-The Telegraph The CPM today claimed the government was legally bound to have its decision on allowing foreign direct investment in multi-brand retail ratified by Parliament and urged the Centre to agree on a discussion under a rule that entails voting. Party MP Sitaram Yechury said according to Section 48 of the Foreign exchange Management Act, amendments to permit FDI in the sector have to be endorsed by Parliament within a time...

-Reuters The Indian joint venture of Wal-Mart Stores Inc has suspended its chief financial officer and other employees as it investigates alleged violations of US anti-bribery laws, a development that could hamper India's efforts to open its domestic supermarket sector to foreign investment. Wal-Mart, the world's largest retailer, said last week it has opened internal inquiries or investigations into bribery allegations in Brazil, China and India, which follows an earlier probe in...

-The Times of India Retail giant Walmart has disclosed that it is investigating alleged violations of the US anti-bribery law in India, China and Brazil. The development could trigger fresh opposition to the opening up of the domestic retail market to global companies. The disclosure is likely to provide ammunition to political parties that are planning to corner the government on its decision to allow FDI in multi-brand retail when Parliament reconvenes...

-The Economic Times The fear of drought in India has abated with late precipitation of the monsoon in September this year. However, the country continues to suffer from a drought of formalised tabulated data of agro items on a real-time or monthly basis, though many estimates continue to fatigue the print and electronic media.  Red or green prices flashing on computer screens are taken for 'granted', but the discovery of future or...

-Al Jazeera Treaty to ban chemicals that harmed the ozone layer came about when there was consensus between science and politics. In 1974, chemists Mario Molina and Frank Sherwood Rowland published a landmark article that demonstrated the ability of chlorofluorocarbons (CFCs) to break down the ozone layer, the atmospheric region that plays a vital role in shielding humans and other life from harmful ultraviolet (UV) radiation. It marked the opening salvo of...