The Reserve Bank of India on Friday expressed the hope that foreign direct investment in multi-brand retail would help in bringing down inflation. “...Certainly it (FDI in multi-brand retail) would help improve supply chain and we hope it should also contribute to reducing inflation,” Reserve Bank of India Governor D. Subbarao told reporters on the sidelines of a memorial lecture here. Dr. Subbarao said 51 per cent FDI in multi-brand retail would...

-NDTV Profit   Some of India’s biggest and most-respected entrepreneurs have released an open letter to the government. The group which includes Wipro’s Azim Premji, Anu Aga of Thermax and HDFC's Deepak Parekh, refers to the anti-corruption Lokpal Bill that is meant to be introduced soon in Parliament. The industrialists write, “The Lokpal Bill is only one small but critical step in the national task of Weeding out the plague of corruption...

State links PDS to UID to plug leakages in food supplies but gaps remain Madhya Pradesh has opted for the technologically most sophisticated—and costliest—method for revamping its public distribution system (PDS). It is one of a handful of states that is trying to ensure that subsidised food reaches the segment it is meant for, the poorest of the population or those below the poverty line (BPL). But the route it has...

Anna Hazare's campaign against corruption has a curious side-effect. It has turned the spotlight on India's lack of pre-legislative transparency. We may accept or dismiss team Anna's Jan Lokpal draft but his movement — and the subsequent build-up of hope and betrayal — has unwittingly exposed the systemic opaqueness in which our laws are conceived, written, debated and passed. The Lokpal Bill 2011 is one among 67-odd bills listed as...

-The Deccan Chronicle   India’s department of information technology that functions under the articulate and vociferous minister Kapil Sibal, has quietly pushed through an Act to censor online content. The recently drafted rules that give private arbiters a right to take down objectionable content, free speech advocates say will seriously hamper virtual communications, debate and discussions. In the past in a country, that is the largest democracy, the lawmakers have suggested bans on books,...