-The Indian Express   Even as the UPA’s effort to introduce 51 per cent FDI in multi-brand retail fell on its face, the proposal to allow 100 per cent FDI in single-brand retail is through. Just before the finance minister goes to the US to speak to investors, this decision is something of a face saver. The department of industrial policy and promotion formally announced the decision, with the condition that in...

Has India done a China to its trade partners? Against huge opposition and popular discontent over the years, the Cabinet last week cleared 51 per cent foreign direct investment (FDI) in multi-brand retail and allowed 100 per cent FDI in single-brand retail. The move appears crafty in that it tries to change the perception of a reform impasse in the government while simultaneously aiding India’s negotiators to meet their peers...

-The Economic Times   The row over opening up of the retail sector escalated on Monday with Congress' Kerala unit backing the rollback demand of 12 Opposition-controlled state governments and UPA allies DMK and Trinamool Congress.  The fissures within the ruling alliance and the potential of the issue to bring disparate Opposition groups together saw Congress president Sonia Gandhi intervening to cut political losses for her party. Sonia, who held consultations with Prime...

-The Telegraph   Oil companies today announced the first cut in petrol prices since deregulation in June last year, citing global changes but gifting Mamata Banerjee a political victory. The petrol price will go down in Calcutta by Rs 2.31 a litre to Rs 70.84. “We had gained Rs 1.85 per litre, excluding all taxes, since the last price revision because of a fall in global oil rates and a marginal appreciation in rupee...

In this Idea Exchange moderated by Senior Editor Archna Shukla, I&B minister Ambika Soni speaks about self-regulation by the media, empowering the Press Council of India and the Congress party’s stand on corruption Archna Shukla: There is a growing perception that the government is unhappy with media criticism. The editor of a leading English daily publicly claimed that government advertisements have been stopped to his publication. Is the government being vindictive? I have...