-Outlook To protect BPL families from possible price rise, the CABinet Committee on Economic Affairs (CCEA) today gave its approval for selling imported pulses and edible oil at subsidised rates through ration shops. The CCEA also approved an outlay of Rs 884 crore for computerisation of public distribution system (PDS) that is aimed at, among other things, elimination of bogus ration cards. Announcing the decisions, Finance Minister P Chidambaram said, "The CCEA today...

-PTI In another round of big-ticket reforms, the Union CABinet will consider on Thursday raising the FDI cap in insurance sector to 49% and opening the pension sector to foreign investment besides creation of a National Investment Board. The CABinet will also consider a number of other crucial measures like giving more powers to commodity market regulator FMC, Competition Bill to bring all sectors under Companies Act, and model tripartite agreement for operationalising...

-IANS Protecting the interest of the common man, the Supreme Court Wednesday told the government not to disturb the existing retail price mechanism of drugs under the price control order while finalising the list of essential medicines. The judges observed that the prices of the drugs were so high that it left the patient with the option of either to die or buy medicines by selling one's land or ornaments. "The common man...

-PTI NEW DELHI: To protect BPL families from price shocks due to supply constraints, CABinet Committee on Economic Affairs (CCEA) is likely to consider tomorrow a proposal to relaunch a scheme to supply imported pulses at a highly subsidised rate for next six months. The CCEA may also take up a proposal to extend a scheme for distribution of imported edible oils at subsided rate to BPL families for one more year...

-Outlook A green NGO today alleged that the Environment Ministry has given its nod to divert the Mahan forests in Madhya Pradesh for a coal block and described the decision as "appalling". Greenpeace India campaigner Priya Pillai alleged that the Environment Ministry's decision to grant forest clearance to the Mahan coal block in Singrauli district is "appalling". "The communities living in the forest have written more than once to the Ministry on the...