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1、NationwideStrikeHitsIndia’sTeemingCitiesSeptember202012TimeIndiaisintumultafterthegovernmentpassedrefmsthatcutcertainsubsidiesloosenedupcontrolsonfeigninvestmententeringthecountrypavingthewayfbigmultibrretailchainslikeWa

2、lmartenteringthemarket.AllieshavethreatenedtoabonIndianPrimeMinisterManmohanSingh’srulingcoalitionwhileoppositionpartiesactiviststookpartinanationwidestrikeagainsttherefmsonSept.20thatsawprotestsarrestsinmanyofIndia’smaj

3、metropolises.WithKeyAllyPoisedtoExitCanIndia’sGovernmentSurviveLastweekseconomicrefmswhichincludedplanstoallowbigretailchainslikeWalmartintoIndiamaynowcollapsethegovernmentfceearlyelectionsByKristaMahr|September192012Tim

4、eIndia’sembattledgovernmentdescendedintodeeperuncertaintyonWednesdayafterakeyallyannouncedplanstopulloutofthecoalitionpotentiallyleavingtherulingUnitedProgressiveAlliance—ofwhichIndianPrimeMinisterManmohanSingh‘sCongress

5、partyistheprimemover—inaparliamentaryminity.TrinamoolCongress(TMC)leaderMamataBanerjeeannouncedthenewsontelevisiononTuesdaynightcitingfierceobjectionstolastweek’sspateofeconomicrefmsincludingahikeindieselpricesacaponhowm

6、uchsubsidizedcookinggasismadeavailabletothepubliceasingthewayfmultibrfeignretailerslikeWalmarttheU.K.’sTescotosetupinIndiaItwasamasterfulpieceofprimetimetheaterthatsenttheUPAleadershipintoahuddletoday.ItalsothrustBanerje

7、eafierypopulistwhohasbeengettingsomeunflatteringpressfherstrongreactionstocriticisminrecentmonthsbackintothecenteroftheaction.LastyearthemercurialchiefministerofWestBengaldominatedthepoliticallscapewhenshefirstthreatened

8、toleavethecoalitioninresponsetotheproposedeconomicrefmswhichwouldhaveloosenedcontrolsonfeigndirectinvestment(FDI).InthatinstanceCongressleadersIndustry(FICCI)atapressbriefingtoday.Butthatmoodwillchangeagain—fast—ifitisfo

9、llowedonlybymeinstability.“We’renaturallyconcernedthatgridlockwillprevent[furtherrefms]”Kaniasaid.SomeindustryfriendlymeasuresthegrouphasbeenadvocatingrequireparliamentaryapprovalincludingchangestoIndia’spensionfundthatc

10、ouldfreeupcashflowfinvestmentininfrastructure.Thathasalreadybeenstalleditseemsevenmeunlikelytomovefwardnow.Thesocalled“monsoonsession”ofParliamentthatrecentlyadjournedwasamongthemostcontentiousunproductivesincetheUPAwasr

11、eelectedin2009.OnlyahfulofbillswerepassedtheMPs’daysofdeliberationconvulsedintoshoutingmatches.Thecoalitionwasn’tenjoyingparticularlygoodhealthbefethisweek’supset.Itmayverywellsurvivetheupheavalbutgoverningonlifesupptisn

12、otgoingtowinalotofvoteswhenelectionsdocomearound.HowtheEntryofWalmartBigRetailChainsWillChangeIndiaTheIndiangovernmentsdecisiontoopenupitsretailsectwillhavefarreachingconsequencesfitsbillionpluspopulationByJyotiThottam|S

13、eptember182012TimeHasManmohanSinghgothismojobackTheIndianPrimeMinisterhasrecentlysufferedtheindignityofbeingcalled“overwhelmedoutofsteam”intheIndianmagazineCaravana“ditheringineffectualbureaucrat”bytheWashingtonPostan“un

14、derachiever”onthecoverofTIME.yettherehewasonSept.14boldlypushingamajeconomicrefmthatwouldopenupIndia’svastretailmarkettogreaterparticipationbyfeigncompanies.Singhtriedthesamemovelastfallonlytobeshouteddownbypopulistswith

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