By all indications, FDI in multi-brand retail is a fait accompli. Or so we have been told time and again by everyone, the PM downward. The “question is at what point of time it should be done”. This remark from Pranab Mukherjee in a post-budget TV interview may have revealed that the debate has moved beyond whether to permit FDI in multi-brand retailing—the lifeline of small- and medium-sized neighbourhood stores....
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Tackling the blight of misgovernance by Minhaz Merchant
Global business abhors uncertainty. The ministerial-level corruption in UPA-II has slowed FDI and FII inflows. The stock market, despite double-digit corporate profit and 8.6% GDP growth, reflects the anxiety of Indian and foreign investors. To take India's growth story forward in the 20th year of economic reforms, political reforms must catch up. Misgovernance won't do in a globalised, interconnected world. Two kinds of political corruption blight India: episodical and ongoing. Episodical...
More »Centre to ask bureaucrats to reveal property details by Iftikhar Gilani
Meeting of Secretaries convened for 8 March; data on 1,000 officers already in Union Cabinet Secretary K M Chandrasekhar is calling a meeting of union secretaries here on 8 March to convey to them a government decision making it mandatory for bureaucrats to put details of the moveable and immoveable property they own on a government website. Prime Minister Manmohan Singh has been pushing for this as part of a promised clean-up...
More »BKU drops Delhi siege plan after Manmohan's assurance by Gargi Parsai
On the eve of a massive agitation by Tikait Singh-led Bhartiya Kisan Union, Prime Minister Manmohan Singh met representatives of the Union and assured them that “farmers interests will be fully protected at all times.” The Prime Minister told the delegation that he would convene a joint meeting with Finance Minister Pranab Mukherjee and Agriculture Minister Sharad Pawar to have an in-depth discussion on the various issues raised by the BKU...
More »Not smart enough? by Swati Narayan
Smart card technology can be used to streamline India's unwieldy PDS. But it is yet to prove itself under real world challenges. Smart cards have become the latest buzzword to remedy India's public distribution system (PDS) — one of the largest food grain delivery networks in the world with more than 500,000 ‘ration' shops. Electronic voting machines have streamlined Indian elections. Credit cards, which can be swiped for payment at any...
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