NEW DELHI, December 2 – BUSINESS STANDARD – Even a week after the Cabinet approved the proposal to open multi-brand retail for foreign direct investment (FDI), the minutes of the meeting have not reached the department of industrial policy and promotion (DIPP). As per the officials they are preparing implementation guidelines on retail FDI, but these could not be issued unless minutes of the Cabinet meeting came to DIPP. Due to ongoing session of Parliament which is on till December 23 the implementation guidelines have to wait as political opposition to the government move intensifies. – BUSINESS STANDARD – After the US, its northern neighbour has come out in open support of India’s move to open its retail sector to foreign direct investment (FDI). Canada says experience shows the move will facilitate prompt and proper marketing and fetch farmers’ good price for their produce. Canada is home to big retail chains that include Metro Inc (the third largest grocer in Canada), Loblaw Companies Ltd, Shoppers Drug Mart Corp and Canadian Tire Corporation Ltd, Alimentation Couche-Tard Inc, Empire Company Ltd and the Katz Group Inc. According to Sara Wilshaw, Minister Trade, High Commission of Canada in India, there were instances in India as well where farmers have got assured returns when they have entered into contract farming for big retailers. In India itself, Mccain Food Ltd changed the lives of almost 4,000 farmers in Gujarat when it entered into an agreement for contract farming with them, she recalled. – BUSINESS STANDARD – Addressing the global agri-business and food processing summit 2011, organised by the Karnataka government, India’s top most farm research body Indian Council of Agricultural Research (ICAR), Director General, S Ayyappan said that success in agriculture forms the basis of success in hi-tech software, IT and biotechnology, while cautioning that 50 years from now nobody in the world will give rice and wheat. – FINANCIAL EXPRESS – Yesterday in India, people from all across the country showed their agitation and protest against the Government’s decision of allowing Foreign Direct Investment (FDI) in Retail sector by keeping the shops shut down for the whole day, emphasizing the policy’s fatal effect on millions of traders and small shopkeepers once multinational companies have given green signal to enter India. In some part of the country people even protested by organising marches and burnt effigies of the politicians. – FINANCIAL EXPRESS – India’s exports grew by just 10.8 per cent to $19.8 billion in October, the lowest in the last two years, mainly on declining demand in the US and EU.
Submitted By:-
Priyesh Narain
Researcher
สำหรับรายละเอียดของข่าวข้างต้น โปรดติดต่ิอนาย Priyesh Narain ที่ This email address is being protected from spambots. You need JavaScript enabled to view it.