-The Telegraph The CPM today claimed the government was legally bound to have its decision on allowing foreign direct investment in multi-brand Retail ratified by Parliament and urged the Centre to agree on a discussion under a rule that entails voting. Party MP Sitaram Yechury said according to Section 48 of the Foreign Exchange Management Act, amendments to permit FDI in the sector have to be endorsed by Parliament within a time...
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CPI to Continue Opposing FDI in Retail
-Outlook Mumbai: The Communist Party of India (CPI) today said that it will continue its opposition against FDI in Retail. "We will continue our opposition against FDI in Retail. If the voting takes place on FDI in Parliament, then we will vote against it," Gurudas Dasgupta told reporters here. With the stalemate in Parliament continuing over the FDI issue, Dasgupta said, "We feel it's wrong not to allow Parliament to function. The intentions...
More »Direct cash transfer of subsidies through Aadhaar from January 1
-The Hindu Direct cash transfer of subsidies through the Aadhaar card would be rolled out in 51 districts across 15 States from January 1, 2013, Union Finance Minister P. Chidambaram announced on Saturday. The scheme would aim to cover the entire country by the end of 2013, he said. Speaking at the annual Bankers’ Conference (BANCON), Mr. Chidambaram said banks would play an essential role in the direct cash transfer, as every...
More »Six-cylinder annual LPG cap under review: Veerappa Moily
-The Times of India The government is looking into demands for raising the six-cylinder annual cap on supply of subsidized cooking gas refills to each family, oil minister M Veerappa Moily told the Lok Sabha in a written reply on Friday. Separately, minister of state for petroleum Panabaaka Lakshmi told the House that state-run fuel Retailers have issued more than 10 lakh new cooking gas connections since the government capped the supply...
More »Ache over pill prices
-The Telegraph The Union cabinet today approved a controversial drug pricing policy that had been opposed by the health ministry, the finance ministry and public health policy experts who fear it will legitimise high prices of medicines. A government source said the cabinet has cleared the drug pricing policy that health experts suspect will determine caps on prices of 348 drugs through a formula based on market prices of drugs rather than...
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