-The Hindu Chennai: The Dravida Munnetra Kazhagam will support the Food Security Bill only if it does not infringe on existing rights of Tamil Nadu, said party leader M. Karunanidhi on Friday. In a statement here, he said the Centre should not impose its provisions on State governments, but should allow them to implement it depending on the situation existing in every State. "It is a constructive approach on the part of the...
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Figuring out Gujarat -Bhalchandra Mungekar
-The Indian Express The Gujarat model of development is not what its champions say it is Having realised that the people of India have not exonerated him for the post-Godhra killings of Muslims in 2002 on his watch, Gujarat Chief Minister Narendra Modi systematically tried to build up his image as a "man of development"(vikas purush). The Sangh Parivar called it the "Gujarat model of development" and started propagating it. But what...
More »Walmart's investment in Cedar violates FEMA, RBI rules: CBI -Rasul Bailay
-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...
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 »Bribery probe against Walmart inconclusive, but no clean chit to US retailer -Anandita Singh Mankotia
-The Economic Times NEW DELHI: Terming some of the answers provided by Walmart as "incomprehensible" and parts of the deposition by its just departed India boss Raj Jain as "ambiguous", a government committee set up to look into whether the US behemoth indulged in bribery in India, has refused to give it a clean chit, complicating its efforts to draw a line under the episode. The one-man committee under Justice Mukul Mudgal...
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