Economy News

Supermarket

Govt Puts FDI in Retail on Hold, Opposition Insists on Rollback

To break the impasse on Foreign Direct Investment in retail that has stopped the Parliament's winter session, the Central Government has announced that the decision to allow 51 percent FDI in retails has been put on hold. However, the winter session is likely to face trouble, as the Opposition party is demanding a rollback on the decision. Dec 5, 2011
supermarket

No Rollback on FDI in Retail: Govt

The opposition parties and allies of the UPA government are against retail reform but the government is not ready for a rollback. The government wants FDI in retail sector to boost India's economy. Dec 2, 2011
supermarket-chain

India's New Retail Policy Will Create 10 mn Jobs: Minister

The government's approval for 51 percent foreign direct investment in the supermarket sector may have created a storm at the ongoing winter session of Parliament, but Trade Minister Anand Sharma says the new retail policy will create a number of jobs. Nov 25, 2011
lakshmi-mittal

Lakshmi Mittal is Britain's Most Influential Asian for 2011

According to weekly newspaper Eastern Eye, 61-year-old Lakshmi Mittal, a Non-Resident Indian and the Chief Executive Officer (CEO) and Chairman of the Board of Directors of ArcelorMittal, is the most powerful Asian in Britain, for the year 2011. Nov 24, 2011
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