-Tehelka Here are the gaping holes in the argument for FDI in retail. No smooth talk can pave over it TOUTED AS a cure-all for India’s economic ills, Foreign Direct Investment (FDI) in multi-brand retail is at best an anodyne, and at worst, toxic. It is an attempt to lift markets by fabricating sentiment; signalling an economic turnaround without any concrete steps being taken to trim the fiscal deficit or boost manufacturing. All...

-The Indian Express A free press that is able to operate without fear or favour remains an essential cornerstone of a modern democratic society. It plays a fundamental role as the guardian of public interest. By the same token, when certain deficiencies in its role become apparent, public and political furore is inevitable. So it came to pass in Britain, where public anger emanating from a single action — the hacking...

-Outlook Nearly Rs 1.71 crore have been spent on foreign visits of Delhi Chief Minister Sheila Dikshit, her cabinet colleagues and members of the Assembly in the past nine years. According to an RTI reply, Dikshit, her ministers and MLAs undertook around 57 foreign visits including to the US, the UK, Spain, Thailand, Indonesia, Japan, Germany and Switzerland and an amount of Rs 1.71 crore was spent between 2004 and October 2012. As...

-PTI Vedanta group is likely to close its one million tonnes alumina refinery at Odisha's Lanjigarh from Wednesday, a move which would impact about 7,000 jobs in the Eastern state. The mining conglomerate, which runs the alumina refinery through an unlisted subsidiary, Vedanta Aluminium Ltd (VAL), had given a closure notice to the state government three months back citing severe shortage of bauxite as the primary reason for the shutdown. "Suspension of operations...

-DNA For the first time, Maharashtra has officially admitted that cotton yield is likely to reduce by nearly 40%. Bt cotton failure in more than 4 million hectares of land has reduced cotton yieldfrom 3.5 million quintal to 2.2 million quintal. A report sent by the state agricultural department to the Centre states that the estimate of the net direct economic loss to cotton farmers in the state will be nearly Rs6,000...