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...

Some of the developing world's biggest greenhouse gas emitters are bidding to delay talks on a new climate agreement. To the anger of small islands and other vulnerable countries, India and Brazil are joining rich nations such as the US and Japan in wanting to start talks on a legal deal no earlier than 2015. The EU and climate-vulnerable blocs want to start as soon as possible, and have the deal finalised...

-The Hindustan Times   After losing the first week of the winter session in Parliament to disruption, the government is bracing for more opposition salvo next week as the Left parties and the BJP are mulling adjournment motions on Monday against the Union Cabinet's decision to allow 51% FDI in multi-brand retail. On Friday, the two Houses could only condemn the attack on agriculture minister Sharad Pawar. Trinamool Congress, key ally of...

This is a saga of how the Hindu outfit saw the promise in Anna and pursued him for its gains. How often do we meet strangers on a flight and realise that it could possibly be the beginning of a lasting friendship? This is how yoga teacher Ramdev and super cop Kiran Bedi met in mid 2010 when both of them were on the same flight and Ramdev spotted her. Although fate...

The audience, organisers, and fightersknow that sham wrestling is not to betaken seriously. But the World Economic Forum takes itself seriously. The comforting thing about the sham wrestling ‘championships' on television is that everybody knows they are a farce. Steroid-stuffed Cro-Magnons stomp the living daylights out of painkiller-primed Neanderthals. Good, unclean fun. The results are safely predictable. You should expect the 600-pound gorilla to overwhelm the 900-pound one in a staggering...