-Outlook India Inc is yet to take an active part in conserving biodiversity of the country even though it is engaged in climate change programme, said Braulio F de Souza Dias, the executive secretary, Convention on Biodiversity, Canada. He hoped that the Conference of the Parties (COP 11) to the Convention on Biodiversity (CBD), scheduled to take place here between October 1 and 19, will help create more awareness among Indian corporate...
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Retail firms with FDI can’t sell online
-The Indian Express DIPP officials cite regulatory issues, problems in checking inter-state transactions in e-commerce activities The new rules that allow foreign retail chains to pick up to 51% stake in Indian supermarkets will not apply to e-commerce companies in the business-to-consumer (B2C) space. This means while the US-based retail firm Walmart can pick up a 51% stake in Bharti Retail, the JV firm cannot sell its products online through that entity....
More »India's 7,730 super rich collectively own $925 bn: report
-PTI However, in the corresponding period last year there were as many as 8,215 with a total wealth of $980 bn India is home to as many as 7,730 ultra high net worth (UHNW) individuals whose combined wealth amounts to a whopping $925 billion, says a study. According to the world ultra wealth report 2012-13, by Wealth X, a global wealth intelligence and prospecting company, India has 7,730 UHNW individuals, of which...
More »FDI in retail: Where states stand
-The Times of India The government has allowed foreign investment in a host of sectors including multi-brand retail and civil aviation. The UPA government can expect a roaring reception from the financial markets following the decision. It can also prove to be a mood-enhancer for the Congress-led government as it heads into state polls in Himachal Pradesh and Gujarat. Here is how heads of various states responded to the government's decision: Will rollout Haryana...
More »Developing a land acquisition policy for India-Dilip Mookherjee and Maitreesh Ghatak
-Live Mint The current policy on compensating landowners could adversely affect character of India’s future growth The Parliament is currently considering a land acquisition, rehabilitation and resettlement Bill (LARR Bill), as are various state legislatures. These are likely to affect the pace and character of future growth in India in a significant way. Setting up new industries, service establishments and real estate development will inevitably require land to be acquired from rural areas....
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