-The Economic Times India's consumer prices climbed 10.56 per cent in December from a year earlier. This will hold the RBI's rate-cutting hand and prove politically painful for the government. The increase in the Consumer Price Index (CPI), over three percentage points more than the increase in the Wholesale Price Index (WPI) number, is due to a spurt in prices in the food and beverage category - mainly vegetables, oils and fat,...
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From farm gate to your plate -Gaurav Vivek Bhatnagar
-The Hindu The retail vegetable sellers have now started quoting the prices of almost all items in pao or 250 grammes. The concept of darjan or dozen has almost been replaced by the kilogramme for the humblest of fruits like bananas and oranges. But this means little to the common household which now literally thinks twice before buying any grocery item. A common refrain heard often from politicians is that prices are...
More »Delhi may become first state to have Walmart store
-PTI Delhi may soon become the first city in the country to have global retail chains like Walmart and Tesco, with the city government all set bring a bill in the Winter session of assembly beginning on Tuesday to remove hurdles in ensuring "effective" implementation of Foreign Direct Investment (FDI) in multi-brand retail. The city government will bring an amendment to the Agricultural Produce Marketing Committee (APMC) Act for facilitating direct purchase...
More »Untenable critiques sowing confusion on supposed ill-effects of retail FDI-Jagdish Bhagwati & Rajeev Kohli
-The Economic Times Retail sector liberalisation has been revived and included in Prime Minister Manmohan Singh's package of big-bang reforms announced recently. This was to be expected as an element of the package since the influential minister Jairam Ramesh, who has access to Sonia Gandhi and is identified with her NGO-dominated set of advisers whose knowledge of economics is outweighed by their enthusiasm, had already announced his conversion to retail sector...
More »FDI in retail must be measured by benefits for consumer & economy, not just for farmers
-The Economic Times The recent decision of the government to allow FDI in multi-brand retail trade has attracted heated debate and emotive reactions. Though the main consideration for allowing FDI in retail is not its benefit for farm sector, the debate has predominantly focused on threats and benefits to the country's farmers and the farm sector. Interestingly, the main stakeholders, i.e., farmers, have not reacted much to the policy decision and...
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