NEW DELHI, November 18 – BUSINESS STANDARD – The 19th summit of the Association of Southeast Nations (ASEAN) has begun in Bali with certain agendas to be discussed such as a solution to the protracted dispute in the South China Sea and reclusive Myanmar's chairmanship of the 10-member organisation in 2014. Although ASEAN'S rising economic importance is often acknowledged, it remains an organisation consisting of a disparate set of countries. While Singapore counts as one the most developed countries globally, other Asean members like Myanmar and Cambodia rank amongst the most impoverished. – BUSINESS STANDARD – India has been re-elected to the International Law Commission for a five year term beginning January 1, 2012. UN General Assembly re-elected India's Narinder Singh as a member of the Commission. ILC consists of 34 members who must be experts on international law. They are elected by the General Assembly from a list of candidates nominated by governments of member states in the UN. The other candidates elected from the Asia-Pacific Group come from Japan, China, Jordan, Korea, Indonesia, Qatar and Thailand. – LIVEMINT – Indian Prime Minister Manmohan Singh has gone on a four-day visit to Indonesia and Singapore with an aim to strengthen economic and political ties with East Asia against the backdrop of the emergence of an assertive China and the economic slowdown in the West. In Indonesia, Singh will attend the ninth India-Association of Southeast Asian Nations (ASEAN) Summit and East Asia Summit, focused on cementing trade and investment and regional connectivity. Russia and the US will formally join the East Asia Summit—seen as a forum for dialogue among Asean and Australia, China, India, Japan, South Korea and New Zealand. – FINANCIAL EXPRESS – The long-awaited proposal to allow 51 per cent foreign direct investment in multi-brand retail is likely to be taken up by the cabinet next week. Sources said the finance ministry has given the go-ahead to the cabinet note circulated by the Department of Industrial Policy and Promotion (DIPP). Currently, 51 per cent FDI is allowed in single-brand retail with prior government approval, while no FDI is allowed in multi-brand retail. But, according to the cabinet note, the proposal is to allow 51 per cent FDI (foreign direct investment) in multi-brand and 100 per cent in single-brand retail. The note has also proposed that 30 per cent of procurement should be from small industries, and the government should have the first right of procurement for agri-products. Retail stores would be allowed to open in cities with populations of 10 lakh or more as per the 2011 census.
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Priyesh Narain
Researcher
สำหรับรายละเอียดของข่าวข้างต้น โปรดติดต่ิอนาย Priyesh Narain ที่ This email address is being protected from spambots. You need JavaScript enabled to view it.