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...
More »Wholesale sell-out by Sitaram Yechury
The current impasse in Parliament has created a logjam that threatens to disrupt the proceedings of the winter session. The latest reason that has brought the situation to such a pass is the decision of the Union cabinet to permit foreign direct investment (FDI) in the multi-brand retail sector, opening the way for international supermarket giants like Wal-Mart, Carrefour and Tesco to open their shops in India. While the Cabinet does...
More »A verdict, finally by Anupama Katakam
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 »‘Scarcity of land, water is a severe challenge'
—Xinhua Deepening degradation and scarcity of land and water resources pose a severe challenge to the world's capacity to meet human demands by 2050, U.N. Food and Agriculture Organisation (FAO) Director-General Jacques Diouf said on Monday. FAO report In the last 50 years, a significant increase in food production combined with demographic pressure and unsustainable agriculture practices have spoiled the land and water systems upon which food production depended, Diouf told a press...
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