-Outlook Its ploy of Aadhar-hinged cash transfer may have won the Congress political points, but will it really be a game-changer? State-Wise 40% of the 22 crore Aadhar numbers are in Andhra Pradesh (4.7 crore) and Maharashtra (4 crore) 20% is what the two politically sensitive, Congress-ruled states account for of the 51 districts where DCT will be rolled out 55 lakh Aadhar numbers in TMC-run West Bengal. BJP-ruled Gujarat (57...
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Confident government agrees to vote on FDI
-The Times of India The gridlock in Parliament over foreign direct investment in multi-brand retail is set to ease with the Manmohan Singh government - armed with ally DMK's support - dropping its resistance to a discussion under a rule that necessitates a vote. The detente over FDI could see fresh discussion between the ruling coalition and BJP over the winter session's legislative agenda with parliamentary affairs minister Kamal Nath expected to...
More »RBI Rules Out Introduction of Islamic Banking
-Outlook Kochi: Reserve Bank Governor D Subbarao today ruled out introduction of Islamic banking in the country but said other methods for channelising funds based on the principles of Islamic law can be looked at. "Islamic banking is not possible", he said, adding the central bank could look at other vehicles based on Islamic banking principles to channelise NRI funds. Replying to a question on the issue, Subbarao said: "There are some legal...
More »Congress braces for a stormy winter session of Parliament
-The Times of India Congress faces an array of opponents keen to corner it over its decision to allow foreign direct investment in multi-brand retail raising the possibility of raucous disruptions as the winter session of Parliament gets underway on Thursday. The bone of contention is the Opposition's demand that the FDI policy be discussed under a rule that entails a floor test and the government's determination not to accept such a...
More »Most of India worried about jobs and inflation this Diwali -Gaurav Choudhury
-The Hindustan Times As Prime Minister Manmohan Singh and his team pull out all stops to shake off criticism of policy paralysis with a string of reform measures, rising prices and sliding growth continue to remain key worries. A Hindustan Times survey, one of the largest of its kind covering 28,395 respondents across 13 cities, shows nearly two in three (62.7%) of the people surveyed said that high food prices were hurting...
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