-FirstPost.com It's a daily scene at the busy Gariahat crossing in Kolkata. Traffic is barreling down in all directions. Minibuses make screeching right turns at breakneck speed. The tramline in the middle of the street has been dug up and is a giant crater occupying half the road, marked by corrugated metal walls and little red flags. Taxis and autos dodge buses to try and squeeze by the construction onto a...
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Low-end wart in FDI in research -GS Mudur
-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...
More »CVC recorded 113% rise in graft-related plaints in 2012 -Josy Joseph
-The Times of India NEW DELHI: Reflecting the larger national mood against corruption, the Central Vigilance Commission (CVC) saw a staggering jump of over 110% in the number of complaints received by the integrity institution last year. "The Commission received more than 37,000 complaints during 2012 as compared to 17,407 complaints in 2011 which is 113% more than that of previous year," says the annual CVC report. Among them were over...
More »Growth slowest in four years
-The Telegraph The Indian economy grew at just 4.4 per cent in the first quarter ended June 30 - its slowest pace in four years. The grim figure deepened worries for the UPA government, which has been battling criticism over its failure to halt the slide in the rupee, cap deficits, ignite growth and slam the lid on inflation. The tepid growth had been anticipated with finance minister P. Chidambaram acknowledging a few...
More »Amid slugfest with BJP, PM hints at hiking fuel prices, curbing gold imports
-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...
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