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Dr S Narayan is Head of Research and Visiting Senior Research Fellow at the Institute of South Asian Studies (ISAS), an autonomous research institute at the National University of Singapore. He was formerly Economic Adviser to the Prime Minister of India. The views expressed in this paper are those of the author and do not necessarily reflect those of ISAS.
In September 2012, the Government of India announced several economic policy reform measures that included a move to allow 51 per cent foreign direct investment (FDI) in multi-brand retail.
In the same announcement, it relaxed norms for foreign direct investment in the aviation sector, allowing international airlines to invest in domestic peers and cleared a slew of other reform-oriented measures – an increase of FDI in some broadcasting services. The issue of FDI in retail has attracted considerable political debate. The matter was first proposed by the Government in 2010, but had to be withdrawn because of political opposition. This time, the Government appears to be firm in pushing the policy through.
It is possible to adduce several reasons for the determination of the Government. First, the ruling United Progressive Alliance (UPA) Government, and in particular the Congress party, has been battered by allegations of corruption and scams all through 2012, and needs a breather to establish its authority to govern. The criticism in the foreign media and by academics that the Government has been in a state of policy paralysis, which has prevented it from taking even basic measures to improve governance, has hurt its image.
The crisis in coal supply for power generation and the poor progress of infrastructure projects have given the impression that executive decisions have come to a halt. On the trade front, the growing current account deficit, as well as the weakening of the rupee, has been seen as warning signals for the economy. The growing fiscal deficit, the inability to control expenditure on subsidies, and a slowing economy have caused international investors and rating agencies to downgrade expectations about the Indian economy. The latest GDP growth figures of 5.3 per cent are lower than the expectations of the Government and the Reserve Bank of India alike, and the persistent inflation is hurting the entire population, especially those with fixed incomes. There was, therefore, a need to induce some confidence about the economy. In the past, the current account deficit was bridged by FDI, inflows into capital markets, and through inwardremittances. Of these, the first two had seen a sharp drop in 2010 and 2011. The equity markets were trading 30 per cent below pre-2008 crisis levels, with little appetite for fresh capital issues. FDI was dropping steadily after 2008 and dropped to 40 per cent of the 2011-12 level in the subsequent year. The high fiscal deficit was also crowding out private borrowings. In short, there was need for a correction to infuse external capital into the economy by improving the sentiment in the financial markets and by giving a signal that could restore FDI flows. The reform announcements of September 2012 were an attempt at that. There were other arguments as well. The retail sector in India has been growing at a combined annual growth rate of 6.4 per cent over the period 1998-2010, and is estimated to be worth around Rs. 50,000 crores (US$ 10 billion) in 2010. However, the contribution of organised retail remains low. As against the United States, which has the organised to unorganised ratio of 85:15, in India, it is only 10:90. Organised retail has been growing rapidly and is expected to have a share of 22 per cent before 2017. There are also several consumption-related growth drivers for retail. India’s per capita income, in real terms, has doubled between 2000 and 2011, and income levels are expected to triple in nominal terms in the next 20 years. Average real household income has grown at an annual rate of 3.8 per cent from 1985 to 2005. The middle class population as defined at an income level of Rs. 200,000 and above at the 2000- price level is expected to increase to 40 per cent of the population by 2025. Per household consumption expenditure has also doubled in the last decade along with rising income levels. The fast pace of urbanisation is also changing consumption patterns. As per the United Nations’ state of the populations report, 40 per cent of India’s population is expected to reside in urban agglomerates by 2030. Finally, the demographic pattern of the population, with 60 per cent of the population at 35 years or less, is driving consumption towards more modern, technologically advanced products that are the strength of modern retail outlets. In terms of the share of the various sectors in the retail industry
in India, clothing and food have a share of 38.1 per cent and 11.5 per cent respectively, according to the IBEF retail report 2011.
