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...

With deep pockets and international sourcing capabilities, global retail chains will outcompete domestic players, displace jobs, and undermine livelihoods. In predictable fashion, the Manmohan Singh government chose to ignore voices of opposition and implement its agenda of permitting foreign investment in the retail trade. While Parliament was in session, the Cabinet met to approve the hitherto prohibited foreign direct investment in multi-brand retail, with a cap of 51 per cent on...

-The Times of India   Given the debate that's raging over opening the retail sector to foreign direct investment, we bring you the government's view, the opposition's objections and TOI's take on the issue. Government argument * Huge investments in the retail sector will see gainful Employment opportunities in agro-processing, sorting, marketing, logistics management and front-end retail. * At least 10 million jobs will be created in the next three years in the retail sector. *...

-The Hindu   The Rajasthan Cabinet on Monday put its seal of approval on a controversial decision to give khatedari rights to over 30,000 farmers occupying the custodian land in Alwar, Bharatpur, Hanumangarh and Sriganganagar districts, vacated mostly be those driven out of the State during the Partition, by paying a nominal regularisation fee. The farmers, whose ancestors were allotted the custodian land, were earlier required to pay 25 per cent of the...

-The Indian Express While the BJP and the Left have been objecting to allowing FDI in retail, ally DMK’s stand could spell trouble for the government. However, there’s some relief in sight with Trinamool Congress chief Mamata Banerjee hinting that she is open to discussions on the issue. A few hours before the Union Cabinet cleared FDI in retail, Banerjee indicated that her party was open to discussions on the matter, without...