-Outlook The Union Cabinet today cleared the proposal to set up Cabinet Committee on Investment under the Chairmanship of Prime Minister Manmohan Singh to accord expeditious approval to projects of over Rs 1,000 crore. "The proposal to set up the Committee to fast-track mega projects of over Rs 1,000 crore was cleared", sources said. The high-powered body for giving speedy clearance to infrastructure projects was initially mooted by Finance Minister P Chidamabram. He...
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Walmart lobbyist was hired by India for n-deal-Shubhajit Roy
-The Indian Express Patton Boggs, one of the lobbying firms which represented global retail chain Walmart, was hired by the Indian embassy in the US in 2008 to help clinch the India-US nuclear deal. News of Walmart spending Rs 125 crore in the last four years to lobby with US lawmakers disrupted the Rajya Sabha Monday, with MPs alleging that the company had indulged in corruption to enter India. Patton Boggs’s web site...
More »As farmers suffer, NABARD offers soft loans to corporates-Shalini Singh
-The Hindu Private companies get loansat 6.5% with additional cash refunds; for farmers it is 7% The National Bank for Agriculture and Rural Development (NABARD), which is dedicated to promoting rural development by providing soft loans to State governments for social sector projects, has given hundreds of crores as loans to corporates on concessional terms. In the Union Budget of 2011-12, Rs. 18,000 crore was allocated by the Centre to NABARD’s Rural Infrastructure...
More »Horrific Bangladesh factory fire revealed a gap in safety for global brands-Jim Yardley
-The New York Times ASHULIA, BANGLADESH: The fire alarm shattered the monotony of the Tazreen Fashions factory. Hundreds of seamstresses looked up from their machines, startled. On the third floor, Shima Akhter Pakhi had been stitching hoods onto fleece jackets. Now she ran to a staircase. But two managers were blocking the way. Ignore the alarm, they ordered. It was just a test. Back to work. A few women laughed nervously. Ms....
More »Chhattisgarh govt pays for all TV news that is fit to buy-Ashutosh Bhardwaj
-The Indian Express Raipur: In May 2010, Hindi TV channel Sahara Samay presented a five-point proposal to the public relations department of the Chhattisgarh government about covering government activities during 2010-11: 1. Two-minute special package: Sahara Samay will show the package 15 times a day during news bulletins. It will contain “CM’s speeches, government policies, and special news related to various departments.” Cost: Rs 3.28 crore per year at Rs 3,000 per...
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