-PTI Foreign direct investment in the retail sector is likely to create as many as 10 million jobs in a span of 10 years, making it the largest sector in organised employment, says a report. According to Indian Staffing Federation (ISF), an apex body of the flexi staffing industry in India, FDI in retail can create around 4 million direct jobs and almost 5 to 6 million indirect jobs including contractual employment...

-The Times of India In a significant intervention aimed at settling a noisy policy feud, PM Manmohan Singh has asked health minister Ghulam Nabi Azad to sort out differences over the thrust and formulation of the health policy in the 12th plan with Planning Commission deputy chairman Montek Singh Ahluwalia. The PM intervened during the full meeting of the Planning Commission on Saturday when Azad took up issues that have led to...

-The Telegraph The Planning Commission has proposed a slash in fuel and fertiliser subsidies, and subsidy delivery through cash transfer to the beneficiaries’ bank accounts rather than by providing cheaper goods. Commission’s deputy chairperson Montek Singh Ahluwalia said providing food, fuel and fertiliser subsidies through cash transfer would help check leaks — that is, illegal sale of the subsidised goods in the market. Sources suggested that cash transfer was being considered mainly for...

-The Telegraph The Planning Commission has proposed that children undergo a year’s pre-schooling at government schools before they are admitted to Class I. If the proposal is accepted, it would virtually make education a right for children between the age of five and 14, rather than six and 14 as laid down by the Right to Education Act, education experts said. Pre-schooling is now a facet only of private schools in India. Nearly...

-The Business Standard Are in talks with political parties for support, fear foreign players will invoke equal-treatment clause in bilateral pacts between India and other nations As the CABinet Committee of Economic Affairsgave a green signal to the 51 per cent FDI in multi-brand retail, though leaving the implementation decision to the states, the traders’ community is all out to protest against the big policy decision. Calling the move unfortunate, Confederation of...