-The Telegraph   The cabinet today unlocked the retail market for foreign direct investment, braving the Trinamul Congress’s objections but assuring Mamata Banerjee earlier in the day that state governments would have enough leeway to protect the interests of farmers. The most significant of today’s decisions is the clearance to 51 per cent foreign investment in multi-brand retail, which will allow the entry of giants that are already household names in a country...

-The Hindu   The Communist Party of India (Marxist) on Thursday refuted the “specious explanations” on inflation given by Finance Minister Pranab Mukherjee saying his statement hid the government's failure to check price rise. Reacting to his November 22 suo motu statement in Parliament, the CPI(M) Polit Bureau said: “It is nothing but an exercise in deception to conceal the utter failure of the UPA government in checking the relentless price rise.” While referring...

An unprecedented economic growth during the last decade has also seen increasing malnutrition, hunger and starvation amongst certain sections of society. India ranks 66 in the Food and Agriculture Organisation’s (FAO’s) World Hunger Index of 88 countries (Inter-national Food Policy Research Institute). More than 200 million people in this country are denied the right to food. One-third of all underweight children (57 million) in the world due to lack of...

-Reuters Global commodity prices have not softened as much as anticipated as speculators are keeping prices high, Finance Minister Pranab Mukherjee said on Tuesday in a statement. Oil Prices held near $107 a barrel on Tuesday as fresh sanctions, and the prospect of military action, against Iran offset persistent worries about the health of Western economies and fuel demand.  ...

-The Hindu   Making it clear that it will not go into the policy mechanism of deregulation, the Supreme Court on Friday declined to entertain a public interest writ petition questioning the repeated hike in the price of petroleum products. Chief Justice S.H. Kapadia told counsel Upamanyu Hazarika, appearing for the All-India Youth Federation, “We cannot decide on pricing. It is a policy and legislative matter. We will not interfere in it. The...