-The Economic Times Nearly 6 crore formal sector employees could look forward to retiring with a minimum pension of Rs 1,000 a month, in addition to their provident fund savings, if the finance ministry green signals a labour ministry proposal to increase the pension of PF subscribers.   At present, most provident fund subscribers receive less than Rs 500 a month as pension after decades of service, with some getting as low as...

-The Times of India A middleclass dream that politics can be redeemed by means other than politics has just ended, with Team Anna’s decision to launch a political party and join the fray. Many of his ardent supporters and well-wishers have registered deep disappointment. Anna is becoming part of the problem, they cry. The problem was with the hope that gods out of the machine can serve up deliverance on a...

-The Times of India The present food Bill legalises the injustices of a targeted distribution system A national campaign throughout the month of July on issues related to food security and against rising prices will culminate in a five-day sit-in protest in Delhi beginning today. These are issues fundamental to the well-being of the majority of our people and therefore deserve national support.   With the spectre of drought haunting the countryside, speculators, hoarders...

-PTI Amid growing political opposition in India for easing of foreign investment norms in retail and other sectors, US-based companies like Wal-Mart and Prudential Financial are lobbying hard with their own lawmakers here to garner support for their Indian business expansion plans. As per their latest lobbying disclosure reports filed with the House of Representatives and the Senate, the US-based companies and industry groups spent millions of dollars since the beginning of...

-Business Today "I want it back," says Sharada Begum. The 67-year-old woman is a member of one of the 100 households of Raghubir Nagar, a resettlement colony in west Delhi, chosen to participate in a pilot scheme that aimed to turn the public distribution system (PDS) on its head. Through all of 2011, these households had Rs 1,000 transferred every month to a woman member's bank account in lieu of rice, wheat,...