Manmohan Singh today refused to yield to pressure on the question of allowing foreign direct investment in retail and appeared ready for a protracted battle, including the risk of a vote in Parliament despite his government’s fragile majority. Somewhat reminiscent of his nuclear deal stand, the Prime Minister confronted those who had accused the government of taking a hasty decision on retail. “We have not taken this decision in haste, but after...
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Indian PM Manmohan Singh defends retail reform
-BBC India's PM Manmohan Singh has defended the decision to open up the retail market to global supermarket chains, saying it will be good for both "farmers and the common man". Mr Singh was reacting to opposition demands to reverse the decision to allow 51% foreign ownership of multi-brand retail stores. Opposition politicians say the move will damage India's small retailers. Parliament has been in uproar and was forced to adjourn again on Wednesday. 'Better...
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The first judgment in a 2002 riots case and the SIT report on the Ishrat Jahan killing go against the Gujarat government. THE verdict in a crucial and long-running case involving a massacre and the investigation report in another case, of alleged encounter killings, both delivered in November, give hope to victims of the 2002 pogrom in Gujarat that they will get justice, even if delayed. In the first case, the special...
More »Muddling through retail reform by Ajay Dua
In opening up the retail trade to foreign equity last week, the Union government demonstrated uncharacteristic courage and conviction. While this policy measure might help dispel doubts about its ability to take decisions, it has raised a political dust-storm more intense and widespread than it had probably bargained for. No doubt, taking a view on the issue of liberalising FDI norms for multi-brand retail had been on the government’s agenda for...
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-The Economic Times The Supreme Court has asked courts to send accused persons to jail only after conviction. In a landmark judgement on bail, which will have a major impact on the several thousands of undertrials languishing in various jails, the Supreme Court on Monday said denial of bail to an accused for an indefinite period impinged on the Fundamental Right to life and personal liberty. "The courts owe more than verbal...
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