West Bengal Chief Minister MAMata Banerjee has promptly responded to the letter in which the State-appointed interlocutors for talks with Maoists have sought to be relieved of their responsibilities. She has called a meeting with the interlocutors on Saturday. But that does not clear away the clouds gathering over the peace process. While both the government and the Maoists insist that it is in their mutual interest to sit at the...

-The Economic Times   The cabinet will shortly consider a proposal to allow 51% foreign direct investment (FDI) in multi-brand retail, as the government finally musters the will to implement the controversial policy measure that has been stalled for years. The commerce and industry ministry has prepared a note for the cabinet to allow 51% FDI in multi-brand retail and increase the limit on single-brand retail to 100% from the current 51%....

-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...

An independent study says some 250 thermal power projects that have got clearances may be meant just to grab land and water resources. THERE have been a growing number of headlines that speak of an energy crisis and the energy deficit in India in the last few years. The disparities in the demand-supply scenario, the increasing prospects of disruptions in the global supply of fuel and the consequent results of higher...

-The Hindu   In a volte-face that has created ripples in political circles here, Chief Minister MAMata Banerjee on Wednesday said it is now a “proven” fact that it was the Maoists who were responsible for the Jnaneswari Express sabotage. She had earlier accused the Communist Party of India (Marxist) of being behind the derailment of the train in Paschim Medinipur district on May 28, 2010, in which nearly 150 people were...