-CNN-IBN Finance Minister Pranab Mukherjee on Friday claimed that foreign direct investment (FDI) in retail sector will significantly reduce post harvest losses and targeted the Opposition parties for obstructing the implementation of the FDI policy.   "Narrow political considerations are coming in the way of decisions like FDI in retail," said Pranab Mukherjee while addressing the Hindustan Times Leadership Summit in New Delhi. Reiterating that the Government will ultimately be able to persuade everyone...

-The Hindu   In a bid to break the impasse over foreign direct investment (FDI) in multi-brand retail, the government made a vain attempt on Wednesday night to persuade the Opposition to tone down the wording of its motion. But it was told in categorical terms that the demand for a rollback of the decision was non-negotiable. The Opposition stance was conveyed by the Working President of the National Democratic Alliance (NDA) and...

Farmers, a holy-cow constituency considered more valuable than small traders to the political class, have begun to ask uncomfortable questions to those opposing foreign direct investment (FDI) in retail. Several farmer groups, some of them led by politicians with ties to the Congress, have asked why some parties are standing in the way of a measure that is expected to reduce the clout of middlemen and increase farm earnings. Although Prime Minister...

Chief minister Nitish Kumar’s ambitious new effort on land survey and consolidation could become another perilous flirtation with the hornet’s nest. Days after its unveiling at the presentation of the first annual report card of Nitish’s second term, a top minister in his cabinet sounded both alarm and caution on the land survey proposal. “Land, as the chief minister himself knows, is an extremely sensitive and volatile issue,” he told The...

Finance Minister Pranab Mukherjee may be right in pushing for FDI in retail because reports have been pouring in, indicating that the economic downturn in India and abroad will worsen in coming weeks. 'I want money,' an agitated Finance Minister Pranab Mukherjee reportedly told the Cabinet on Thursday, November 24, when coerced by colleagues from his Congress party for pushing 51 per cent Foreign Direct Investment in retail. The FDI issue is...