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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FDI in retail—UPA ‘retired hurt’ by P Sainath
Here's the wonderful thing about the FDI-in-retail debate: never have struggling Indian farmers found so many champions. They've been crawling out of the woodwork. Foreign direct investment in retail may be on hold, but Hillary Clinton can stop worrying about Anand Sharma and Pranab Mukherjee. “How does (Commerce Minister) Sharma view India's current Foreign Direct Investment guidelines? Which sectors does he plan to open further? Why is he reluctant to open multi-brand...
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 »Centre veering round to including Group C employees in Lokpal by Smita Gupta
Idea to keep promise made in ‘sense of the House' resolution The United Progressive Alliance (UPA) government, which in recent days indicated that it was not keen on including the lower bureaucracy within the ambit of the Lokpal Bill, as it was billed as an instrument to deal with corruption in high places, is now veering round to the view that the Group C employees could be included in the Bill...
More »Blow to Aadhaar project as Bill is rejected
-The Hindu The Parliamentary Standing Committee on Finance has rejected the National Identification Authority of India (NIAI) Bill, which was meant to give a legal backing to the Aadhaar project and its aim of using biometrics to create a unique identity for every resident of India. Sources in the Committee say the Bill has been rejected in its current form on the grounds of the project's high cost, as well as concerns...
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