The government’s desperate race to redraft the Lokpal bill in time for passage this Parliament session has left political circles uneasy, with even some Opposition leaders conceding the dangers of lawmaking under such abnormal pressure. The Centre too is squirming at this “indecent haste”, prompted by its keenness to avoid another face-off with Team Anna. But it feels it has little choice in a political climate where “confrontationism” is giving the...

-IANS The food security bill, that seeks to legally entitle majority of India's population to cheaper foodgrains, is not sustainable as it would put further pressure on fiscal deficit and worsen inflation, an Asian Development Bank (ADB) official said on Tuesday. "While the purpose of ensuring food security to the poor is laudable, the food security bill is not the right mechanism for it," said Biswa Nath Bhattacharyay, lead professional, Asian Development...

-PTI   A strong demand was made in the Lok Sabha today for a package for the micro, small and medium enterprises, which are facing problem on account of the economic slowdown. Members from different parties made the demand while participating in a discussion on the Regulation of Factors (Assignment of Receivables) Bill, 2011. Shailendra Kumar (SP) demanded that Government should set up a special fund to help the MSME sector. Gorakhnath Pandey (BSP) said...

The central government claims that allowing foreign direct investment into India’s retail sector will benefit small farmers, expand employment and lower food inflation. What has been the experience in India with organised retail so far and what has been the global experience with FDI? Sukhpal Singh (sukhpal@iegindia.org) is currently at the Institute of Economic Growth, Delhi. After being under relentless attack for a week, the United Progressiv Alliance government was forced to...

-The Hindu   Maharashtra Deputy Chief Minister and Nationalist Congress Party leader Ajit Pawar revealed on Sunday that the State was in talks about utilising the labour under the Mahatma Gandhi Rural Employment Guarantee Scheme (MGNREGS) for agriculture, to bridge the shortage of supply of farm labour. “The State government is discussing whether it will be possible to divert the labour available under the MGNREGS to agriculture in the State, which is losing...