The Rs.3,884-crore package for the handloom sector, which includes one-time waiver of overdue loans and interests, approved by the Union Cabinet, is expected to benefit about 3-lakh weavers and 15,000 cooperative societies, which would have access to institutional credit once again. However, the package will benefit only those who took loan before March 31, 2010. “There would be many weavers who had no access to institutional credit in the past and...

The Chhattisgarh High Court has directed that no further action be taken towards granting environmental clearance to a coal mine operated by DB Power Ltd, a subsidiary of DB Corp, one of India's largest media corporations. The respondents have been given three weeks to reply. A writ petition filed in the court accuses the company of adopting “deliberate, illegal and manipulative” measures to influence the outcome of a public hearing held...

-The Hindu   This is a major step towards providing liberation to farmers, says Sharma Ridiculing claims that opening of foreign direct investment (FDI) in multi-brand retail will lead to displacement and unemployment, Union Commerce and Industry Minister Anand Sharma on Friday asserted that this bold move would lead to creation of 10 million jobs and billions of dollars in investments during the next three years. Brushing aside the criticism by the Opposition parties,...

Indian suppliers must be units with investment up to Rs 1.25 cr, says draft before cabinet. Multinational retailers such as Walmart, Tesco and Carrefour looking to open stores in the country may have to source almost a third of their merchandise from small Indian manufacturers as the government tries to make the opening of multi-brand retail to foreign players more politically palatable. The draft cabinet note for permitting 51 per cent foreign...

Fourteen-year-old Shafat Ahmad works as a domestic helper in the house of a Srinagar-based government employee in Kashmir. His younger sister embroiders shawls in an unregistered textile venture in her native village of Beeru. "When my father first brought me here, my employer promised to send me to school," Shafat told IPS. Though he is keen to pursue his education, he has yet to attend a single class. The Ahmed siblings' story...