-The Times of India NEW DELHI: The Enforcement Directorate has given a clean chit to Wal-Mart, the world's largest supermarket chain, in a case related to alleged violation of Foreign Exchange Management Act (Fema), a move that may pave the way for the US retailer to pursue its India investment plans more aggressively. Earlier this week, ED wrote to the RBI, saying a case of violation could not be made out as...
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Cyclone Phailin: Panic buying in Odisha sends prices soaring -Binita Jaiswal
-The Times of India CUTTACK/BHUBANESWAR: Thousands of twin city dwellers on Friday made a beeline for shops to stock up on vegetables and dry food. The mad rush led to a steep rise in prices of chura (flattened rice ), potatoes and candles. Soon they vanished from the market. "I bought a kg of chura for Rs 28. In the evening the shopkeeper hiked the rate to Rs 45 a kg. I...
More »Growth slowest in four years
-The Telegraph The Indian economy grew at just 4.4 per cent in the first quarter ended June 30 - its slowest pace in four years. The grim figure deepened worries for the UPA government, which has been battling criticism over its failure to halt the slide in the rupee, cap deficits, ignite growth and slam the lid on inflation. The tepid growth had been anticipated with finance minister P. Chidambaram acknowledging a few...
More »Down a slippery slope in Uttarakhand-Bishnu Prasad Das
-The Hindu The devastating landslips were caused by the undercutting of fragile hillsides for highways rather than by dams, which actually helped mitigate the floods The natural calamity of June 16 through 19 that devastated the whole of Uttarakhand and large areas of Himachal Pradesh and western Uttar Pradesh - an area of almost 20,000 sq.km. - was one of extremely rare severity among all the hydro-meteorological disasters to have struck India. Intense...
More »Gujarat: Sifting fact from fiction -Yoginder K Alagh
-Live Mint Gujarat has grown faster than the national average—a point worth noting. But there’s no need for drumbeats Gujarat's economic performance has been facing great scrutiny ever since chief minister Narendra Modi emerged as one of the top prime ministerial candidates of the Bharatiya Janata Party (BJP). I have been asked to compare Gujarat's economic performance during the past decade with that in the past and separate fact from fiction...
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