Matthias's Feed
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
Nov 25, 2011

India eyes rapid retail investment

NEW DELHI (Reuters) – India has opened its supermarket sector to foreign retailers such as Wal-Mart Stores Inc, pushing through a major reform aimed at attracting foreign capital and potentially easing stubbornly high inflation.

The policy comes with provisos on sourcing requirements and minimum investment levels.

Nov 25, 2011

Global supermarkets wary of fine print on India invite

NEW DELHI (Reuters) – Global supermarket chains welcomed a long-awaited invitation from India to invest in the country’s $450 billion retail market, but they fear the policy’s small print may keep a lid on investment in the short term.

The government late on Thursday approved 51 percent foreign direct investment in supermarkets, paving the way for firms such as Wal-Mart Stores Inc (WMT.N: Quote, Profile, Research, Stock Buzz), Tesco (TSCO.L: Quote, Profile, Research, Stock Buzz) and Carrefour (CARR.PA: Quote, Profile, Research, Stock Buzz) to enter one of the world’s largest untapped markets.

Nov 25, 2011

Global players read fine print on India’s retail invitation

NEW DELHI (Reuters) – Global supermarket chains hailed India’s move to open up its $450 billion retail market, but cautioned that the policy’s fine print may keep a lid on investment in the short term.

The government late on Thursday approved 51 percent foreign direct investment in supermarkets, paving the way for firms such as Wal-Mart Stores Inc, Tesco and Carrefour to enter one of the world’s largest untapped markets.

Nov 25, 2011

Global supermarkets read fine print on India’s invitation

NEW DELHI, Nov 25 (Reuters) – Global supermarket
chains hailed India’s move to open up its $450 billion retail
market, but cautioned that the policy’s fine print may keep a
lid on investment in the short term.

The government late on Thursday approved 51 percent foreign
direct investment in supermarkets, paving the way for firms such
as Wal-Mart Stores Inc, Tesco and Carrefour
to enter one of the world’s largest untapped markets.

Nov 23, 2011

India moves closer to opening up supermarket sector

NEW DELHI, Nov 23 (Reuters) – India could decide this
week to throw open its supermarket sector to foreign firms such
as Wal-Mart Stores Inc, clearing one of the most hotly
anticipated economic reforms of Prime Minister Manmohan Singh’s
tenure.

Policymakers have for years talked about opening India’s
so-called multi-brand retail sector to foreign direct investors,
a policy aimed at attracting foreign capital, unclogging supply
bottlenecks and helping tackle stubbornly high inflation.

Nov 20, 2011

Lokpal bill tops parliament agenda

NEW DELHI (Reuters) – The next parliament session will focus on passing the controversial Lokpal bill, overshadowing calls for a renewed push on economic reforms seen as urgent as growth slows and inflation stays stubbornly high.

The legislation to create an ombudsman’s office, or Lokpal, to investigate and prosecute suspected government corruption is seen as crucial for the government of Prime Minister Manmohan Singh as parliament reconvenes for a month-long session on Tuesday.