Foreign direct investment in education has been stuttering in India more than a decade after it was allowed, apparently because education is a not-for-profit sector where surplus revenue has to be ploughed back into expanding the institution. India’s education sector has witnessed significant expansion since the government approved FDI in April 2000, thus providing a huge opportunity for investment. Yet FDI remained zero in the first three years, increased till 2008-09...
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FDI in Retail: Misplaced Expectations and Half-truths by Sukhpal Singh
The central government claims that allowing foreign direct investment into India’s retail sector will benefit small farmers, expand employment and lower food inflation. What has been the experience in India with organised retail so far and what has been the global experience with FDI? Sukhpal Singh (sukhpal@iegindia.org) is currently at the Institute of Economic Growth, Delhi. After being under relentless attack for a week, the United Progressiv Alliance government was forced to...
More »One killed, 20 injured in clash at Posco site by Debabrata Mohanty
A 30-year-old labourer was killed and more than 20 were injured on Wednesday when villagers protesting the Posco steel project clashed with a group of labourers hired by a contractor near the Posco project area of Jagatsinghpur district. The clash occurred near Bosecalis Point at 1.30 pm when anti-Posco villagers came face-to-face with 60-70 labourers of Paradip Paribahan, a private firm that is constructing a 12-km coastal road to link Paradip...
More »Now, a green cess on petrol, cars? by Mahendra Kumar Singh
Buying and running cars and two-wheelers could soon become a costly affair with a Planning Commission working group suggesting a green surcharge of Rs 2 on every litre of petrol, a green cess of 3% of the annual insured value of all private vehicles and a steep urban transport tax to be collected at the time of purchase of private vehicles. The panel, headed by Delhi Metro chief E Sreedharan, has...
More »India lost the plot at Durban
-The Hindu In any reasonable reckoning, the outcome of the 17th meeting of the Committee of Parties (COP) of the United Framework Convention on Climate Change at Durban was a triumph for European climate diplomacy, placing it firmly once again in the position of a global climate leader. In the run-up to Durban, Europe had offered to support a second commitment period for the Kyoto Protocol in exchange for a “road...
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