As per the Indian Government’s announced policy, FDI in multi-brand retail is to be allowed only in towns which have a population of more than one million, which restricts the entry to around 35 cities. The minimum amount to be brought in by the foreign player is US$ 100 million; 50 per cent of the total FDI brought in should be invested in back-end infrastructure such as processing, logistics, warehousing and improvements in manufacturing. Fresh agricultural products may be unbranded. FDI in multi-brand retail trading in the form of e-commerce would not be permissible. Asset creation is expected to be done primarily by the foreign player. The advantage, from the Government’s point of view, is an increased opportunity for employment. It is estimated that organised retail has created over 1.5 million jobs in the period 2005-2009. The quality of employment is also superior to the opportunities in the unorganised sector. The organised sector would make a higher contribution to tax revenues through increased VAT and eventually, GST revenues. From the point of view of customers, they are likely to get better products, lower defective items, increased choice and quality of products, and the availability of global products in local markets. For the farmers, there would be a reduction in the level of intermediaries, improvement in supply chain management, requisite infrastructure in cold chain, warehousing and transportation logistics, technological improvements in crop production, and rational and fair pricing of products. The limitation of applicability to cities with a population of one million or more implies that this would be applicable only to 35 cities in 15 states. These are Andhra Pradesh, Bihar, Delhi, Gujarat, Haryana, Jharkhand, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Punjab, Rajasthan, Tamil Nadu, Uttar Pradesh and West Bengal. It is also stipulated in the policy that State Governments and Union Territories would be free to take their own decisions in regard to the implementation of the policy. In perspective, this policy appears to have several significant positives. It is an executive decision, well within the purview of the executive, with no need for parliamentary approval. First, on the economic side, this would lead to modernisation of retail and investment in technology, logistics and the value chain. Second, there would be opportunities of greater, higher quality of employment. Third, multiplier effects can be had in the domestic economy in the fields of warehousing, transportation and ancillary activities. Fourth, this opens up opportunities for improving the quality of employment in these sectors. Fifth, there is an assurance of greater revenue mobilisation. Sixth, this would lead to more inward capital flows and investments. Against this backdrop, there has been strong opposition to the move and political parties are lined up to oppose the move. One of the members of the UPA, the Trinamool Congress, has walked out of the alliance on this issue, leaving the Government technically in parliamentary minority, though they have the outside support of two major parties from Uttar Pradesh.
The opposition puts forth several arguments. First, that unorganised retail in India is run by a large number of small entrepreneurs who serve the immediate neighbourhood, and who would be driven out of business by the advent of large supermarkets. There is evidence that this has happened in some states in the US and in smaller towns in the United Kingdom and Australia. The small stores would not have the technological capability or the financial muscle to compete on equal terms with the large retail chains, and hence would be at a disadvantage. The strength of small retail lies in familiarity with the customer, that enables credit transactions to take place and provides for customer conveniences like small quantities and home delivery, which would not be possible from a large retail chain. Further, the very nature of large retail investment would require large real estate space, requiring transportation and higher transaction volumes. Therefore the concept is elitist, available only to a select few in the higher income ranges, and not of use to the common man, who constitutes of over 50 per cent of the rural and small-town consumers. So runs the argument. Secondly, it is contended that farmers would be at a disadvantage. The large retailers would be in a position to enforce supply contracts that would push farm prices down, thus affecting farmer’s incomes. Third, the tendency to stock mass-manufactured goods would lead to more imported goods being on offer, to the disadvantage of local manufacturers. Finally, the smaller retail stores are able to offer employment to even unskilled workers, of whom there are
plenty in India. The employment requirement in large multi-brand retail stores would be for the better skilled, thus driving the poorer out of employment. These are some of the other arguments being advanced. Existing traders are lobbying hard with their own state governments against the introduction of FDI in retail. At the same time, large local retailers, who have multi-brand shops, do not also want the international names to come in, as they fear they would not be able to meet the competition. At the level of media, and even at the political level, these arguments are more in the realm of opinions and estimation, and not based on any hard analytical evidence. Firstly, the FDI retail shops would be set up in only 35 towns in the country, thus leaving most of the smaller retail shops untouched. Further, even in the larger urban centres, the requirement of real estate for these large stores is likely to be such that only a small number would be set up in each town. The advent of modern malls and composite shopping centres has not, in the last decade, disturbed local shopping habits or shopping centres. Rather, it has catered to a different class of young, urban consumers who are looking for products that are usually not available at traditional retail stores. It is also difficult to argue that retailing in India does not need to modernise, along with the economy, and that modern warehousing, inventory management and efficient logistics will not be of advantage to the consumer. Finally, it is also curious that there is little objection to multi-brand retail if it is owned by Indian retailers; the objection is only to FDI in retail. Perhaps this is because local large retailers do not want to face international brand competition.
