-The Times of India A delegation of farmers from north India met commerce industry and textiles minister Anand Sharma on Saturday and backed the government's move to allow 51% foreign direct investment in the multi-brand retail sector. The farmers said the policy removes middleman and will bring better prices for the farmer's products. They said a progressive move that is expected to benefit the farm economy should be supported. "As far as FDI...
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World on brink of another economic meltdown and recession: UN
-PTI The United Nations has warned that the world is on the brink of another recession, projecting that global economic growth will slow down further in 2012 and even emerging powerhouses like India and China, which led the recovery last time, will get bogged down. The UN 'World Economic Situation and Prospects 2012' report has cut the global growth forecast for next year to 2.6 per cent from 4 per cent in...
More »FDI protest: Traders' shutdown complete in many states
-The Times of India Traders across the country have downed their shutters to join the protest against government's decision to allow foreign direct investment (FDI) in retail. The impact of the strike has been visible in several cities. In some cities, shopkeepers took out marches demanding a rollback of the government move. In Maharashtra, around 35 lakh small and medium traders have kept their shops shut in response to the bandh. "We have received...
More »FDI protest: 35L traders down shutters in Maharashtra, response muted in Bihar
-The Times of India Shops and commercial establishments in many cities across the country have downed their shutters to protest government's decision to allow foreign direct investment (FDI) in retail. However, the impact of the strike is varied from state to state. In Maharashtra, round 35 lakh small and medium traders have kept their shops shut in response to the bandh. "We have received good response for the bandh in Mumbai and Navi Mumbai...
More »Centre makes fresh bid to woo states on retail FDI by Sidhartha
The commerce & industry ministry has decided to make fresh efforts to get state governments on board on the issue of allowing foreign direct investment ( FDI) in retail trading. In addition, commerce & industry minister Anand Sharma is also expected to meet trade and farmer bodies over the next few days in a bid to garner their support for the controversial move. Officials said industry secretary P K Chaudhery is...
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