-The Telegraph Two prominent leaders of India Inc have slammed the way Parliament has virtually been locked down by “misconceived and unfortunate” protests against foreign investment in retail — a decision they termed “an essential part of India’s growth story”. The concerns and an appeal to farmers, consumers and common people have been flagged in an open letter by Ashok Ganguly and Deepak Parekh. Ganguly, a Rajya Sabha MP, is a former...
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Unparliamentary flip flops mar FDI debate
-CNN-IBN "Many said that Kentucky (KFC) will drive the dhabas out of the market. The dhabas have driven out Kentucky. The Indian sherbet is still there despite Coca Cola and Pepsi. Don't underestimate India." That was former NDA finance minister Jaswant Singh in 2004 when he supported FDI in retail. "Fifty per cent of our population, comprising of small traders, street-vendors and the self-employed, sustain themselves through retail businesses. The UPA government...
More »Electoral politics obstructing FDI in retail: Pranab
-CNN-IBN Finance Minister Pranab Mukherjee on Friday claimed that foreign direct investment (FDI) in retail sector will significantly reduce post harvest losses and targeted the Opposition parties for obstructing the implementation of the FDI policy. "Narrow political considerations are coming in the way of decisions like FDI in retail," said Pranab Mukherjee while addressing the Hindustan Times Leadership Summit in New Delhi. Reiterating that the Government will ultimately be able to persuade everyone...
More »Plan to take politics out of panchayats by Pranesh Sarkar
The mamata banerjee government is planning to take politics — or at least political symbols — out of panchayats, the foundation on which the Left built the edifice that remained impregnable for 34 years. “We would like to have non-political rural bodies as it would uproot petty politics that often halts development projects in rural areas. If things go as planned, the required amendments in the act would come into force...
More »No rollback on FDI, but no rollout soon
-The Times of India UPA partners Trinamool Congress and DMK rejected Prime Minister Manmohan Singh's appeal to drop their opposition to FDI in retail on Thursday, enhancing the possibility that the government may have to announce that it will not roll out the decision. Although a formal notification to make the Cabinet decision operational has already been put off, the unrelenting opposition from Trinamool and DMK may force the government to put...
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