-The Telegraph The Trinamul Congress will oppose foreign direct investment (FDI) in retail and pension funds as well as changes in rules that will allow foreign airlines to invest in Indian carriers. Mamata Banerjee has instructed her sole member of the cabinet — railway minister Dinesh Trivedi — to oppose the retail proposal at tomorrow’s cabinet meeting, the minister confirmed today. The Trinamul roadblock is being seen as an attempt to reaffirm its...
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Cabinet approves 51 per cent FDI in multi-brand retail by Sujay Mehdudia
FDI in single-brand retail raised from 51 to 100% In a bid to remove the impression that UPA-II is suffering from a “decision making paralysis” and kicking off the second generation reforms, the Union Cabinet on Thursday gave its approval for 51 per cent foreign direct investment (FDI) in multi-brand retail and 100 per cent FDI in single-brand retail. The decision is likely to clear the decks for the entry of foreign...
More »Food inflation fanned by change in dietary habits: D Subbarao, Governor, RBI
-The Economic Times Governor of the Reserve Bank of India, D Subbarao said on Tuesday that India's food inflation was fanned by change in dietary habits. Commenting on high inflation, Subbarao said that underlying drivers of inflation have changed. "India needs to address challenge of food inflation. Food inflation has substantially come down but over the last 3.5 years since 2008-2009, average food inflation has shot up higher than the past 6...
More »2G scam: Supreme Court grants bail to 5 corporate honchos by Dhananjay Mahapatra
The Supreme Court on Wednesday granted bail to Unitech's Sanjay Chandra, Swan Telecom's Vinod Goenka and top Reliance ADAG executives Gautam Doshi, Hari Nair and Surendra Pipara in the 2G scam case. The judgment was delivered by a bench of Justices G S Singhvi and H L Dattu on Wednesday morning. The apex court asked each accused to give a bail bond of Rs 5 lakhs with 2 sureties each. This is the...
More »Organically inclined by Madhavi Shivaprasad
When I met organic farmer John Fennessy, who has been cultivating his farm at Sulekunte, Bangalore, for the past three years, I felt I was learning a valuable lesson in life. Having sold some of the first produce from his four-acre farm ‘Hamsa' at the Flea Market recently held at Jaaga, a proud John shared some very insightful thoughts about life as an organic farmer .“I believe we must, as responsible...
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