-The Telegraph Two prominent leaders of India Inc have slammed the way Parliament has virtually been locked down by “misconceived and unfortunate” protests against foreign investment in retail — a decision they termed “an essential part of India’s growth story”. The concerns and an appeal to farmers, consumers and common people have been flagged in an open letter by Ashok Ganguly and Deepak Parekh. Ganguly, a Rajya Sabha MP, is a former...
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Parekh, Ganguly ask India Inc to back govt’s FDI in retail move
-The Times of India HDFC chairman Deepak Parekh and Member of Parliament Ashok Ganguly have appealed to Corporate India to come out strongly in support of a besieged government, which is overwhelmed by opposition to its proposal to open up foreign investment in retail. The two senior business leaders are part of a group of 14 eminent citizens who came together to raise the issue of policy paralysis and later on the...
More »FDI row: India Inc's overseas retail biz on high FDI by Pradeep Thakur
While the government may be finding it difficult to get its FDI in multi-brand retail pass the test of Parliament, India Inc has been pledging huge investments in wholesale and retail trade abroad, including in countries like the US and the UK. In the 2010-11 fiscal, investments of Indian companies in wholesale and retail trade overseas went up 78% as compared to the previous year - up from $1,052 million in...
More »Aruna Roy’s NCPRI slams exclusion of lower bureaucracy from Lokpal by Himanshi Dhawan
Aruna Roy-led National Campaign for People's Right to Information (NCPRI) has criticized the exclusion of lower bureaucracy from the draft Lokpal bill terming it as a loss for the common man. It has also demanded that the CBI should be brought out of the administrative control of the government for it to be effective in tackling corruption. The activists have echoed concerns already raised by Team Anna which has demanded...
More »Lokpal Bill: Sparks fly at anti-graft debate
-The Times of India Even as tension mounts in Delhi over an impending face-off between the Centre and members of India Aganist Corruption on the anti-graft bill, the heat spilled over to Kolkata on Saturday evening. Sparks flew at the Calcutta Club National Debate presented by The Times of India in association with Ambuja Realty, as Team Anna members Arvind Kejriwal and Kiran Bedi sparred with Union law minister Salman Khurshid over...
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