-The Guardian Allowing foreign chains such as Tesco to open in India will drive up unEmployment and exploit small producers India's ruling coalition has been rocked after its second-largest partner withdrew this week. The latest round of political instability comes about because prime minister Manmohan Singh announced a number of economic measures without consulting his allies. The announcements – that diesel prices were to be raised, and that India's retail and domestic...
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Coalgate figures may not be accurate, hints Chief Justice of India SH Kapadia -Dhananjay Mahapatra
-The Times of India Chief Justice of India (CJI) S H Kapadia on Saturday joined the debate on the CAG's estimate of "windfall gains" for private players in the coal block allocation scam, suggesting such assessments may not be accurate. "People should be educated on economics as well to understand that these irregularities should be understood from the point of loss, which was a matter of fact, and not from profit angle,...
More »FDI in Retail Not a Threat to Kirana Shops: Montek
-Outlook Allying fears that opening up of the retail sector for FDI will hurt small kirana shops, Plan Panel Deputy Chairman Montek Singh Ahluwalia today said modern retail is an expanding segment and it would more than double in a very short time. "I don't think FDI in retail is threat to small retailers. Modern retail is the expanding segment. Those who say that the small sector would be hurt, I think...
More »A risky strategy, born of panic -Siddharth Varadarajan
-The Hindu Building ‘capitalism with Indian characteristics’ means decisions cannot ignore concerns of voters and communities As the economy slows down and the rupee wilts, Manmohan Singh has bitten the ‘reforms’ bullet with both eyes on the credit rating agencies whose negative reports have done much to dampen the ‘animal spirits’ of investors, foreign and native. Last November, when the Congress party made a push to introduce foreign direct investment in multi-brand retail,...
More »Paddy production cost in AP higher than government minimum support price: RBI study
-PTI MUMBAI: The cost of production of paddy in Andhra Pradesh was higher than the minimum support price (MSP) of Rs 1,080 per quintal in the last year mainly because of higher expenditure on wages, says the latest study undertaken by the RBI's research wing. Andhra Pradesh is one of the leading producing states in the country. The study, conducted by the Development Research Group (DRG) of RBI, also said the Commission for...
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