-The Economic Times The oil ministry may raise prices of diesel by Re 1 a litre or that of cooking gas by Rs 100 to neutralise the impact of its plan to increase the supply of subsidised cylinders to households, government officials said. "A Re 1 hike in diesel prices would generate about Rs 8,000 crore a year, which is sufficient for three additional cylinders in a year. About Rs 100 hike...

-PTI Chidambaram’s proposal to fast track projects approved after renaming Seeking to remove investment bottlenecks and promote growth, the government on Thursday decided to set up a Cabinet Committee on Investment (CCI) to accord single-window approval to mega projects of over Rs 1,000 crore. CCI will be headed by the Prime Minister. “The proposal to set up the Cabinet Committee on Investment, headed by Prime Minister, to fast track mega projects of over...

-The Business Standard Why the hue and cry over Walmart? Many of India Inc's big ones are no strangers to lobbying in the US  There is a very fine line that separates lobbying from bribery, and there are diverse opinions on what kind of influential pressure on lawmakers qualifies as acceptable, and what doesn't. Quite clearly, bribery is illegal and unacceptable, there is nothing wrong in lobbying per se -- at least...

-The Indian Express FDI in retail will bring competition to non-tradable services, and make Indian firms globally competitive India removed barriers to trade in goods in the 1990s. Removing protection brought global competition and raised productivity. But introducing global competition in services is harder. In certain services that are tradable, like legal or financial services, the removal of trade barriers can introduce competition and increase productivity. But these often involve complicated and...

-Outlook The Cabinet Committee on Economic Affairs (CCEA) today approved a urea investment policy that is likely to incentivise fertiliser firms setting up new plants and expanding existing capacity. India imports over 30 per cent of urea requirement and the policy aims at reducing that. But, it is unlikely to have any impact on existing prices. "The new urea investment policy has been cleared," sources said after the CCEA meeting here. The policy, which...