Matthias's Feed
Dec 1, 2011

Indian tycoons tweet frustration amid political rows

NEW DELHI, Dec 1 (Reuters) – India’s Ratan Tata on
Thursday joined a growing list of business tycoons to vent their
frustration at the wrangling and perceived policy footdragging
among the country’s politicians that they say could hold back
the country’s economic rise.

Shouting matches and walkouts over a reform to allow foreign
retailers into India’s supermarket sector have shut down
parliament for the past week. Some commentators now fear Prime
Minister Manmohan Singh could roll back or water down one of his
biggest reforms in years due to political pressure.

Nov 29, 2011
Nov 29, 2011
Nov 29, 2011

India weakens retail reform as opposition grows

NEW DELHI, Nov 28 (Reuters) – India’s government
appeared to be backtracking on Monday over a move to allow
foreign supermarket giants such as Wal-Mart to enter Asia’s
third-largest economy, as political opposition grew over one of
the most far-reaching economic reforms in years.

Powerful chief ministers of several government-allied states
and some legislators within the ruling Congress party are
pressing the government to reverse the decision, which was
announced only late last week.

Nov 28, 2011
Nov 28, 2011
Nov 28, 2011
Nov 28, 2011
Nov 28, 2011

India waters down retail reform amid opposition

NEW DELHI, Nov 28 (Reuters) – The Indian government
gave its first signs of backtracking over a move to allow
foreign supermarket giants to enter Asia’s third-largest economy
on Monday as political opposition grew over one of the most
far-reaching economic reforms in years.

Powerful chief ministers of several government-allied states
and some legislators within the ruling Congress party are
pressing the government to reverse its move. Parliament was
adjourned for a fifth day amid uproar from legislators.

Nov 28, 2011