With the Parliamentary Standing Committee on Finance raising a red flag against the National Identification Authority of India (NIAI) Bill to grant the UID (or Aadhar) project legal status, the project looks set for a slowdown . That could have broad implications for the tech sector that had laid substantial hope on it, especially when global markets are slowing down. The UID project is estimated to offer IT companies a Rs...
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Food prices remain steady during November, UN agency reports
-The United Nations Global food prices in November were virtually unchanged from October, and 10 per cent below their peak in February, the United Nations Food and Agriculture Organization (FAO) reported today. FAO’s Food Price Index level was 215 points last month – just two points, or one per cent, above its level in November 2010, according to a news release issued by the Rome-based agency. Cereal prices dropped by 3 points, or...
More »Few details, huge subsidy in 3 versions of food Bill by Ravish Tiwari
Over two and a half years after President Pratibha Patil announced the government’s plan to enact a food security law, the Union Cabinet on Tuesday is slated to consider three separate versions of the National Food Security Bill (NFSB) for introduction in the current session of Parliament. These three versions arise out of differences between the Food Ministry and the Law Ministry over the issue of grievance redressal mechanism. The Legislative...
More »FDI in retail BJP's baby, we are trying to nurse it: Pranab
-The Times of India Taking a swipe at the BJP for not backing FDI in retail, finance minister Pranab Mukherjee on Thursday said the government was only trying to nurse the main opposition party's "baby" when it took the decision to allow FDI in retail. Replying to a debate in the Rajya Sabha on price rise, Mukherjee read from a 2004 interview of leader of opposition Arun Jaitley in which the senior...
More »Millet group demands local sourcing clause in Food Security Bill
-The Hindu Business Line The Millet Network of India (MINI), a group of associations that is promoting consumption of millets, has expressed concern about non-inclusion of local procurement provision in the latest version of the National Food Security Bill. In a letter addressed to Prime Minister, Dr Manmohan Singh and Ms Sonia Gandhi, Chairperson of United Progressive Alliance, MINI has demanded that this clause should be included again in the draft bill....
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