Anand Sharma rules out loss of jobs or displacement of small vendors A re-orientation of the policy framework was the need of the hour and enhanced foreign direct investment (FDI) in multi-brand retail would transform the rural economy and generate massive employment and opportunities for both rural and urban youth. This was stated by Union Commerce and Industry Minister Anand Sharma here on Wednesday. This was his first comments to a discussion...

The recent spike in world food prices has further widened the gap between the developed and the developing economies. While, over 70 per cent of the world's population resides in poor countries, it has access to less than 40 per cent of the world's resources such as water, irrigated land, power, etc. This is a result of inconsistent economic progress (post-colonialisation birth pangs), rampant population growth and distractions such as...

No one will deny that the least a democratic government can do for its people in a civilised society is to ensure access to food at a reasonable price. Ensuring food security is, therefore, a fundamental responsibility of the state. However, it is not clear if enacting a Food Security Bill is the best way to go about it. India has become a democracy of laws. On paper, every citizen...

The official line is simple. Since we cannot afford to feed all the hungry, there must only be as many hungry as we can afford to feed. There was irony in the timing of the petrol price decontrol order. The decision, which also covered major hikes in diesel and kerosene prices, and affects hundreds of millions of people, came even as Manmohan Singh advised world leaders in Toronto on the need...

The government plans to expand the basket of subsidised food items supplied to the poor by adding edible oil, sugar and pulses to wheat and rice provided currently, as it looks to ensure complete nutrition to the deprived. The proposal is expected to be discussed at the July 24 meeting of National Development Council, a body of state chief ministers chaired by the Prime Minister. The idea was mooted by...