Indian suppliers must be units with investment up to Rs 1.25 cr, says draft before cabinet. Multinational retailers such as Walmart, Tesco and Carrefour looking to open stores in the country may have to source almost a third of their merchandise from small Indian manufacturers as the government tries to make the opening of multi-brand retail to foreign players more politically palatable. The draft cabinet note for permitting 51 per cent foreign...
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Cabinet may consider proposal to allow 51% FDI in multi-brand retail
-The Economic Times The cabinet will shortly consider a proposal to allow 51% foreign direct investment (FDI) in multi-brand retail, as the government finally musters the will to implement the controversial policy measure that has been stalled for years. The commerce and industry ministry has prepared a note for the cabinet to allow 51% FDI in multi-brand retail and increase the limit on single-brand retail to 100% from the current 51%....
More »Pension Bill will harm lakhs of employees: CPI(M)
-The Hindu Reiterating its opposition to the Pension Fund Regulatory & Development Authority Bill, the Communist Party of India (Marxist) on Thursday said it should not be passed by Parliament. In a statement, the party Polit Bureau said the Bill would deprive lakhs of government employees, both at the Central and State levels, of their right to get an assured rate of pension at the time of retirement, which they had been...
More »Nod for 26% FDI in pension funds by Remya Nair
The govt has thus rejected the recommendation of the parliamentary standing committee on finance that the 26% FDI cap be a part of the Bill The cabinet on Wednesday cleared amendments to the Pension Fund Regulatory and Development Authority Bill, 2011, capping the overseas investment limit in the sector at 26%, but retaining the flexibility to raise this limit by stating that it would not form a part of the legislation. The...
More »Can the Planning Commission be reinvented? by Sanjeeb Mukherjee, Indivjal Dhasmana & Vrishti Beniwal
Caught in the middle of a maelstrom of controversies, the Planning Commission has been accused of being disconnected from ground realities. Its 12th Plan hopes to fix that. A short while ago, the Congress general secretary and scion of the Nehru-Gandhi dynasty, Rahul Gandhi, remarked that members of the Planning Commission are not in touch with the ground realities in India. He could have been somewhat influenced by his father, former...
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