It is also curious that there is little objection to FDI in single-brand goods. The fear of mom and pop stores being displaced and branded retail taking over the entire retail segment is perhaps overstated. It is of course possible that the arguments are entirely in the realm of politics. No doubt the strong lobbies of the existing small retailers as well as the established Indian multi-brand retailers are adding to the fervour of the arguments, but the epicentre of the issue appears to be the political scene. Currently, the UPA has lost a major ally in the Lok Sabha, key lower house of national Parliament, and depends on the support of Samajwadi Party and Bahujan Samaj Party, two opposing parties in Uttar Pradesh (against both of whom the
Congress fought in the recent state elections). In the upper house, the Rajya Sabha, the Government does not have the numbers for the vote. The ruling alliance, as already mentioned, has been weakened in 2012 by complaints of non-performance and a number of allegations of corruption: it is perhaps natural for the opposition parties to press home their advantage when the UPA is weak. There is little to be achieved as the FDI decision is an executive decision, unlikely to bring down the Government. So, this political tussle would only reveal the combination of political forces and allies in a kind of muscle-flexing for the next General elections, now slated for in 2014 in the normal course. The downside would be that international confidence in governance in India would be further weakened, and in fact, may lead to reluctance to invest in India. It is therefore vital that the Government should sail through these discussions and win a decisive vote in Parliament. . .
Retailing defines the direct interface between the manufacturers and the end users who are basically individual consumers. The retail business owners stock up all goods after purchasing it directly from the manufacturers and then sell it to individual customers keeping a profit margin for themselves. Of late the retailing industry in India has bloomed with much coveted success causing positive impact on the national economy. As per the recent revelations by the popular International Management Consultancy AT Kearney, India has been considered the second most lucrative destinations of the world for retail business. Read what is FDI and buzz around it
In India, retailing industry is segregated into two classes- organized retailing and unorganized retailing.
Organized retailing entails trading conducted by licensed retailers and unorganized retailing includes all types of low cost trading like local shops, small roadside stores and temporary shops or door to door selling of various goods.Until now, according to the Indian retailing laws, Foreign Direct Investment in multi-brand retail market was prohibited. But
government is thinking to open the FDI in retail in India which implies that foreign investment in retailing is possible up to 51%. Now the announcement of retail FDI in India has triggered a series of debates on both positive and negative notes and become political issue. So let’s discuss these things, what all this means to you through advantages and disadvantages: Advantages of FDI in retail sector in India:
• Growth in economy: Due to coming of foreign companies’ new infrastructure will be build, thus real estate sector will grow consequently banking sector, as money need to be required to build infrastructure would be provided by banks.
• Job opportunities: Estimates shows that this will create about 80Lakh jobs. These career opportunities will be created mostly in retail, real estate. But it will create positive impact on others sectors as well. Read about career options in Retail sector….. • Benefits to farmers: In most cases, in the retailing business, the intermediaries have dominated the interface between the manufacturers or producers and the consumers. Hence the farmers and manufacturers lose their actual share of profit margin as the lion’s share is eaten up by the middle men. This issue can be resolved by FDI, as farmers might get contract farming where they will supply to a retailer based upon demand and will get good cash for that, they need not to search for buyers.
• Benefits to consumers: Consumer will get variety of products at low prices compared to market rates, and will have more choice to get international brands at one place.
• Lack of infrastructure in the retailing chain has been one of the common issues in India for years which has led the process to an incompetent market mechanism. For example, in spite of India being one of the largest producers of vegetables and fruits, lack of proper count of cold storages has significantly affected the selling of these perishable items. FDI might help India overcome such issues by channelizing the resources in the right manner.
• In the last years, the Public distribution system is proved to be significantly ineffective. In spite of the fact that the government arranged for subsidies, the food inflation has caused its negative impact continuously and it can be handled by FDI.
Disadvantages of FDI in retail sector in India:
• According to the non-government cult, FDI will drain out the country’s share of revenue to foreign countries which may cause negative impact on India’s overall economy.
• The domestic organized retail sector might not be competitive enough to tackle international players and might loose its market share.
• Many of the small business owners and workers from other functional areas may lose their jobs, as lot of people are into unorganized retail business such as small shops. However the government is quite stringent on this issue and determined to allow FDI in India. The actual impacts would be observed over time and till then the laymen have nothing but to hope for the best! Walmart Lobbying and Political Corruption in Retail FDI:
Recent reports presented by Walmart to US Govt. revealed that it spend Rs. 125 cr in lobbying Indian lawmakers to get access to Indian market. These facts are serious, if Govt. is doing all this in favour of bribery and money then results might not be good as it is projected. Since Walmart will continue to mould things in their favour by lobbying and bribery as political corruption is well known in Indian politics. They can be purchased easily.
