Reforms In Retail

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  Japan Crypto Exchanges Pushing For Margin Trading Relaxation For Sector Growth

  Japan’s crypto exchanges are pushing for a relaxation of curbs on margin trading, unbowed by last year’s global digital-asset market crash. Many people in the industry want permitted leverage for retail investors of four to 10 times whereas currently, customers can at most double exposure via borrowing.

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  Union Minister Nirmala Sitharaman On FDI Reforms: Highlights

  Commerce Minister Nirmala Sitharaman in an interview to NDTV speaks on the recent reforms in Foreign Direct Investment, announced by the Modi government, which includes relaxation in single brand retail paving way from Apple and IKEA stores in the country. Here are the highlights of the interview:

• PM Manmohan Singh hints at more liberalisation of FDI regime

  Expressing commitment to continue with reforms, Prime Minister Manmohan Singh today indicated government will further liberalise Foreign Direct Investment or FDI regime in the coming months and push the land reforms measures.

• Diesel price may be hiked by 50 paise per litre per month; petrol prices cut by 25 paise

  In a bold reforms decision, the government today partially deregulated diesel price allowing a hike of 40-50 paise a litre per month for retail customers and nearly Rs 11 for bulk consumers, a step that is feared will have a cascading effect on inflation.

• Shouting MPs provoke strong reprimand from Rajya Sabha chairman Hamid Ansari

  Rajya Sabha Chairman Hamid Ansari has called for a Rules Committee meeting on Wednesday to discuss repeated disruptions of House proceedings. This follows a fierce admonition from Mr Ansari today, provoked by the customary shouting and indiscipline that was witnessed inside the House. "A situation has arisen in which the Chair has to watch helpless...

• Government wins vote on FDI in retail in Rajya Sabha

  The government's double victory in the Lok Sabha and the Rajya Sabha on its decision to allow Foreign Direct Investment or FDI in multi-brand retail opens the way for financial sector reform bills to be taken up in Parliament next week, Parliamentary Affairs Minister Kamal Nath said on Friday.

• NCP hesitant to implement FDI in Maharashtra

  The Nationalist Congress Party (NCP), a key ally in the UPA government, stoutly defended the government on its decision to allow investment in multi-brand retail during the Lok Sabha debate and voted in favour of the reform policy. But it is not convinced enough to support its implementation in Maharashtra, the state that it co-governs with the Con...

• NCP opposes FDI in Maharashtra, writes to Prithviraj Chavan

  After debating the contentious issue of Foreign Direct Investment or FDI in multi-brand retail in Lok Sabha for two days, the government on Wednesday won a vote on the reform in the Lower House.

• India's economic reforms face test with parliament vote

  The government's stuttering economic reform programme faces a key parliamentary test this week on whether to let foreign supermarket chains such as Wal-Mart Stores set up shop, in a vote that could pave the way for further measures to revive the economy.

• FDI in retail debate: Government made no attempt towards consensus, says BJP

  The Lok Sabha convened at 2 pm on Tuesday not to begin debating Foreign Direct Investment in multi-brand retail, but to uproar over the opposition demand that some amendments sought in the Foreign Exchange Management Act or FEMA be separated from the FDI debate. The Speaker ruled that the two could be debated together and the BJP's Sushma Swaraj fi...

• Government preps for FDI vote: what happened at cabinet meeting

  At a cabinet meeting last evening, sources say the focus was almost exclusively on the strategy to win the vote, which is non-binding, but has major implications for the government. If it loses the vote, the opposition may increase pressure to roll back the reform, a possibility the Prime Minister has ruled out in the past. Losing the vote will a...

• Debate but no vote on FDI: What PM may pitch at BJP dinner

  Ahead of what promises to be a stormy winter session in Parliament, Prime Minister Manmohan Singh is reaching out to the Opposition. The PM will meet top BJP leaders Sushma Swaraj, Arun Jaitley and LK Advani at a dinner meeting tonight. This comes a day after a dinner hosted by the PM where the Congress consulted its allies on its strategy for stee...

• Films with suspense do well: Karunanidhi won't commit to support for FDI

  The government's main ally, the DMK, has refused to commit to whether it will back the Prime Minister when the politically contentious reforms in retail are put to a vote in Parliament.

• India retail reforms face broad alliance of foes

  The ruling Congress party has rolled out its big guns to defend the move to let the likes of Walmart set up shop in India, but they are confronting an alliance stretching across the political spectrum.

• Economic decisions like FDI in retail good for country, asserts PM Manmohan Singh at Congress' mega rally

  Prime Minister Manmohan Singh today made a strong defence of his economic reforms at a show-of-strength rally of the Congress workers at the Ramlila Maidan in Delhi today. He also spoke of his party's fight against corruption, but warned that this shouldn't hold up decision making in government.