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Delhi re-tests FDI waters

-The Telegraph The Centre has renewed efforts to forge a consensus on allowing foreign direct investment in multi-brand retail by writing to all chief ministers, seeking to drive home the urgency against the backdrop of grim economic data. “Letters have been written to all chief ministers to build consensus to open up the multi-brand retail sector to FDI,” a commerce ministry official said. The statement came a day after the country posted its...

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'Predicting poll results in India is tough'-Allan J Lichtman

-The Economic Times Allan J Lichtman's answers are BRIef and to the point. But by force of habit, he seems to love questions - he answers them animatedly, like professors who are used to keen listeners. This energetic American University professor of history is the one who has predicted correctly the results of all US presidential polls since 1984. "I have always been anxious," says he of the mood in the run-up...

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Anna Hazare, Baba Ramdev to fast in Delhi tomorrow

-PTI In their first joint appearance on a public platform in the past one year, Anna Hazare and yoga guru Ramdev will sit on a day-long fast here tomorrow in a bid to intensify their anti-UPA protests. Tomorrow's protest at Jantar Mantar is also likely to see Ramdev announcing his strategy with regard to the 2014 General Elections. The one-day fast to demand BRInging back blackmoney stashed away abroad and against corruption and...

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Almost 21 million people worldwide are victims of forced labour, UN finds

-The United Nations Almost 21 million people worldwide are trapped in jobs into which they were coerced or deceived and which they cannot leave, according to new estimates released today by the United Nations labour agency. Released by the International Labour Organization (ILO), the 2012 Global Estimate of Forced Labour found that the Asia-Pacific region accounts for the largest number of the 20.9 million forced labourers in the world – 11.7 million,...

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Government to cut its expenditure, launch austerity drive

-IANS Facing a slow-down in the economy, the government has launched an austerity drive to reduce expenditure, banned new posts and meetings in five-star hotels besides restricting foreign travel. The finance ministry, which issued the office memorandum on "Expenditure Management - Economy Measures and Rationalisation of Expenditure" Thursday also asked all ministries to reduce non-Plan expenditure by 10 percent in 2012-13. "There will be a total ban on holding of meetings and conferences...

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