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New Delhi: The Commerce and Industry Ministry has circulated a draft Cabinet note on relaxing FDI norms for the housing sector, which proposed easing the three-year lock-in period among other things. DDIP, Cabinet note, FDI norms, housing sector, FDI guidelines, RBI notifies definition of
‘control’ in context of FDI
Mumbai: The Reserve Bank notified the definition of term ‘control’ in relation to foreign direct investment and revised the list of states where FDI is permitted in multi-brand retail. RBI, FDI, RBI notification, RBI policy, Reserve Bank, multi-brand retail , Government notifies changes in FDI policy, paves way for larger overseas investments 12 Sep 2013
New Delhi: The government has notified changes in the FDI policy, paving the way for larger overseas investments in sectors such as multi-brand retail and telecom. FDI policy, FDI notification, India FDI policy, overseas investments, Foreign investment, FEMA regulations, Malls to contribute 35 percent of modern retail sales by 2016, says report 11 Sep 2013
Mumbai: With popularity of mall culture on the rise, these swanky shopping centres are expected to contribute to more than a third (35 per cent) of the modern retail sales in the next three years, says a report. malls, shopping, retail, sales, india,
New Delhi: Government has already taken a host of reform measures and there is no case for any downgrade of India’s sovereign rating by global agencies, Prime Minister’s key economic advisor C Rangarajan said. C Rangarajan, India rating downgrade, India growth projection, Prime Minister’s key economic advisor, Indian economy, FDI , Walmart India plans possibly
at final stage, says government official 31 Aug 2013
New Delhi: Global retail giant Walmart is expected to soon firm up its plan to foray into India’s multi-brand sector, a top government official on Friday said. Walmart, FDI, Foreign Direct Investment, Department of Industrial Policy and Promotions, Walmart Asia Chief Scot, multi brand retail, Formation of Civil Aviation Authority crucial for development: Survey 09 Sep 2013
New Delhi: Liberalized FDI norms have the potential to put the aviation sector on the growth track but taxation issues are major impediments for the industry, a survey has found. Civil Aviation Authority, FDI, Indian civil aviation sector, relaxation in FDI, Aviation sector, taxation, India Inc hails relaxation in multi-brand retail norms
New Delhi: Hailing government’s announcement to relax investment norms in multi-brand retail and raising FDI caps in several sectors, India Inc said that the reforms were “much-needed” and will boost the confidence of foreign investors which will help in reviving the economy. FDI in retail, FDI in India, Changes in FDI norms, FDI inflow in India, FDI caps, Government to further liberalize FDI policy, says Chidambaram 31 Jul 2013
New Delhi: Faced with sliding rupee, Finance Minister P Chidambaram on Wednesday said government will further liberalize the FDI policy and encourage public sector undertakings to raise funds from overseas markets. P Chidambaram, FDI, FDI in India, FDI policy in India, FDI in retail ,
Government eases FDI norms in multi-brand retail, allows 100 percent investment in telecom 02 Aug 2013
• Norms for Multi-brand Retail Trading (MBRT) relaxed
• Eased mandatory 30 pc local sourcing norms for MBRT players
• Local sourcing norm to apply only in first engagement
• FDI cap in telecom raised to 100 pc from 74 pc; up to 49 pc through automatic route and beyond that via FIPB FDI in India, FDI inflow in India, FDI in multi-brand retail, FDI in telecom, FDI cap in India, FDI cap in telecom sector, – See more at: http://post.jagran.com/search/disadvantages-of-fdi-in-retail#sthash.iXvt8E8g.dpuf
Mumbai: The Reserve Bank today allowed non-resident investors, including NRIs, to buy shares of Indian entities listed on recognised stock exchanges under FDI scheme, but subject to certain conditions. non-resident investors, NRI investors, FDI scheme, FDI investment, FEMA regulations , Government clears 17 FDI proposals worth Rs 993 crore
New Delhi: The government has approved 17 foreign direct investment (FDI) proposals totalling Rs 992.61 crore, while recommending the Rs 2,058 crore Jet-Etihad deal for final clearance to the Cabinet. Foreign direct investment, FDI in India, FDI proposals, Pending FDI proposals, Jet-Etihad deal, Union Cabinet, FDI proposals approved , Traders will protest if government raises FDI cap in retail: CAIT 16 Jul 2013
