-The Hindustan Times An uneasy combination of the BJP, the Left and the estranged UPA ally, the Trinamool Congress, is set to provide fireworks during the winter session of Parliament beginning next week. The issue: The government’s decision to allow foreign direct investment (FDI) in retail sector through an executive decision. At least 15 MPs belonging to the BJP-led NDA, Trinamool and Left parties had till late Wednesday evening served notices under...
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Politicians corrupt, but few say won't pay bribes: survey -Abhijit Patnaik
-The Hindustan Times Arvind Kejriwal has resorted to publicly naming and shaming everyone from politicians to corporates, Anna Hazare has reignited the Jan Lokpal debates and scandals are being exposed with increasing frequency. The anti-corruption movement has gathered momentum in the last twelve months, and presumably, corrupt officials are running for shelter. Yet, according to a Hindustan Times survey, 41.2% of respondents feel that government officials are more prone to take a...
More »Policy on FDI in retail lacks legal sanction, says SC
-The Hindu Stay refused, time granted to RBI to amend regulations With the Supreme Court observing on Monday that the Centre’s policy decision permitting FDI in multi-brand retail sector lacked legal sanction, the Attorney General (AG) G. E. Vahanvati assured that the Reserve Bank of India (RBI) would come out with amended Regulations within two weeks. A Bench of Justices R. M. Lodha and Anil R. Dave, while refusing to stay the policy...
More »Supreme Court to examine validity of FDI notification -J Venkatesan
-The Hindu Seeks A-G’s assistance in clarifying issues raised by PIL The Supreme Court will examine the validity of the notification the Centre issued on September 20 of its decision to allow Foreign Direct Investment (FDI) in multi-brand retail. On Friday, a Bench of Justices R.M. Lodha and Anil R. Dave, without issuing notice, sought Attorney-General G.E. Vahanvati’s assistance in clarifying certain issues, and directed advocate M.L. Sharma, who has challenged the...
More »For a few dollars more -Dipankar Bhattacharyya
-The Hindustan Times The industries opened up to foreign investment in the past 20 days produce less than a tenth of India's national income. On the face of it, this number is too small to justify the opposition to foreign direct investment (FDI) in supermarkets, airlines, insurance and pensions. Or the government's resolve to open these businesses to foreigners with or without majority control. The picture changes when you see how fast...
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