-First Post It is impossible to talk about Indian publishing without discussing Samir Jain, whose invisible hand guided The Times of India group to become India’s – and probably the world’s – most profitable media company. Despite its relatively small size in the global league (Rupert Murdoch’s NewsCorp is 20 times bigger in terms of revenues), Jain’s Bennett, Coleman & Co Ltd (BCCL) packs a huge punch and is Indian publishing’s...
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Govt audit blows lid off children's homes mafia-Ravikiran Deshmukh
-Mid Day 'Mafia' set up these establishments across the state to usurp government grants, reveals report submitted by state child rights commission; many of them were being run as hostels and coaching centre Corruption is now so rampant in every sphere in this country that it has become a child’s play for the perpetrators. MiD DAY has learnt that the Congress-led Democratic Front government is sitting on a sensational report submitted by...
More »No storage space for bumper stock in country's food bowl
-The Times of India CHANDIGARH/AMBALA/YAMUNANAGAR/KURUKSHETRA: Even as Punjab and Haryana governments are getting ready for procurement of paddy from October 1, the previously stocked wheat has not been cleared from mandis across the two states. The storage houses and government godowns are packed with previous year's produce, leaving no space for the fresh produce in the country's food bowl. Various food agencies have stocked 1.45 crore tonne wheat and paddy in...
More »Small is big in Asia’s booming retail sector -A Srivathsan
-The Hindu Organised retail involving FDI and international players can lead to a shrinking of traditional small merchant trade. That is bad news for political parties and governments. When discontent among traders brews, they act. A. Srivathsan looks at how Japan, Indonesia and Thailand responded, using zoning laws and size regulation as a control mechanism. Look East to find out what happens when foreign retailers set up shop. Asia’s recent economic history...
More »Let’s not overrate foreign investment -Pulapre Balakrishnan
-The Hindu The government’s claim that it will dampen inflation, bring higher prices for farmers and lower prices for customers may be somewhat exaggerated With the intention of signalling a strong commitment to reforms, the UPA government has announced a hike in the price of diesel and liberalisation of foreign direct investment (FDI) in multi-brand retail, justifying the measures as growth-enhancing and inflation-dampening. They have been termed bold by India’s corporate sector...
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