Opposing any hike in FDI cap in multi-brand retail, apex traders’ body CAIT Tuesday said such a move will not only affect interest of small traders but would also have a negative impact on the economy. FDI, hike in FDI, FDI in multi brand retail, CAIT, Manmohan Singh, Rajnath slams FDI in multi-retail, says it would increase unemployment 25 Jul 2013
Washington: Describing Bharatiya Janata Party as pro-reforms, BJP president Rajnath Singh has defended its decision to oppose Foreign Direct Investment in multi-brand retail arguing that such a move would aggravate the unemployment problem in India. Bharatiya Janata Party, Rajnath Singh, Foreign Direct Investment, FDI in multi brand retail, Indian economy, Government eased norms for FDI in multi-retail under pressure from global retailers: Meenakshi Lekhi 03 Aug 2013
New Delhi: Bharatiya Janata Party (BJP) spokesperson Meenakshi Lekhi has alleged that easing norms for Foreign Direct Investment (FDI) in multi-brand retail had come after specific lobbying by global retailers like Walmart and Tesco. BJP spokesperson Meenakshi Lekhi, global retailers, FDI in multi-brand retail, lobbying by global retailers, UPA government, Disadvantages of open-plan offices revealed
There are advantages and disadvantages to an open-plan office – a single giant room where there is not much to separate you from a co-worker seated next to you. Open-plan office, single giant room, distraction, distracted environment, Gensler, Karnataka agrees to implement FDI in multi-brand retail
Karnataka has joined 11 other states and union territories that have agreed to allow foreign direct investment (FDI) in multi-brand retail. Karnataka government, FDI in multi-brand retail, FDI in Karnataka , FDI in retail, Government may tweak retail FDI norms to ease entry of global chains 03 Jul 2013
The government is considering tweaking the FDI policy in retail sector so as to allow global chains like Walmart, Carrefour and Tesco to open multi-brand stores in non-hilly cities with a population of less than one million. FDI in retail, FDI policy in retail sector, FDI norms in retail sector, FDI cap in retail sector, FDI in multi-brand retail in non-hilly cities , Industry gives thumbs-up to government’s FDI decisions
Government’s decisions to relax limits for FDI in a dozen sectors are ‘most timely’ and will boost investor sentiments, India Inc said. FDI decisions, India Inc, CII, Assocham, FICCI, FDI in retail, FDI in telecom, E-commerce firm Snapdeal.com ties-up with Hypercity Retail
New Delhi: E-commerce firm Snapdeal.com on Thursday entered into a strategic partnership with Hypercity Retail, a part of the K Raheja Group, to sell Hypercity’s products on its portal. Snapdeal.com, Hypercity Retail, E-commerce, Snapdeal.com-Hypercity tie-up, Hypercity merchandise, – See more at: http://post.jagran.com/search/disadvantages-of-fdi-in-retail/2#sthash.BRqA4Hrr.dpuf Showing Results For “disadvantages of fdi in retail”
Walmart expresses inability on meeting sourcing norms in the multi-brand segment 23 Jul 2013
New Delhi: The world’s largest retailer Walmart has expressed its inability to the government on meeting the sourcing norm in the multi-brand segment that requires 30 percent procurement from small industries, stating it can procure only about 20 percent. Walmart, Walmart in India, FDI in retail, FDI policy, Procurement from small industries, Commerce and Industry Minister, Anand Sharma, Government to introduce Insurance Bill in Winter Session of Parliament 05 Sep 2013
New Delhi: Finance Minister P Chidambaram said that the Insurance Laws (Amendment) Bill, which seeks to raise the foreign equity cap in the sector to 49 percent, will be taken up in the Winter Session of Parliament. Insurance Bill, Insurance Bill India, Insurance Bill 2013, FDI in Insurance, Winter Session, Finance Minister, P Chidambaram, Centre and states should be cautious in implementation of FDI 29 Jun 2013
What is this FDI, which can bring the Parliament of India to a grinding halt, why it has become a political debate that a coalition partner had to withdraw its support from the government at the outset of this issue and the opposition took it to the streets to oppose with tooth and nail. Why would a country seek FDI, an acronym for Foreign Direct Investment, if it had actually managed without it till the conception and relevance of FDI in India ? FDI, FDI in India, FDI inlfow in India, FDI cap in India, FDI in retail issue, Retail inflation for farm and rural workers eases marginally 21 Aug 2013
