An inter-ministerial panel will decide on the contentious issue of opening organised retail to foreign investment after examining stakeholder feedback to the discussion paper put out by the government. “A panel of six ministries was constituted on September 27, which will be chaired by Kewal Ram, senior economic advisor in the consumer affairs ministry,” a government official told ET. The committee will have representation from the department of industrial policy and promotion,...

“India is Shining” in many ways, but the major hiccups in the run up to the Commonwealth Games (CWG), which opened on October 3 in New Delhi, highlight India's serious problems. Despite the colourful display of India's arts and culture at the grand opening ceremony, the frantic last minute interventions —including enlisting the Army (who did a remarkable job) to help with the final preparations — reveal the gross inefficiencies...

As the common man continues to reel under the spiraling rise in prices of essential commodities especially key food items and vegetables the forever-rising food inflation is posing a serious challenge to policy makers. Though top government officials, including the Finance Minister and the Chairman of the Planning Commission have repeatedly assured that the food prices will soon stop rising, in reality it has gone the other way.   The rising spree...

With business leaders and the Australian Government finally acknowledging the need to put a price on carbon, climate change is back on the agenda here in Australia and it's also on the agenda this week internationally. Representatives from countries around the world, including Australia, are assembling in Tianjin, China, as part of a crucially important United Nations Climate Change Conference that starts today. After last year's Copenhagen talks nearly collapsed, the...

We have just celebrated yet another birth anniversary of the Father of the Nation Mahatma Gandhi. Mahatma had a vision for free India, which was to give the nation a people-friendly governance—'Ramrajya'. Unfortunately, 63 years after Independence, this dream of Mahatma Gandhi, remains just a dream and will probably continue so in future too. 'Ramrajya'  cannot be a reality because our country's leaders have too many vices and too few...