-PTI Chidambaram’s proposal to fast track projects approved after renaming Seeking to remove investment bottlenecks and promote growth, the government on Thursday decided to set up a Cabinet Committee on Investment (CCI) to accord single-window approval to mega projects of over Rs 1,000 crore. CCI will be headed by the Prime Minister. “The proposal to set up the Cabinet Committee on Investment, headed by Prime Minister, to fast track mega projects of over...
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Investment Panel Under PM Formed to Clear Mega Projects
-Outlook The Union Cabinet today cleared the proposal to set up Cabinet Committee on Investment under the Chairmanship of Prime Minister Manmohan Singh to accord expeditious approval to projects of over Rs 1,000 crore. "The proposal to set up the Committee to fast-track mega projects of over Rs 1,000 crore was cleared", sources said. The high-powered body for giving speedy clearance to infrastructure projects was initially mooted by Finance Minister P Chidamabram. He...
More »Weft and warp of a crisis-Vivek S & Aseem Shrivastava
-The Hindu Though more people in India are in the textile sector, than in any other of the economy, bar agriculture, hostile and indifferent government policies are giving it short shrift Handloom weavers from all over the country are on a 72-hour hunger strike at Jantar Mantar in New Delhi from today in protest against the government’s textile policy. The protest is led by Rastra Cheneta Jana Samakhya, the State Handloom Weavers’...
More »For profit, not people-Sitaram Yechury
-The Hindustan Times With UPA 2 having carried the day on the motions disapproving foreign direct investment (FDI) in India’s multi-brand retail trade sector, the crescendo for a fresh round of GenNext reforms has reached a higher pitch. The editorial in this newspaper titled The slog overs have begun (Our Take, December 10) states, “Now that FDI in retail is through, the UPA must push ahead with other reforms.” The Congress-led coalitions...
More »Indian real wages fell in 2008-11: ILO report-PR Sanjai, Remya Nair and Anuja
-Live Mint Decline came as labour productivity grew 7.6%; wage growth remains far below pre-crisis levels globally India’s real wages fell 1% between 2008 and 2011, while labour productivity grew 7.6% in the same period, International Labour Organization (ILO) data showed on Friday, indicating that the benefits of the country’s economic growth didn’t translate into better pay for workers in the aftermath of the global economic crisis. In contrast, China’s real wage growth...
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