New Delhi: Retail inflation for farm and rural workers has come down marginally to 12.80 percent and 12.61 percent respectively in July, even as prices of food items and cloth remained high. Retail inflation, Farm workers, rural workers, inflation in July, Agriculture Labour, Consumer Price Index, Latest news, No proposal to hike FDI cap in banking sector: Government
Delhi: There is no proposal to hike foreign investment ceiling in the banking sector, the government said. FDI, Banking sector, FDI in banking, Indian banks, FDI proposals, Latest news, Sensex slumps in morning trade following profit-booking by retail investors 23 Aug 2013
Mumbai: The BSE benchmark Sensex on Friday fell by 61 points in morning trade as funds and retail investors booked profits after previous session’s gains. The 30-share barometer declined by 61.96 points, or 0.34 per cent, to 18,250.98 with healthcare, FMCG, PSUs and power stocks succumbing to profit-booking. The index had surged by 407.03 points on Thursday after four sessions of losses. Sensex, BSE, NSE, Sensex slumps, Sensex slumps in morning trade, latest news, Mayawati slams government move to open retail sector to FDI
Slamming the Centre’s decision to allow FDI in retail, UP Chief Minister Mayawati on Saturday alleged that it was taken to benefit companies of foreign friends of Rahul Gandhi and said that her government would not allow it in the state. FDI in retail, UP Chief Minister Mayawati on FDI, opposition oppose FDI in retail, advantages of FDI in retail,
disadvantages of FDI in retail, government on FDI in retail, Centre on FDI in retail , New FDI rules, a setback for foreign and local retailers
New rules requiring foreign supermarkets to set up their own warehouses and stores in India are likely to further delay the entry of companies like Wal-Mart Stores Inc, increase costs and hurt cash-strapped local retailers eager to partner with foreign companies. FDI, FDI rules, new FDI policy, Wal-Mart, FDI in India, FDI in retail sector , RBI hikes FDI cap in Asset Reconstruction Companies to 74 percent 20 Aug 2013
New Delhi: The Reserve Bank hiked the limit for foreign investment in Asset Reconstruction Companies (ARCs) to 74 percent from the earlier cap of 49 percent. Reserve Bank, FDI, Asset Reconstruction Companies, FDI in ARCs, FDI proposals, Latest news, FDI in hospitality sector increases to USD 2.23 billion in April 11 Aug 2013
New Delhi: Reflecting increased interest of foreign players in the country’s hospitality industry, the hotel and tourism sector witnessed a sudden spurt in FDI in April, attracting USD 2.32 billion. FDI in hospitality, FDI, hospitality industry, fdi inflow in india , – See more at: http://post.jagran.com/search/disadvantages-of-fdi-in-retail/3#sthash.rPoIwVLG.dpuf Government cornered, Pranab briefs Cong MPs on FDI, inflation 30 Nov 2011
With Government being cornered over various issues, Finance Minister Pranab Mukherjee on Wednesday briefed party MPs about the rationale behind allowing
FDI in retail as also steps being taken to address inflation and blackmoney so that they could counter to opposition attack. government on FDI, Latest on Indian Economy, Latest on FDI reforms, FDI in retail scares Indian bulk market, FDI in India, FDI in retail, advantages of FDI in retail, disadvantages of FDI in retail, Congress’ Kerala on FDI, Congress in inflation , 65 percent more traffic on online retail sites: Assocham
Mumbai: With the festive season round the corner, there is a 65 percent increase in online shopping from last year, according to industry body Assocham. Assocham, retail portals, online retail websites, online shopping, shopping portals, latest news , Telecom sector received Rs 58,782 crore FDI in last 13 years 19 Aug 2013
New Delhi: The country’s telecom sector has received a cumulative foreign direct investment (FDI) of USD 12,865 million (Rs 58,782 crore) in the last 13 years, which comprises 7 percent of the total FDI inflows. Telecom sector, FDI in Telecom, foreign direct investment, FDI inflows, Milind Deora, Latest news, Onion prices soar to Rs 60 per kg in Delhi’s retail market
New Delhi: Onion prices have soared to Rs 60 per kg in the retail market of the national capital due to lower supply from producing regions. Onion prices, Onion prices in Delhi, Onion retail price, Safal stores in Delhi, Onion price hike, Government not considering ban on onion exports despite high prices 24 Aug 2013
New Delhi: Government is not considering any proposal to ban onion exports as the hike in price of the commodity is not because of outward shipments, Food Minister K V Thomas said. onion exports, onion prices, onion price hike, onion retail price, India onion exports, latest news, SC dismisses petition challenging FDI in multi-brand retail
