In its bid to push investments and revive growth, the Union Cabinet on Wednesday eased FDI or foreign direct investment norms in four sectors. Allowing 100 per cent foreign investment in coal mining as well as contract manufacturing, the government also removed restrictions that made it difficult for foreign brands to conduct business in the country. Analysts say the relaxation of FDI norms is a positive move for global giants such as Apple and IKEA, which are likely to find India a more lucrative market.
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Many are united only in their common desire for fair elections, free speech and political rights. Intentions here, and truly free elections in such countries as Egypt and Saudi Arabia could usher in parties sharply at odds with the United States. At the same time, Bush’s message has offered a measure of comfort to street activists, who believe that crackdowns will be harder to carry out now that the United States is watching..
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