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Total Solar Eclipse on 22nd July Surya Utsav

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Economy
FDI in Organized Retail: a lose-lose game

15th July 2010

D. Raghunandan

The UPA government is once again attempting to completely open up the retail sector to foreign direct investment including, possibly, 100 percent FDI in organized multi-brand retail or supermarket chains. The Department of Industrial Policy and Promotion has issued a discussion paper on this subject, significantly without suggesting any upper limit on FDI. Currently, FDI is permitted up to 26 percent under the automatic route in wholesale so-called cash-and-carry operations and up to 51 percent with government approval in single-brand stores such as Nike shoes, Levi jeans or Calvin Klein readymades. These measures ...

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Last Updated on Saturday, 17 July 2010 05:27
 
Bailout For US Automobile Big-3
November 30, 2008

Bailout For US Automobile Big-3

D.Raghunandan




IT has been a while since the US Congress approved a $750 billion bail-out package aimed at pulling the US out of the biggest crisis in US and global capitalism since the great depression of the late 1920s. Whatever its original intentions, clouded by the initial blank cheque sought by George W Bush and his Treasury Secretary Henry Paulson and later by the convoluted multi-pronged approach advocated by Congress, these funds are now being use ...

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Technology: Breaking The Cycle
Prabir Purkayastha

THE current approach to the Eleventh Plan identifies that the growing interest of foreign direct investors in the economy provides a valuable method of injecting resources into the economy, upgrading our technological standards and building international partnerships which can have many positive effects. Therefore according to the Approach Paper the only measure needed for technology development is to provide world-class infrastructure and more foreign investor friendly climate. The Approach Paper is rooted in the neo-liberal model of globalisation, where autonomous development of technology is hopeless. The only hope of acquiring advance ...

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Last Updated on Monday, 12 January 2009 13:24
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The New Economy and Novel Forms of Struggle By Prabir Purkayastha

The New Economy consists of Information, Communications and Entertainment (ICE) and is assumed to be free of the constraints of the older and more traditional brick and mortar economy. While the growth of the old economy depended on tangible products and assets such as land and machinery, the new economy produces not only intangible products but also has an invisible asset base. Thus, a software companys worth is not measured by its tangible assets but from the Intellectual Property it holds. The role of labour in this economy is presumed to be minimal; along with the hype of an unconstrained growth of this economy there are also pronouncements of the end of labour.

Much of thi ...

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Last Updated on Thursday, 24 January 2013 06:51
 
Age Of Carpetbaggers By Prabir Purkayastha

The Finance Ministrys decision to treat any Foreign Institutional Investor (FII) who has a Branch office in as a Mauritius Company under the Double Taxation Avoidance Treaty with Mauritius will lead to tax loss of about Rs.3,000 crore to the national exchequer. It is surprising that the Finance Ministry should have come out with such a circular, when the Income Tax Department had rejected the claims of the FIIs and proceeded against them. This, it may be noted was at a time when the Finance Minister was refusing to roll back price increase of even PDS food grains to the people below poverty line.

Before we look at the implications of this decision, let us examine some of the fact ...

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Last Updated on Thursday, 24 January 2013 07:07
 
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