What is common between Brazil, Russia, India and China? That’s easy. They are the so-called BRIC countries. But, what is common between these BRIC countries and other emerging economies such as Indonesia, Argentina and South Africa? The answer: inequality. This disconcerting connect between these emerging economies is the focus of a report released last week by the Organization for Economic Cooperation and Development (OECD), the think tank for the club of...
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FDI in retail—UPA ‘retired hurt’ by P Sainath
Here's the wonderful thing about the FDI-in-retail debate: never have struggling Indian farmers found so many champions. They've been crawling out of the woodwork. Foreign direct investment in retail may be on hold, but Hillary Clinton can stop worrying about Anand Sharma and Pranab Mukherjee. “How does (Commerce Minister) Sharma view India's current Foreign Direct Investment guidelines? Which sectors does he plan to open further? Why is he reluctant to open multi-brand...
More »Much at stake for tech sector in UID project by Pranav Nambiar
With the Parliamentary Standing Committee on Finance raising a red flag against the National Identification Authority of India (NIAI) Bill to grant the UID (or Aadhar) project legal status, the project looks set for a slowdown . That could have broad implications for the tech sector that had laid substantial hope on it, especially when global markets are slowing down. The UID project is estimated to offer IT companies a Rs...
More »2G scam: Government rejects all allegations against P Chidambaram
-PTI Coming out in strong defence of Home Minister P Chidambaram, Kapil Sibal today attacked the BJP-led NDA of attempting to "foist" culpability on him in the 2 G scam saying it was a desperate attempt to make Parliamentary democracy dysfunctional. Sibal held a press conference to say that the government rejected all allegations against Chidambaram, Finance Minister at the time of spectrum allocation, and alleged that elements in the NDA were...
More »FDI in retail BJP's baby, we are trying to nurse it: Pranab
-The Times of India Taking a swipe at the BJP for not backing FDI in retail, Finance minister Pranab Mukherjee on Thursday said the government was only trying to nurse the main opposition party's "baby" when it took the decision to allow FDI in retail. Replying to a debate in the Rajya Sabha on price rise, Mukherjee read from a 2004 interview of leader of opposition Arun Jaitley in which the senior...
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