-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...

-The Hindu   A Central team of the National Rural Health Mission (NRHM) has praised the implementation of various health care and nutrition schemes in Rajasthan and expressed hope that the constant decline in infant and maternal mortality rates would help improve the status of health indicators in the State. The 12-member team, divided into two sub-groups, visited Chittorgarh and Barmer districts and reviewed the progress of initiatives taken under the NRHM, mid-day...

The govt has thus rejected the recommendation of the parliamentary standing committee on finance that the 26% FDI cap be a part of the Bill The cabinet on Wednesday cleared amendments to the Pension Fund Regulatory and Development Authority Bill, 2011, capping the overseas investment limit in the sector at 26%, but retaining the flexibility to raise this limit by stating that it would not form a part of the legislation. The...

Private school admissions may soon see a sweeping change if the government has its way after notifying rules under the Right of Children to Free and Compulsory Education (RTE) Act. While the government plans to ensure 25% reservation for underprivileged children by assigning officials to closely monitor the admission process in all schools, including unaided private institutions, a proposal to impose a firstcome-first-served rule may do away with preferential admissions...

The spurt in farm credit by commercial banks, including regional rural banks, has interestingly not led to any let-up in distress in the agrarian economy -- a mystery that continues to baffle academics, policy planners and, more recently, bankers Last week, a clutch of bankers and policy wonks gathered in Bangalore to review recent trends in farm credit. On the face of it, credit to the farm sector is on an...