-The Economic Times   The Congress-led government has tried to reach out to Other Backward Communities (OBCs) by drastically relaxing the definition of 'creamy layer' and including those with an annual income of Rs 12 lakh in metros eligible for job reservations. The eligibility level in non-metros will be an annual income of Rs 9 lakh.  The existing ceiling for this is an annual income of 4.5 lakh. The National Commission for Backward...

The govt has thus rejected the recommendation of the parliamentary standing committee on finance that the 26% FDI cap be a part of the Bill The cabinet on Wednesday cleared amendments to the Pension Fund Regulatory and Development Authority Bill, 2011, capping the overseas investment limit in the sector at 26%, but retaining the flexibility to raise this limit by stating that it would not form a part of the legislation. The...

-Economic and Political Weekly   The media does need to look at its nexus with business interests; injured innocence will not do. Recent remarks by the new chair of the Press Council of India, Justice (retired) M Katju, have sparked off some-thing of a debate in the media. Katju’s comments on the intellectual capabilities of journalists and his low opinion of their abilities have predictably led to indignant protestations by media bodies. But...

At BANCON (annual bankers' conference) 2011 in Chennai, financial institutions explored avenues for greater participation in agriculture and rural development. There are a few areas in need of additional attention and investment. Green Revolution technologies are scale-neutral but not resource-neutral. Inputs are needed for output; therefore market-purchased inputs become important in providing soil and plant healthcare for higher yields. Social scientists point out that small and marginal farmers will be excluded...

-The Hindu   As the head of the largest trade union federation, Sharan Burrow represents the face of the worker at the high-tables of the world. Ms Burrow is the general secretary of the International Trade Union Confederation (ITUC), which represents 175 million workers in 153 countries. Ahead of this week's G20 Summit in Cannes, Ms. Burrow has, in meetings with the International Monetary Fund (IMF) and European leaders, warned of the...