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Parekh, Ganguly ask India Inc to back govt’s FDI in retail move

-The Times of India   HDFC chairman Deepak Parekh and Member of Parliament Ashok Ganguly have appealed to Corporate India to come out strongly in support of a besieged government, which is overwhelmed by opposition to its proposal to open up foreign investment in retail.   The two senior business leaders are part of a group of 14 eminent citizens who came together to raise the issue of policy paralysis and later on the...

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Youth in Asia Pacific face serious employment issues by Meena Menon

Mismatch between potential and experience confounds many a job-seeker, say managers   Mun Ching Yap had gone as a journalist to an airline company to interview its executive official, but her excitement, passion and ability to learn earned her a job as the head of the company's strategic planning department. Ms. Mun, now a columnist and entrepreneur from Malaysia, was 28 years old then. “In Malaysia, the median age of the population is 27,...

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Half of HIV patients in Asia live in India by Aarti Dhar

The prevalence is 18 per cent in South India, says UNAIDS report India houses half of Asia's HIV patients and is way ahead of China in disease burden. It also finds a place in the list of 22 countries prioritised for preventing mother to child transmission infection, according to the latest UNAIDS report, drafted jointly with the United Nations Children's Fund (UNICEF) and the World Health Organisation (WHO). About 48 lakh people...

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Muddling through retail reform by Ajay Dua

In opening up the retail trade to foreign equity last week, the Union government demonstrated uncharacteristic courage and conviction. While this policy measure might help dispel doubts about its ability to take decisions, it has raised a political dust-storm more intense and widespread than it had probably bargained for. No doubt, taking a view on the issue of liberalising FDI norms for multi-brand retail had been on the government’s agenda for...

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Who is afraid of FDI in retail?

-The Times of India   Given the debate that's raging over opening the retail sector to foreign direct investment, we bring you the government's view, the opposition's objections and TOI's take on the issue. Government argument * Huge investments in the retail sector will see gainful employment opportunities in agro-processing, sorting, marketing, logistics management and front-end retail. * At least 10 million jobs will be created in the next three years in the retail sector. *...

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