Bill will come up for discussion in the Cabinet on Monday, says K.V. Thomas Even as the Communist Party of India (Marxist) on Friday said the proposed National Food Security Bill was “unacceptable,” Minister of State for Food K.V. Thomas indicated that legislation was coming up for discussion in the Cabinet on Monday. The CPI(M) has demanded the removal of the linking of entitlements to reforms in the public distribution system from...

Lack of adequate credit - the lifeblood for any company is threatening to derail fledgling attempts by hundreds of dalit entrepreneurs to overcome deep socio-economic barriers and break into mainstream business.  Without credit, such entrepreneurs would also struggle to cash-in on the Rs 7,000-crore business opportunity opened up by the central government's new dalit-friendly sourcing plan, unveiled last month.  Credit disbursements to dalit entrepreneurs through 20-odd schemes run by the Ministry of...

-Reuters   India's growth story is still "credible" and the move to open up the economy to global supermarket chains will help growth and control inflation, RBI governor Duvvuri Subbarao said on Friday. "It's commendable that government has taken the initiative. Let's hope that it will improve the logistics chain and supply chain management in agriculture," Subbarao said in a speech in Chandigarh. Late Thursday, the government approved 51 percent foreign direct investment in...

Planning Commission, RBI officials hold brainstorming deliberations with experts With the persistent near double-digit headline inflation, despite sustained increases in key policy rates by the Reserve Bank of India, turning out to be “a frustrating experience for policymakers,” senior officials from the Planning Commission, the Finance Ministry and the RBI met with a group of academic economic experts and representatives of the International Monetary Fund (IMF), the World Bank and the...

It is the 21st century version of the classic rabbit and tortoise story. Last weekend, a group of cyclists decided to race against Jet-BlueAirlines in Los Angeles when one of its busiest highways was shut down for construction and renovation. To help people get across the town fast, JetBlue started a special flight service. A group of cyclists decided to challenge the airlines to a bikeversus-airlines race. It turned out...