-The Hindu FDI cap in insurance raised to 49%; foreign investment in pension sector allowed; new Companies Bill 2011 cleared Notwithstanding the strong opposition to its reforms agenda, the Manmohan Singh government on Thursday pressed ahead with more big-ticket reforms, raising the FDI cap in the insurance sector to 49 per cent, opening up the pension sector for foreign investment and clearing the Companies Bill, 2011. It also approved amendments to the...

-PTI In another round of big-ticket reforms, the Union Cabinet will consider on Thursday raising the FDI cap in insurance sector to 49% and opening the pension sector to foreign investment besides creation of a National Investment Board. The Cabinet will also consider a number of other crucial measures like giving more powers to commodity market regulator FMC, Competition Bill to bring all sectors under Companies Act, and model tripartite agreement for operationalising...

The Bill to regulate medical education and govern human resource in health is a highly diluted version of the original draft. Distortions in the area of Human Resource for Health (HRH) are the root cause of many of the ills facing the health sector in India. Among them is the shortage of qualified medical professionals. The estimated density of 19 health workers (qualified and unqualified) per 10,000 population is nearly 25...

Sitamarhi, June 16: The Union rural development ministry has approved construction of 6,000km road in Bihar under Pradhan Mantri Gram Sadak Yojana (PMGSY) during the current financial year at a cost of Rs 3,200 crore. Union rural development minister Jairam Ramesh made this announcement after a review meeting with officers at Sitamarhi circuit house today. The minister, who is on a two-day visit to the state, told reporters that the ministry...

Desired outcomes can be reached through a series of ‘imperfect’ small initiatives What is to be done? How can we untie the Gordian knot that has so entangled the political economy of petroleum product prices? This is the question that now exercises our most experienced politicians and our ablest economists. Most well informed people know that a country that imports 80 per cent of its oil requirements cannot de-link itself from the...