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...

What lies behind Agriculture Minister Sharad Pawar’s note to the prime minister asking for a suspension of the Mahatma Gandhi National Rural Employment Guarantee Act (NREGA, for short) for three months a year? The obvious reason is that the big farmers’ lobby he represents is unhappy that NREGA has raised wages in rural areas and labour cannot be enticed to work for less. Under NREGA, labourers get paid at least Rs...

What is common between Brazil, Russia, India and China? That’s easy. They are the so-called BRIC countries. But, what is common between these BRIC countries and other emerging economies such as Indonesia, Argentina and South Africa? The answer: inequality. This disconcerting connect between these emerging economies is the focus of a report released last week by the Organization for Economic Cooperation and Development (OECD), the think tank for the club of...

-The Hindu   Kapil Sibal, Union Minister for Communications and Information Technology, has set off a firestorm of protest by demanding that ‘internet intermediaries' — specifically in this round, four social networking giants, Google, Yahoo, Facebook, and Microsoft, which enable hundreds of millions of individual users to publish and share on the worldwide web — remove inflammatory content as well as other text and images that might “offend Indian sensibilities.” As in...

The annual report of the International Institute for Labour Studies projects a grim future for employment prospects. WITH the United States and much of Europe GRAPpling with the slowdown in their economies and the resultant social unrest, the publication of the World of Work Report 2011: Making Markets Work for Jobs could not have come at a more opportune moment. Brought out by the International Institute for Labour Studies, which was...