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Retail FDI takes effect -Jayanta Roy Chowdhury

-The Telegraph   Wal-Mart Stores Inc — the $446 billion retail behemoth — will be able to open stores in 22 cities across the country after the government notified a press note tonight permitting foreign direct investment up to 51 per cent in multi-brand retailing operations. The press note — which contained clauses that were not spelt out in the controversial press release issued last Friday after the cabinet formally cleared the proposal...

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Crunching numbers to soften Coalgate -Shalini Singh

-The Hindu The CAG has a lot of explaining to do on the methods used to reduce the loss it estimated in its draft report Comptroller & Auditor General Vinod Rai, who has maintained a dignified silence despite being in the government’s line of fire for his controversial report on coal, now has no choice but to break his silence. On Thursday, he appears before the Public Accounts Committee (PAC) where he is...

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The real questions from Kudankulam -Rahul Siddharthan

-The Hindu In an atmosphere of mistrust of the government, only an independent safety regulatory mechanism can counter the scaremongering against civilian nuclear power I work at an institution funded by the Department of Atomic Energy (which, however, does no nuclear research: the DAE funds a wide variety of institutions and areas in science). About a year ago, I had an e-mail from a journalist who wondered why scientists (including colleagues at...

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IMG report on coal scam likely by Saturday

-The Times of India The inter-ministerial group (IMG) reviewing coal block allocations that have been questioned by the federal Auditor for being allotted arbitrarily could not complete its proceedings and is expected to meet again on Friday. The IMG meeting could not complete its case-by-case assessment of 29 blocks allotted to private firms with the response of the private players being considered against the terms they are alleged to have violated. Sources said...

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Companies donate big to Congress, BJP-Anuja and Liz Mathew

-Live Mint/ The Wall Street Journal Contributions more than doubled between 2004 and 2009 polls; experts say published figures just tip of the iceberg  Contributions, including money from top companies, to the country’s two largest political parties, the Congress and the Bharatiya Janata Party (BJP), more than doubled between the 2004 and 2009 general elections. This revelation affirms a trend of companies, most of which are listed, opting for a transparent route to...

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