadu, as they fear it will devastate agriculture in Tiruvarur and Thanjavur districts. THE woes of the delta farmers of Tamil Nadu are far from over. While the Cauvery tangle continues unresolved, they fear the proposed multi-crore project for commercial exploration and exploitation of coal bed methane (CBM) in the Mannargudi block of Tiruvarur district will prove...
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