Retail Trade

7 मई 2013 को संसद सत्र के दौरान नई दिल्ली स्थित कांस्टीटयूशन क्लब में नवनिर्मित विशाल एनेक्सी हाॅल में आयोजित किया जायेगा। यह कार्यक्रम प्रात 10.00 बजे प्रारंभ होकर सायंकाल 5.00 बजे तक चलेगा। इस जुटान में देश भर के सभी व्यापारी, लघु उद्योग, ट्रांसपोर्ट, हाॅकर्स, किसान, मजदूर, उपभोक्ता, ।च्डब्ए छात्र एवं अन्य दलों व संगठनों के जिला/प्रांत/क्षेत्रीय/राष्ट्रीय स्तर के नेताओं को आमंत्रित किया जायेगा। सभी प्रांत अपने यहां इस संबंध में सूचियां तैयार करके श्री दीपक शर्मा ‘प्रदीप’ (9810454566) को शीघ्रता से भेजें तथा स्वयं उन संगठनों से शीघ्र संपर्क स्थापित करे।

There was uproar in the Rajya Sabha over the reported disclosure that Wal-Mart spent Rs 125 crore on lobbying to enter the Indian market.

Raising the issue in the Upper House, the BJP members demanded a detailed probe into the disclosure.

BJP leader Ravi Shankar Prasad targeted the government and said the revelation had raised questions over the credibility of the decision to allow FDI in multi-brand retail.

The opposition maintained that lobbying was illegal in the country and the government should probe who got the money.

Getting support once again from the unlikely combination of Mulayam Singh Yadav's Samajwadi Party (SP) and Mayawati's Bahujan Samaj Party (BSP), the government won the day in the Rajya Sabha by 14 votes.

In the House, the opposition-backed motion got 109 votes and the government 123 votes. One member, cricketer Sachin Tendulkar, was away playing a match against England in Kolkata.

Minutes before the voting process began, the SP walked out of the House with its nine MPs, bailing out the ruling United Progressive Alliance (UPA) -- as it had when the Lok Sabha voted on the issue.

Senior BJP leader Dr. Murli Manohar Joshi ruthlessly criticised the government in the Lok Sabha for paving the way for the entry of retail giants by allowing up to 51 per cent Foreign Direct Investment in multi-brand retail, despite the strong opposition from the people.

He said the people would not tolerate the decision. The BJP favoured retail democracy and not retail dictatorship. Walmart had indulged in corrupt practices in several countries, he said, asking the government to take care of the interest of farmers instead of promoting such retail giants.

Ally Nationalist Congress Party(NCP) has asked Maharashtra chief minister Prithviraj Chavan not to take any decision regarding implementation of multi-brand FDI in retail in the state without consulting it, even though the party voted in favour of the move in the Lok Sabha.

A letter signed by NCP state president Madhukar Pichad was delivered to Chavan by former deputy chief minister Ajit Pawar last night.

The party has said the issue of implementation needs to be discussed in the coordination committee first.

Keeping Congress on tenterhooks on their strategy during the crucial FDI vote on Wednesday, eight party MPs from Telangana region in Andhra Pradesh boycotted a meeting called by party floor leaders in Parliament to seek their assurances on participation in the debate.

The MPs, who have been openly protesting against the Congress and the UPA government on the non-decision over contentious Telangana statehood demand, also kept the question of skipping the vote tomorrow open saying a decision on this would be taken only tomorrow.

The Lok Sabha will take up the discussion on FDI in retail Today.

With voting on FDI in retail becoming a crucial issue in Parliament, BJP and Congress are leaving no stone unturned to muster their numbers and issued three-line whips to their MPs on Monday.

Both the major parties have asked their members to be present in the House and vote according to their party diktat.

While Congress is making all out efforts to bring its constituents and outside support on board, the entire BJP-led NDA is united in opposing the FDI decision.

The World Bank has named Kaushik Basu, a Cornell University professor and former Indian official, as the institution's new chief economist and senior vice president.

Basu, an Indian national, most recently served as chief economic adviser of the India's Ministry of Finance while on leave from Cornell, where he was an economics professor and the C. Marks Professor of International Studies.

As multilateral negotiations have paused, multi-national corporates have increasingly become aggressive; and our bureaucrats restless.

There is strong evidence that rural communities in the United States have been more adversely impacted by the discount mass merchandisers (sometimes referred to as the Wal-Mart phenomenon) than by any other factors in recent times." No. That is not Mamata Banerjee commenting on the debilitating impact of FDI in retail.

R. Vaidyanathan

Trade, with a GDP share of 15.1%, only slightly less than manufacturing at 15.6%, is an important segment of the economy.

More than 125 lakh kirana stores provide a source of livelihood to 16 crore people. Retail trade has grown faster than the economy: it registered a compounded annual growth rate (CAGR) of 9.4% between 2004-05 and 2008-09 when the Indian economy grew at 8.66%.