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...

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...

Remember the over 100 farmhouse plots allotted in Noida measuring at least 10,000 sq m each without an auction or a draw of lots, including two to Supreme Court advocate Shanti Bhushan and his son Jayant Bhushan? An audit has now found that not only was there no transparency in the allotment of these plots — 101 in all — but that the Noida Authority had fixed a very low rate,...

Some Dalit businessmen plan to launch a Rs 500 crore venture capital fund — India’s first community-focused fund. The Central government’s new procurement policy will open business opportunities worth Rs 7,000 crore for Dalit and s (ST) entrepreneurs. These entrepreneurs are now gearing up to tap this opportunity by launching their own venture capital fund and increasing their production capacities. The proposed Rs 500 crore venture capital fund will be the country’s...

-IANS   Concerned over the poor 11 percent fund utilisation of the Rahul Gandhi-driven Bundelkhand package worth Rs.7,000 crore, the central government will review its performance Monday.   Following Congress general secretary Rahul Gandhi's intervention, the central government had sanctioned Rs.7,000 crore package two years ago for development of the backward Bundelkhand region, spread across Uttar Pradesh and Madhya Pradesh.   Even as politics hots up in the run up to the Uttar Pradesh assembly elections...