India's decision to open up retail markets will revolutionize the shopping behavior of Indian's - some people are happy, but many fear the consequences. Definitely this move is not without opposition in parliament.
Big giants like Tesco, Walmart and Carrefour have opened in many countries across the world, including in China, Russia and Brazil. Until now, in India; they were not allowed to sell directly to shoppers - but all that is set to change.
Economist Mohan Guruswamy of the Centre for Policy says "The average Wal-Mart store will displace 11,200 people and replace them with 285 people. That's our calculation in a study that we have done" ; which will affect the poor people.
"We have a policy which is distinct and different. This policy is specific to India's complexities, social structures and needs of our people."
The policy is an executive decision and does not need parliament's approval.
Friday, November 25, 2011
Wednesday, November 23, 2011
Tata Group Successor | Tata - Part of Indian Life!
The 143-year-old TATA group has more than 100 companies in more than 80 countries, employing 425,000 people with a value of about $98bn, and has interests including telecoms, engineering and science.
RM Lala, (written a book on the Tata group), said he was "a little surprised" by Mr Mistry's appointment. He said "I expected a Tata name to be there. But if the new successor sticks to Ratan Tata's principles, it won't affect the group,".
Tata Steel, for example,
The first company began the eight-hour work day for employees in 1912, long before the US or Europe,
Introduced leave with pay in 1920, (it became law in India after 25 years)
Provident fund introduced for employees in 1920, (it became law in India after 32 years).
In India; when you wake up; you may drink tea of Tata Brand, you may make calls using mobile phone (of Tata's) and take a sedan (of Tata's) or take a Tata bus to work. Your home kitchen may be stuffed with goods produced by Tata or its subsidiary companies. Your house may be powered by Tata electricity. Your kids or grand children may be employed in Tata Companies or your kids may be going for higher studies at a social science or science school run by the Tata's. Also there is a big chance; you will be wearing costumes sold by Tata. Your family may be watching Tata-sky; also there are possibilities you may go-to Tata Hospital when you fall sick.
There is no other Indian business conglomerate which quite dominates the lives of Indians the way Tata Group does.
Tata Group acquired Jaguar, Land Rover, Chorus, hotels in US and plotted a coffee plant in Uganda.
Build a new undersea submarine cable linking India, the Middle East and Western Europe. Signed deal with China's software company in collaboration with the Chinese government and Microsoft.
For now, Only few companies in India or Asia can match Tata for the range of goods and services it offers.
RM Lala, (written a book on the Tata group), said he was "a little surprised" by Mr Mistry's appointment. He said "I expected a Tata name to be there. But if the new successor sticks to Ratan Tata's principles, it won't affect the group,".
Tata Steel, for example,
The first company began the eight-hour work day for employees in 1912, long before the US or Europe,
Introduced leave with pay in 1920, (it became law in India after 25 years)
Provident fund introduced for employees in 1920, (it became law in India after 32 years).
In India; when you wake up; you may drink tea of Tata Brand, you may make calls using mobile phone (of Tata's) and take a sedan (of Tata's) or take a Tata bus to work. Your home kitchen may be stuffed with goods produced by Tata or its subsidiary companies. Your house may be powered by Tata electricity. Your kids or grand children may be employed in Tata Companies or your kids may be going for higher studies at a social science or science school run by the Tata's. Also there is a big chance; you will be wearing costumes sold by Tata. Your family may be watching Tata-sky; also there are possibilities you may go-to Tata Hospital when you fall sick.
There is no other Indian business conglomerate which quite dominates the lives of Indians the way Tata Group does.
Tata Group acquired Jaguar, Land Rover, Chorus, hotels in US and plotted a coffee plant in Uganda.
Build a new undersea submarine cable linking India, the Middle East and Western Europe. Signed deal with China's software company in collaboration with the Chinese government and Microsoft.
For now, Only few companies in India or Asia can match Tata for the range of goods and services it offers.
Saturday, October 22, 2011
Col. Muammar Gaddafi has been killed
Col Gaddafi and a handful of his men managed to escape on foot and sought refuge in two large drainage pipes filled with rubbish. Rebel forces then closed in.
Col Gaddafi was captured at around noon.
al-Jazeera news channel broadcast footage showing the dazed and wounded Col Gaddafi gesticulating while being man-handled by rebel fighters.
Mahmoud Jibril, the NTC prime minister, confirmed the news that Col Gaddafi was dead, saying: "We have been waiting for this moment for a long time. Muammar Gaddafi has been killed."
So, eight months after the Libyan revolt began, seven months after Nato sent in the warplanes and two months after the fall of Tripoli, Muammar Gaddafi is dead.
how Libya's former leader died remains unclear?
This was always the Libyan people’s fight.
Col. Muammar el-Qaddafi of Libya died as he lived — violently!
Col Gaddafi was captured at around noon.
al-Jazeera news channel broadcast footage showing the dazed and wounded Col Gaddafi gesticulating while being man-handled by rebel fighters.
Mahmoud Jibril, the NTC prime minister, confirmed the news that Col Gaddafi was dead, saying: "We have been waiting for this moment for a long time. Muammar Gaddafi has been killed."
So, eight months after the Libyan revolt began, seven months after Nato sent in the warplanes and two months after the fall of Tripoli, Muammar Gaddafi is dead.
how Libya's former leader died remains unclear?
This was always the Libyan people’s fight.
Col. Muammar el-Qaddafi of Libya died as he lived — violently!
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