The Youth Congress has a question: why can some company not buy the potatoes that Punjab’s farmers are throwing on the streets and sell them in Kerala where the crop’s price is as high as Rs 18 a kg? The answer, for the outfit being groomed under the guidance of Rahul Gandhi, is foreign direct investment (FDI) in retail. That’s the message from the monthly Youth Congress newsletter, which has now been...
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Fall in greens' prices hits farmers
-The Times of India Even though the residents of Guwahati have to buy their greens at exorbitant rates, farmers in the countryside are living in dire straits as the price at which they sell the vegetables have touched rock bottom. Last week, farmers in Barpeta, one of the vegetable-producing districts of the state, had to jettison cartloads of cucumbers on the street when the price of the produce touched 60 paise per...
More »Traders' concern by TK Rajalakshmi
Indian traders reject FDI in multi-brand retail and emphasise the need for a policy to regulate the labour-intensive sector. TRADERS across the country responded angrily to the Union Cabinet's decision to allow 51 per cent foreign direct investment (FDI) in multi-brand retail trade, disproving the arguments of the United Progressive Alliance (UPA) government and the assessment of corporate India, which had tried hard to make it appear that traders and...
More »Producers' plight by Ajoy Ashirwad Mahaprashastha & Venkitesh Ramakrishnan
In U.P., where 70 per cent of the people depend on agriculture, FDI in retail does not produce any cheer. ON a misty Monday morning in early December in Muradnagar, a small town in western Uttar Pradesh, numerous tractors and trucks, loaded with jaggery and driven by farmers themselves, lined up in front of the smallest grain mandi (market) of the region. With unusual patience, the drivers waited for their...
More »FDI in retail—UPA ‘retired hurt’ by P Sainath
Here's the wonderful thing about the FDI-in-retail debate: never have struggling Indian farmers found so many champions. They've been crawling out of the woodwork. Foreign direct investment in retail may be on hold, but Hillary Clinton can stop worrying about Anand Sharma and Pranab Mukherjee. “How does (Commerce Minister) Sharma view India's current Foreign Direct Investment guidelines? Which sectors does he plan to open further? Why is he reluctant to open multi-brand...
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