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 »Things, not people by Prabhat Patnaik
The basic problem with the Approach Paper, as with its predecessor, is that its theoretical paradigm is wrong. WHAT used to be said of the Bourbon kings of France applies equally to the Indian Planning Commission: “They learn nothing and they forget nothing.” The Approach Paper to the Twelfth Five-Year Plan gives one a sense of déjà vu. It is hardly any different from the Approach Paper to the previous Plan...
More »Subsidising through prices: A bad idea by Bibek Debroy
The acronym LPG has several expansions. It stands for liquefied petroleum gas. It stands for liberalisation, privatisation and globalisation, a term of abuse used by those with Leftwing persuasions. It stands for life plundered by the government, sentiments associated with those who are against state intervention, but increasingly felt by the so-called middle class - however defined - because of price hikes, and proposed price hikes, for petroleum products. Ostensibly, price...
More »Tobacco companies continue to violate ban on plastic pouches by Bindu Shajan Perappadan
Government agencies not taking action against defaulters: study More than five months after the ban on use of plastic pouches for sale of tobacco products came into effect on March 1 this year, small and big manufacturers of pan masala and chewing tobacco are still violating the rule openly, a recent survey by Voluntary Health Association of India and eight other partners has found. The study conducted in Uttar Pradesh, Rajasthan, Bihar,...
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