-The Telegraph   The Trinamul Congress will oppose foreign direct investment (FDI) in retail and pension funds as well as changes in rules that will allow foreign airlines to invest in Indian carriers. Mamata Banerjee has instructed her sole member of the cabinet — railway minister Dinesh Trivedi — to oppose the retail proposal at tomorrow’s cabinet meeting, the minister confirmed today. The Trinamul roadblock is being seen as an attempt to reaffirm its...

The floodgates have opened on a movie ominously titled DAM999, which some political parties in Tamil Nadu feel is toeing the line of neighbouring Kerala in a dispute between the states. A section of Tamil Nadu politicians feels the movie, produced and directed by a Malayali businessman, relates to the controversy around the 116-year-old Mullaperiyar dam in central Kerala. Tamil Nadu holds the lease rights to the dam for 999 years...

Recent events in south Asia have led to an unexpected reversal in the narrative of microfinance, long presented as a development success. Despite charges of poor treatment of clients, exaggeration of the impact on the poorest as well as the risks of credit bubbles, the sector can play a non-negligible role in reaching financial services to low-income households. In regulating the sector, there is need for caution in setting interest...

-The Telegraph   The government has listed the Lokpal bill for discussion and passage during the winter session of Parliament but has failed to line up the land acquisition bill though an unscheduled introduction is not ruled out. Both bills had gone to House standing committees around the same time after the monsoon session of Parliament, and both hold electoral significance for the Congress. Failure to get the Lokpal bill passed in the November...

After being mired in controversies across the nation over multi-crore scams, the MGNREGA scheme hasn’t quite made headway in Bulandshahr district’s Anupshahr yet, say Bhamati Sivapalan and Yamini Deenadayalan “MGNREGA is a flop in Uttar Pradesh,” extended NGO worker Manish Sharma, as small talk, at the block development office of Anupshahr in the Bulandshahr district of Uttar Pradesh. Despite having been in force since 2005, the Mahatma Gandhi National Rural Employment...