-CNN-IBN "Many said that Kentucky (KFC) will drive the dhabas out of the market. The dhabas have driven out Kentucky. The Indian sherbet is still there despite Coca Cola and Pepsi. Don't underestimate India." That was former NDA finance minister Jaswant Singh in 2004 when he supported FDI in retail. "Fifty per cent of our population, comprising of small traders, street-vendors and the self-employed, sustain themselves through retail businesses. The UPA government...
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CM invites anti-dam activists
-The Telegraph Dispur today said it was open to hold discussions with the anti-dam activists, a section of whom began a fresh agitation in Lakhimpur town this morning when a vehicle carrying machinery for the Subansiri hydel power project tried to proceed towards the project site in Dhemaji. Protests began when a truck carrying a “big machine” for the project left Thelamara in Sonitpur district yesterday morning and reached Lakhimpur town around...
More »Centre slams disgruntled states on FDI retail issue
-The Economic Times The Centre came down heavily on states that are opposing foreign investment in multibrand retail for not making their point when the policy was being formulated and said those opposed had the powers to stop companies from opening stores in their boundaries. Some state governments, including Tamil Nadu and Uttar Pradesh, have opposed the government's proposal to allow 51% foreign direct investment in multi-brand retail and blasted the Centre...
More »FDI protest: Traders' shutdown complete in many states
-The Times of India Traders across the country have downed their shutters to join the protest against government's decision to allow foreign direct investment (FDI) in retail. The impact of the strike has been visible in several cities. In some cities, shopkeepers took out marches demanding a rollback of the government move. In Maharashtra, around 35 lakh small and medium traders have kept their shops shut in response to the bandh. "We have received...
More »Do we need a retail regulator? by Suparna Karmakar
Has India done a China to its trade partners? Against huge opposition and popular discontent over the years, the Cabinet last week cleared 51 per cent foreign direct investment (FDI) in multi-brand retail and allowed 100 per cent FDI in single-brand retail. The move appears crafty in that it tries to change the perception of a reform impasse in the government while simultaneously aiding India’s negotiators to meet their peers...
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