The Supreme Court on Wednesday upheld the government policy of allowing Foreign Direct Investment (FDI) in multi-brand retail. Supreme Court, FDI in multi-brand retail, FDI in retail, Foreign Direct Investment, Incense sticks may affect your health: Study
06 Aug 2013
Los Angeles: Incense sticks could come with a health risk, a new research has shown that burning these generate indoor air pollutants, which may lead to inflammation in human lung cells. Incense sticks, Incense sticks health risks, Incense sticks health woes, health hazards of Incense sticks, disadvantages of incense sticks, Put blanket ban on FDI in brownfield pharma: Parliamentary panel 14 Aug 2013
New Delhi: A Parliamentary panel has recommended a “blanket ban” on any FDI in brownfield pharma projects, or ones in which stake is acquired in an existing company, while investment of more than 49 percent would go to the Foreign Investment Promotion Board (FIPB). FDI in brownfield pharma, brownfield pharma, FDI, Foreign Investment Promotion Board, Reserve Bank of India, latest news, CPI shares dais with BJP over FDI in retail
Leaders of BJP and Left Front shard the dais in Ram Lila Ground to oppose the Central Government’s decision allowing Foreign Direct Investment in retail sector. FDI in retail, Retail FDI, BJP, CPI, Rajnath Singh , Stilettos: High on fashion, low on health
New Delhi: The tick-tack of high heels usually spells high-end fashion! But do you know that wearing stilettos on a regular basis entails health hazards? Experts say slipped disc, knee arthritis and plantar fasciitis (a painful inflammation on the sole of the foot) are common problems faced by women who wear them on regular basis. Stilettos, side effects of Stilettos, Stilettos health hazard, disadvantages of Stilettos, health woes of Stilettos, – See more at: http://post.jagran.com/search/disadvantages-of-fdi-in-retail/4#sthash.o6mEEjXv.dpuf Showing Results For “disadvantages of fdi in retail”
NDA will roll back FDI in retail if voted to power: Rajnath
Rollback of FDI in multi-brand retail will be the top priority of NDA coalition if it is voted to power in the next general elections, BJP chief Rajnath Singh said on Wednesday. Rajnath Singh, FDI in retail, NDA, FDI in multi-brand retail, protest against FDI in retail, FDI rises 25 percent to six-month high of USD 2.32 billion in April 15 Jul 2013
Foreign direct investment (FDI) into India increased 25 percent year-on-year to USD 2.32 billion in April, the highest level in the past six months. In April 2012, the country had received FDI worth USD 1.85 billion, according
to data from the Department of Industrial Policy and Promotion (DIPP). Fdi, fdi increases by 25pc, foreign inflows, fdi in India, liberalizing fdi, Walmart continues US lobbying on ‘FDI in India’
Walmart continued to lobby with the American lawmakers over Indian retail FDI rules during the first quarter of 2013, even as a probe is underway into the global retail giant’s US lobbying activities for facilitating its India entry. Walmart lobbying in US, FDI in India, Indian retail FDI rules, Foreign Direct Investment, Government clears IKEA’s Rs 10,500 crore FDI proposal
The government on Thursday allowed Swedish furniture major IKEA to invest Rs 10,500 crore—the biggest ever FDI proposal in single brand retail– for setting up home furnishing stores in the country. FDI proposal, IKEA, Swedish furniture major, Single brand retail, Manmohan Singh, Cabinet Committee on Economic Affair , Karbonn A29 available on e-retail sites
New Delhi: Karbonn has rolled out its new Karbonn A29 for sale on online retail stores for a price of Rs 8990. However, the device has not been officially launched. Karbonn A29, Android 4.1, Wi-Fi, Bluetooth, GPS, Karbonn, FDI in retail
FDI in retail is being projected as a panacea for all the ills plaguing
agriculture. It is expected to raise farmers income, remove middlemen, help consumers get a low price, and of course remove the massive wastage that we see in the farm supply chain. FDI, FDI in retail, economic reforms, UPA, Devinder Sharma blogs, Jagran blogs, Govt raises FDI limits in 12 sectors, clears 100 pc foreign investment in telecom 17 Jul 2013
