Sunday, November 27, 2011

FDI in retail: Govt places full-page ads on 'myth and reality'

FDI in retail: Govt places full-page ads on 'myth and reality'

FDI in retail: Govt places full-page ads on 'myth and reality'

Posted: 27 Nov 2011 06:42 AM PST

Sticking firmly to its stand in the face of stiff opposition over its move to raise the cap on Foreign Direct Investment (FDI) in the retail sector, the government, in a major publicity blitzkrieg, placed colourful, full-page, glitzy advertisements in all major newspapers this morning to highlight the benefits of its decision. The ads - which aim at rejecting the Opposition's claims that FDI would only hurt farmers - say the move, in fact, will only benefit farmers as 50 per cent of the investment by retail chains would be put into development of back-end infrastructure. The ads further say that farmers would get better returns for their grains. Not just that, the move to allow FDI in retail will help in creation of lakhs of jobs. The government also says that the move would be in the larger interest of the consumers as it would create and increase competition, thus resulting in improved quality and lower prices. The Cabinet's nod to allow 51% FDI in the multi-brand retail segment will facilitate giants like Walmart, Carrefour and Tesco to set shop in the country. Previously, such retailers were not allowed to conduct retail business in the country.

Won't allow FDI in retail in Tamil Nadu, says Jayalalithaa

Posted: 27 Nov 2011 06:41 AM PST

Joining the growing chorus of opposition against the government's move to allow 51 per cent Foreign Direct Investment (FDI) in retail, Tamil Nadu Chief Minister and AIADMK chief J Jayalalithaa today said that she wouldn't allow multi-brand global players to set up hyper markets in Tamil Nadu.

Delhi Police registers case against Kiran Bedi

Posted: 27 Nov 2011 06:03 AM PST

Delhi Police today registered a case against Team Anna member Kiran Bedi for allegedly misappropriating funds meant for her NGOs following a local court order. DCP (Crime) Ashok Chand said a case under Section 420 (cheating), 406 (criminal breach of trust), 120 b (criminal conspiracy) of IPC has been slapped against Bedi. The action comes a day after a local court passed an order to this effect.

Mayawati hits out at Rahul in rally, says Congress is scared of BSP

Posted: 27 Nov 2011 05:44 AM PST

After being constantly attacked by Congress General Secretary Rahul Gandhi during his five-day Jan Sampark Yatra in Uttar Pradesh, Chief Minister Mayawati today hit back, saying that the Congress was scared of the BSP.

Tribal women allege rape by cops in Tamil Nadu

Posted: 27 Nov 2011 12:49 AM PST

Four tribal women have alleged that they were raped by the police in the Villupuram district of Tamil Nadu.

Delhi court orders FIR against Kiran Bedi

Posted: 26 Nov 2011 03:56 PM PST

A Delhi court has ordered the police to file an FIR against Kiran Bedi for allegedly cheating and misappropriating funds in collusion with foreign companies and other foundations.

Andhra Pradesh High Court orders CBI probe into Chandrababu Naidu's alleged disproportionate assets

Posted: 26 Nov 2011 03:22 PM PST

The CBI has registered a preliminary enquiry case against former Andhra Pradesh Chief Minister Chandrababu Naidu and 12 others to probe alleged disproportionate assets amassed by Mr Naidu.

Lokayukta police files FIR against Yeddyurappa

Posted: 26 Nov 2011 02:17 PM PST

Spelling fresh trouble for former Karnataka Chief Minister BS Yeddyurappa, Lokayukta Police on Saturday filed an FIR against him, Housing Minister V Somanna and two others, alleging irregularities in denotification of land.

Govt's FDI decision contempt of House: Sushma Swaraj

Posted: 26 Nov 2011 02:11 PM PST

The BJP has charged the government with showing contempt of Parliament by not discussing a crucial issue like allowing 51 per cent Foreign Direct Investment or FDI in retail on the floor of the House and held the Manmohan Singh regime responsible for its repeated adjournments.

Four tribal women accuse Tamil Nadu policemen of rape

Posted: 26 Nov 2011 11:41 AM PST

Four tribal women allege rape by police in Villapuram district in Tamil Nadu. Two of the complainants are married, one is pregnant. The women allege that police took them in for a theft enquiry and raped them.

India-China border talks put off after row over Dalai Lama

Posted: 26 Nov 2011 11:11 AM PST

A major row has erupted between India and China over the Dalai Lama's conference in Delhi next week. New Delhi has put off border talks after Beijing objected to Dalai Lama's speech at the conference and asks India to scrap the event.

US Marines to wind down operations in Afghanistan in 2012

Posted: 26 Nov 2011 10:22 AM PST

US Marines are all set to march out of Afghanistan next year. General James F Amos, commandant of the Marine Corps, said in an interview that the number of Marines in the Helmand province will drop "markedly" in 2012, and the role of those who stay will shift from countering the insurgency to training and advising the Afghan security forces.
Posted by Harshad at 3:10 AM

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