Most developing countries have a love hate relationship to foreign investment. They love the jobs that it creates, the technology that it accompanies, the additional choices that it provides, and the local millionaires/billionaires it creates through creative phased restrictions. On the other hand, since many developing countries have a colonial heritage, and cash is concentrated amongst developed world MNCs, the host are wary of it. The more nationalistic elements within a country...

-The Times of India In a follow-up action to the scathing CAG report on the sub-standard foodstuff and rations being provided to soldiers, the parliamentary public accounts committee (PAC) is said to have blasted the defence establishment and the Army for "deep-rooted and widespread malpractices". The PAC report, expected to be tabled in Parliament soon, conducted a detailed examination of last year's CAG report that punched several gaping holes in Army's entire...

The much-awaited National Food Security Bill, 2011, which makes cheaper foodgrains a legal entitlement to 63.5 per cent of the country's population, was tabled in the Lok Sabha on Thursday. The Bill was introduced by Food Minister K.V. Thomas in the presence of Congress president Sonia Gandhi, who has been keen on ensuring that the law is enacted. It seeks to “provide food and nutritional security by ensuring access to adequate...

-ANI On one hand where cold weather and fog has disrupted normal life and brought the traffic on the road to a virtual halt, farmers in Amritsar were happy with the weather as it is proving beneficial for the standing wheat crop. Farmers said that the decline in mercury and widespread fog in various parts of the state has lightened up the prospects of good production of wheat this year. "The fog is...

U.P.'s GDP grew at 7.28 per cent in the past five years, but the State ranks low in virtually every area of socio-economic development. IF statistics on gross domestic product (GDP) are the only criteria to evaluate the performance of a government, the Mayawati-led Bahujan Samaj Party (BSP) government in Uttar Pradesh will have to be rated as one with highly impressive credentials. For, India's most populous State has recorded a...