-The Indian Express The Samajwadi Party’s sweep in India’s biggest state, Uttar Pradesh, and Congress’s defeat in Punjab and Goa will further shrink the elbow room the Congress-led UPA government at the Centre has to push through key initiatives such as foreign direct investment (FDI) in multi-brand retail, pension reforms and legislation such as the goods and service tax (GST) that require support from states. The Centre had postponed some of these...

The Samajwadi Party's resounding victory in the Uttar Pradesh assembly polls is certain to add more heft to the Federal Front - the alliance of non-Congress, non-BJP chief ministers put together by West Bengal chief minister Mamata Banerjee.  Mulayam Singh Yadav's party was handed a decisive mandate by the electorate, and it will not have to be dependent on Congress, or any other party for its survival.  The snub by voters in...

-The Economic Times Prime Minister Manmohan Singh on Tuesday assured industry that the Centre is making renewed efforts to open up foreign direct investment in multi-brand retail, despite Uttar Pradesh (UP) election results where the winning Samajwadi Party has opposed FDI in retail in its manifesto.  Singh told a delegate of senior members of industry body Assocham that the Centre is taking fresh efforts to evolve consensus amongst the various stakeholders on...

-The Business Standard Use central funds to push agri-reform in states The agriculture ministry’s reported decision to tie the state-wise allocation of funds from the National Agriculture Development Plan (NADP) to the states’ progress on agri-marketing reforms seems likely to benefit both farmers and consumers. Yet the gains from releasing central assistance only conditionally could be substantially augmented. If the Centre is serious about reform, it should expand this conditionality to other...

-Reuters The Congress party trailed in fourth place as vote counting neared its end in Uttar Pradesh on Tuesday, a bitter election blow to Rahul Gandhi who had staked his political future on reviving his party's fortunes in the state. Gandhi, scion of the Nehru-Gandhi dynasty that ruled India for most of its 65 years of independence, had campaigned tirelessly to revive his party in the politically crucial state where it has...