-Tehelka Here are the gaping holes in the argument for FDI in retail. No smooth talk can pave over it TOUTED AS a cure-all for India’s economic ills, Foreign Direct Investment (FDI) in multi-brand retail is at best an anodyne, and at worst, toxic. It is an attempt to lift markets by fabricating sentiment; signalling an economic turnaround without any concrete steps being taken to trim the fiscal deficit or boost manufacturing. All...
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Gloves off as House debates retail FDI
-The Hindustan Times The much-anticipated two-day debate on the government’s decision to allow FDI in multi-brand retail got off to a spirited start in the Lok Sabha on Tuesday, with both the Opposition and the Congress fiercely defending their stands. But, the Samajwadi Party (SP) and the Bahujan Samaj Party (BSP) had the government on tenterhooks a day ahead of the vote on a resolution opposing the FDI move. Even as...
More »India's GM Food Hypocrisy -Henry I Miller
-The Wall Street Journal While modern crop engineering faces endless red tape, more slipshod cross-breeding gets a free pass. India has enjoyed signal successes with genetic engineering in agriculture. But today the nation's relationship with this critical biotechnology is in total disarray, the victim of activists' scaremongering and government pandering. Delhi should know better. Following the adoption of the genetically improved varieties and intensive crop management practices of the Green Revolution, from 1960...
More »Plastic bags ban with stiff penalty from today
-PTI A blanket ban on manufacture, sale, storage and use of plastic bags with stiff penalty against violators including imprisonment up to five years will come into effect in New Delhi on Friday. The government has now imposed the ban as per provision of the Environment (Protection) Act, 1986, under which violators could face imprisonment up to five years and fine of up to Rs. 1 lakh or both. "The ban on plastic...
More »Greenhouse gas concentration reached record high in 2011, says UN report
-The United Nations The amount of greenhouse gases in the atmosphere reached a new record high in 2011, according to a new United Nations report released today, ahead of the start next week of the latest round of global climate changes talks. The UN World Meteorological Organization (WMO), which produced the 2011 Greenhouse Gas Bulletin, said that between 1990 and 2011, there was a 30 per cent increase in radiative forcing –...
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