The government is likely to recalibrate its retail foreign investment strategy, while simultaneously trying to bridge the political divide with allies and states. Government sources said with neither the opposition nor the allies, Trinamool and DMK, objecting to 100 per cent FDI in single-brand retail approved by the cabinet, the commerce and industry ministry would work on a notification to operationalise the decision. “Our understanding is we can work on rules for...

Prakash Karat today came close to thanking Mamata Banerjee, not for defeating the Buddhadeb Bhattacharjee government but for thwarting the Manmohan Singh government. “Will be very happy if she hijacks our issue,” the CPM general secretary said in reply to a question whether Mamata had snatched the Left’s plank on foreign direct investment in retail. After the pat — presumably in jest — came the prod. “I think Trinamul should not be...

-IANS The deadlock in Parliament over the government's decision to allow foreign direct investment (FDI) in retail ended on Wednesday after an all-party meeting passed a resolution to suspend the move till a consensus was reached. Both houses of Parliament functioned normally and took the crucial Question Hour for the first time since the winter session began on November 22. Finance minister Pranab Mukherjee who chaired the meeting made a brief statement in...

The FDI in retail debate has apparently fully traversed the realm of reason and for it seems to have degenerated into name-calling. I had intimation of this when a diplomat who meets me from time to time asked me if I was being put up, for a price, by Indian corporate interests to stymie the entry of the big western firms like Wal-Mart and Carrefour? I can well imagine the...

-PTI   Punjab Pradesh Congress Committee President Amarinder Singh on Sunday said that Foreign Direct Investment in retail would boost agricultural-based economy of the state.  "Organised multi-brand retail stores are in the interest of both the producers as well as the retailers and consumers," he said.  He pointed out if the farmers have the option of selling directly to retailers, the produce will reach the consumers at a lesser price.  While potatoes sell at an...