The Central Government has liberalized the Foreign Direct Investment (FDI) limits in several sectors on Monday, opening the doors for foreign investments. It has approved 100 percent raise in the telecom sector and also increased the limits in other sectors, mainly to boost up the national economy. Foreign direct investment, FDI, 100 percent FDI in telecom, FDI limit in 12 sectors, FDI in Telecom, Telecom FDI, India reforms, FDI liberalization, US welcomes India’s FDI decisions
Washington: Ahead of Vice President Joe Biden’s visit, the US has welcomed India’s decision to increase foreign direct investment in key sectors like defence, telecom and insurance. FDI in India, FDI reforms in India, FDI cap in India, Indian economy, Walmart , NCP not to allow FDI in retail in Maharashtra
Even as it voted in favour of FDI in retail, UPA’s key constituent NCP on Wednesday struck a discordant note by saying that it did not support implementation of the decision in Maharashtra. Praful Patel, FDI in Maharashtra, FDI vote, FDI debate, FDI in Maharashtra, BJP vows to oppose FDI in retail till its last breath
Assuring support to the traders opposing the Congress-led government’s decision to allow FDI in retail, BJP leader Arun Jaitley said on Thursday that his party would oppose the move till its “last breath”. – See more at: http://post.jagran.com/search/disadvantages-of-fdi-in-retail/5#sthash.9m02kf4N.dpuf Raising FDI caps to boost Indian economy
The series of foreign direct investment proposal approved by the Union Cabinet in key areas of defence, insurance and telecom along with others would provide the much needed boost to the Indian economy, a top Indian industry leader has said. Fdi, Cii, fdi approved by union cabinet, indian economy, fdi in defence, fdi in telecom, Arvind Kejriwal seeks referendum on FDI in retail
Social activist Arvind Kejriwal who recently launched the Aam Aadmi party on Saturday demanded a referendum on FDI in retail. Arvind Kejriwal, referendum on FDI, FDI in retail, FDI vote, FDI debate , FDI in retail will be good if it benefits farmers:Kalam
Former President Dr APJ Abdul Kalam on Friday said FDI in retail would be good if it benefits lakhs of farmers in the country. APJ Abdul Kalam, FDI in Retail, Indian Farmers,
RLD speaks in favour of FDI in retail
Lending support to foreign direct investment (FDI) in multi-brand retail, the Rashtriya Lok Dal (RLD) on Wednesday said the move will not destroy small manufacturers and farmers. Jayant Chaudhury, RLD, FDI in retail, FDI debate, FDI vote, SC expresses concern over FDI policy, seeks government’s response 22 Jan 2013
Expressing its concern over the Parliament’s nod to the Foreign Direct Investment in multi-bran retails, the Supreme Court on Tuesday asked the Centre to file its response within five weeks on how it intends to safeguard interests of small traders after FDI is allowed in retail sector. Supreme Court, FDI in retail, FDI policy,
PM to discuss FDI related issues with Cabinet members today
Prime Minister Manmohan Singh will on Tuesday evening discuss the proposal to hike foreign investment caps in sectors like telecom, retail and defence with his senior Cabinet colleagues. Manmohan Singj, FDI cap in India, Hike in FDI cap, FDI in India, FDI in different sectors in India , Government open to debate on FDI in retail: Kamal Nath
The government was open to discussions on foreign direct investment (FDI) in retail, Parliamentary Affairs Minister Kamal Nath said on Monday ahead of an all-party meeting on the ongoing logjam in the Parliament. Kamal Nath, FDI, FDI in retail, FDI in Parliament, Parliamentary panel suggests revival of pharmaceutical PSUs
New Delhi: A Parliamentary Committee has suggested revival of pharmaceutical public sector undertakings like HAL and IDPL for large scale production of affordable generic medicines to be provided to common man. Pharmaceutical public sector undertakings, Pharmaceutical companies, FDI in Pharmaceutical Sector, generic medicines, generic medicines supply, Latest news, FDI in retail: Small shops giving competition to big retailers
Traditional retailers are giving a strong competition to organised retailers and the decision to permit foreign retailers to open stores in the country will not affect small players in India, the government said on Wednesday. FDI in retail, Economic survey 2012-13, Unorganised retail sector, Kirana stores , Last word on FDI in retail has not been said: BJP
BJP on Friday said the last word has not yet been said on the FDI in multi-brand retail issue and the party would revisit the decision of the UPA government if it comes to pow – See more at: http://post.jagran.com/search/disadvantages-of-fdi-in-retail/6#sthash.AYmUF1Bg.dpuf
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