-PTI In another round of big-ticket reforms, the Union Cabinet will consider on Thursday raising the FDI cap in insurance sector to 49% and opening the pension sector to foreign investment besides creation of a National Investment Board. The Cabinet will also consider a number of other crucial measures like giving more powers to commodity market regulator FMC, Competition Bill to bring all sectors under Companies Act, and model tripartite agreement for operationalising...

-The Telegraph A panel of Union ministers today finalised a market-based drug pricing policy that public health experts say cold-shoulders concerns expressed by the health ministry and threatens to legitimise high prices for medicines. The policy finalised by the group of ministers (GoM), led by Sharad Pawar, will apply to 348 essential drugs to cover virtually all common ailments — from painkillers and antibiotics to asthma medications and drugs against high blood...

-The Times of India Keeping the festive season in mind, the Manmohan Singh government, which is on a reforms-fiscal correction mode, hit the pause button on Monday, deferring a decision on scrapping subsidy on levy sugar under the public distribution system (PDS) quota. Removing the subsidy would have meant a steep hike in the price of the commodity to Rs 23 per kg from Rs 13.50/kg. The relief is expected to last...

-The Telegraph The rural development ministry has claimed that an amended version of the land acquisition bill has taken into account concerns of industry though several cabinet ministers had blocked it last month fearing it would stall industrialisation. In a note last week to all members of a Group of Ministers (GoM) on the bill, the ministry said the revised draft had relaxed key provisions, including consent norms for acquisition of land...

-NDTV The Union Cabinet is expected to meet this evening to consider a 7 per cent hike in the Dearness Allowance (DA) of Central government employees. Once approved, it will benefit over 52 lakh government employees. The Cabinet will also take a decision on computerisation of the Public Distribution System (PDS). A Food Ministry proposal seeks to digitise ration cards and fully computerise the PDS network especially at the back-end. Also, a bailout package...