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After Larry A. Silverstein, the developer, was shown the retail proposal yesterday, he was said by a spokesman to have been "impressed with what he saw".
The retail proposal, proponents say, could improve the lot of the more than a half billion Indians still tied to the land, by improving the supply system from farms to consumers.
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The properties have been the subject of dispute for years over proposed development projects, including a Wal-Mart retail store proposal in the early 1990's.
This is potentially exacerbated by other regulations, such as Britain's ring-fence of retail banking and proposals in the rest of Europe to cordon off wholesale banking.
"The latest retail price cap proposals demonstrate acceptance by politicians and regulators that roaming charges are an unjustified imposition on consumers and a stealth tax on cross-border trade which relies increasingly on mobile data communications," said Mr. White, the executive vice president of the International Telecommunications Users Group.
Among the specific proposals, retail funds would be required to keep at least 5percentt of their assets in cash, Treasury securities or assets that could be converted into cash within one day, while at least 15percentt of assets would have to be readily convertible to cash within one week.
Under the proposal, large retail outlets with a rateable value in excess of £500,000 would have to pay an extra business levy of up to 8.5%.
"This has always been more rural in feeling, even if not in reality," said Cecilia Cilli, a 37-year resident who recently organized a citizens' group called Meyersville411 in response to a retail and residential development proposal she fears may change that.
An independent commission will be set up to consider Lib Dem proposals to separate retail and investment banking and the Tories' proposals for a quasi separation.
Under the proposals, any retail banking operations would have to be run as a subsidiary of the larger banking group.
Marilyn Back, whose family owns two properties there that house retail stores, said the proposals have caused owners on the block to wonder whether they should try to sell their properties before redevelopment plans are completed.
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