Foreign retailers may have to reserve at least half of their jobs in superstores for rural youth and source more than the mandated 30% from micro and small industries as the government tries to salvage the big ticket but controversial economic reform. An official said the government is likely to have a relook at a proposal that seeks to reserve at least 50% of jobs in foreign-owned superstores for those who...
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FDI in retail: Row over FDI in retail escalates as state governments and UPA allies join opposition
-The Economic Times The row over opening up of the retail sector escalated on Monday with Congress' Kerala unit backing the rollback demand of 12 Opposition-controlled state governments and UPA allies DMK and Trinamool Congress. The fissures within the ruling alliance and the potential of the issue to bring disparate Opposition groups together saw Congress president Sonia Gandhi intervening to cut political losses for her party. Sonia, who held consultations with Prime...
More »What’s Wrong and Right with Microfinance by David Hulme and Thankom Arun
Recent events in south Asia have led to an unexpected reversal in the narrative of microfinance, long presented as a development success. Despite charges of poor treatment of clients, exaggeration of the impact on the poorest as well as the risks of credit bubbles, the sector can play a non-negligible role in reaching financial services to low-income households. In regulating the sector, there is need for caution in setting interest...
More »Cap & trade, Nrega style by Subhomoy Bhattacharjee
Good sections of rural India don’t want NREGA any more, showing the government spending pattern on the scheme. Since a large percentage of the village labourers have moved to the cities, it makes far better sense to develop an unemployment dole for them. The subtext is an accounting arrangement that ensures that like NREGA, the government can keep on rolling out similar entitlement programmes like the proposed Food Security Act, but...
More »World Livestock Report Packs Many Surprises
We see malnutrition as a burden on our conscience, and on our exchequer. We also know it is a daunting task to get rid of child malnutrition. But do we know about the economic benefits on the other side? A new FAO report tells us that India can increase its national income by a massive US$ 28 billion by eliminating child malnutrition. Now that is serious economic gain so read...
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