Matthias's Feed
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
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.