-The Times of India   A delegation of farmers from north India met commerce industry and textiles minister Anand Sharma on Saturday and backed the government's move to allow 51% Foreign Direct investment in the multi-brand retail sector. The farmers said the policy removes middleman and will bring better prices for the farmer's products. They said a progressive move that is expected to benefit the farm economy should be supported. "As far as FDI...

Foreign retailers may have to reserve at least half of their jobs in superstores for rural youth and source more than the mandated 30% from micro and small industries as the government tries to salvage the big ticket but controversial economic reform.  An official said the government is likely to have a relook at a proposal that seeks to reserve at least 50% of jobs in foreign-owned superstores for those who...

-CNN-IBN Finance Minister Pranab Mukherjee on Friday claimed that Foreign Direct investment (FDI) in retail sector will significantly reduce post harvest losses and targeted the Opposition parties for obstructing the implementation of the FDI policy.   "Narrow political considerations are coming in the way of decisions like FDI in retail," said Pranab Mukherjee while addressing the Hindustan Times Leadership Summit in New Delhi. Reiterating that the Government will ultimately be able to persuade everyone...

-The Economic Times   The Centre came down heavily on states that are opposing foreign investment in multibrand retail for not making their point when the policy was being formulated and said those opposed had the powers to stop companies from opening stores in their boundaries.  Some state governments, including Tamil Nadu and Uttar Pradesh, have opposed the government's proposal to allow 51% Foreign Direct investment in multi-brand retail and blasted the Centre...

Has India done a China to its trade partners? Against huge opposition and popular discontent over the years, the Cabinet last week cleared 51 per cent Foreign Direct investment (FDI) in multi-brand retail and allowed 100 per cent FDI in single-brand retail. The move appears crafty in that it tries to change the perception of a reform impasse in the government while simultaneously aiding India’s negotiators to meet their peers...