-The Economic Times NEW DELHI: The Central Bureau of Investigation (CBI) has said Walmart's $100-million investment in Cedar Support Services, the holding company of Bharti Retail, in 2010, violated India's foreign exchange rules as well as Reserve Bank of India (RBI) guidelines but said as these violations did not fall within its purview, it cannot investigate the matter. "The case was analysed which reveals violations of RBI guidelines and Fema regulations," the...
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UP to have 1cr unemployed youth by 2017: National Sample Survey Organisation -Arvind Singh Bisht
-The Times of India LUCKNOW: For the Akhilesh Yadav government, the burgeoning unemployment problem comes as a daunting challenge. The 66th round of the National Sample Survey Organisation (NSSO) report puts the projection of unemployed youth in Uttar Pradesh in the age group of 15-35 at whopping 1 crore by the end of the ongoing 12th Five Year Plan (2012-17). They will be in addition to the backlog of around 32...
More »Food security law that puts women and children last -Shailey Hingorani and Allison Hutchings
-The Hindu The National Food Security Ordinance, which President Pranab Mukherjee signed into law last week, has been touted as especially attentive to the needs of women and children. A closer inspection of the Ordinance, however, suggests otherwise - its provisions in fact ignore the distinct socio-economic roles of women and children in society. Moreover, the Ordinance glosses over entire subsets of women and children, including those who are arguably the...
More »I&B seeks Trai, Press Council of India view on FDI
-The Times of India NEW DELHI: Information and broadcasting (I&B) ministry has sought the views of regulator Trai and Press Council of India (PCI) on an increase the cap on FDI in media. This was described as a consultation process by ministry sources who said that nothing was being changed right now. Earlier, a committee headed by economic affairs secretary Arvind Mayaram had recommended an increase in the FDI limit in print...
More »Another bitter pill for patients-Sakthivel Selvaraj
-The Hindu The current market prices are essentially over and above the actual cost of production - a difference that could run from 100 per cent to 5,600 per cent, depending upon various therapeutic categories In a liberalised market economy, do we need price controls on drugs? Policymakers and the pharmaceutical industry do not think so. They believe that price controls are an inefficient tool that distorts resource allocation, squeezes revenue, reduces...
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