-The Economic Times NEW DELHI: Prime Minister Manmohan Singh's drive to revive investor sentiment by fast-tracking large stalled projects through the Cabinet Committee on Investments (CCI) and a special cell under it is encouraging Indian companies as well as big foreign investors such as Shell, Cairn India and Dell to knock on the government's door for urgent help. Over 250 projects worth Rs 11 lakh crore are now being considered by the...

-The Telegraph New Delhi: Foreign corporations have created over 247,000 jobs through research and development (R&D) investments in India over the past decade, but most of the activities appear relatively unimportant with little long-term gains , researchers have said. The study, described as the first comprehensive assessment of foreign direct investment (FDI) in R&D, has challenged suggestions by Indian science policy makers and foreign corporations a decade ago that turning India into...

-The Times of India NEW DELHI: The Prime Minister on Friday called for a political consensus on "more difficult reforms", indicating that the government was considering a cut in fuel subsidy, which would mean higher petrol and diesel prices, and bringing in measures to curb gold imports. Making a statement in the Lok Sabha on the current economic situation, Manmohan Singh admitted that the current account deficit had gone up sharply and...

-The Hindu The move to redefine 'handloom' is in the interest of powerloom operators who will be able to corner benefits meant for weavers "Any loom, other than powerloom; and includes any hybrid loom on which, at least one process for weaving requires manual intervention or human energy for production." (The new definition of handloom proposed by Ministry of Textiles) The textile industry in India comprises three sectors - the mill, the powerloom and...

-PTI NEW DELHI: Admitting to increased stances of rejection of food consignments by EU in the last three years, government today said it is taking steps to ensure compliance with the European norms. To a question that whether reports about increase in notifications by the European Union against food exports from India due to presence of contaminants are correct, Minister of State for Commerce D Purandeswari said: "Yes". There have been an increase...