-The Times of India Congress will hold a massive rally on Sunday to defend its decision to allow FDI in multi-brand retail, in what will showcase government's new assertiveness on reforms and the backing extended by the Congress brass in the face of populist criticism that giant retailers will harm farmers' interests and pop and mom stores. The party has, especially its units in Delhi and neighbouring Haryana, have pulled out all...
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Cabinet withdraws draft amendments to RTI-Liz Mathew and Anuja
-Live Mint All file notings can be made public now except those explicitly exempted The Union cabinet on Thursday decided to withdraw controversial draft amendments to the Right to Information (RTI) Act that sought to restrict disclosure of government file notings. The move allayed the concerns of rights activists. The draft amendments would have restricted disclosure of file notings only to social and developmental issues. The government had to drop the move following...
More »Wages upsurge driving inflation: RBI
-The Financial Express Mumbai: On Tuesday, the RBI said the path of inflation will be shaped by two sets of counteracting forces. On the downside, slower growth and excess capacity in some sectors will help moderate core inflation. “Stable, or in the best case scenario, declining commodity prices will reinforce this tendency. An appreciating rupee will also help to contain inflationary pressures by bringing down the rupee cost of imports, especially of...
More »No move to dismantle PDS: Montek Singh Ahluwalia
-PTI Pitching for direct cash transfer of food subsidy, Planning Commission deputy chairman Montek Singh Ahluwalia on Tuesday assured this would not result in dismantling of current system of procuring grains at minimum support price (MSP) and distribution through PDS. "...about the cash transfer (of subsidy), the accusation is that you want to dismantle the PDS. This is completely wrong because there is no question of dismantling the minimum support prices," Ahluwalia...
More »Manmohan set to end reliance on Jaipal for oil and gas -Sujay Mehdudia
-The Hindu Minister has been resisting Mukesh Ambani on gas prices, audit S. Jaipal Reddy — the minister who took on Mukesh Ambani in a regulatory battle on gas prices that saved the exchequer thousands of crores of rupees — is set to be divested of the crucial Petroleum and Natural Gas portfolio, The Hindu has learnt. Mr. Reddy, who took over from Murli Deora in January 2011, resisted and then rolled back...
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