Indian suppliers must be units with investment up to Rs 1.25 cr, says draft before cabinet. Multinational Retailers such as Walmart, Tesco and Carrefour looking to open stores in the country may have to source almost a third of their merchandise from small Indian manufacturers as the government tries to make the opening of multi-brand retail to foreign players more politically palatable. The draft cabinet note for permitting 51 per cent foreign...
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Cabinet may consider proposal to allow 51% FDI in multi-brand retail
-The Economic Times The cabinet will shortly consider a proposal to allow 51% foreign direct investment (FDI) in multi-brand retail, as the government finally musters the will to implement the controversial policy measure that has been stalled for years. The commerce and industry ministry has prepared a note for the cabinet to allow 51% FDI in multi-brand retail and increase the limit on single-brand retail to 100% from the current 51%....
More »India to be ranked 3rd largest Internet market after China and the US by Harsimran Julka
By the end of this year, one in every 10 Indians will be an Internet user, making the country the third-largest Internet market in the world after Chinaand the United States. At the end of December, 121 million Indians will be accessing the Internet at least once a week to check emails, chat or log on to a social network, a survey has found. India is adding Internet users at the...
More »Tobacco companies continue to violate ban on plastic pouches by Bindu Shajan Perappadan
Government agencies not taking action against defaulters: study More than five months after the ban on use of plastic pouches for sale of tobacco products came into effect on March 1 this year, small and big manufacturers of pan masala and chewing tobacco are still violating the rule openly, a recent survey by Voluntary Health Association of India and eight other partners has found. The study conducted in Uttar Pradesh, Rajasthan, Bihar,...
More »Media pressure may help speed up food security moves by S Viswanathan
More than two years have passed and there seems to be no progress worth speaking about in making the promised law that will guarantee food for the people. The promise came from the UPA-2 as part of its election manifesto in 2009. It was a time of recovery from a time of economic troubles. The impact of the global economic slowdown came on top of the agrarian crisis and the...
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