-The Hindu FDI is a debt inflow or liability foreign exchange because the profits or returns it generates will have to be repatriated. Will FDI in retail, single brand, banking or insurance enhance our foreign exchange earning capacity? Do they bring technology to the economy? There is so much of talk going around in all circles regarding FDI. Politicians, for obvious reasons, speak a language of their own, driven by ulterior motives....
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Cash transfer benefit to be available by Feb-March: Montek
-MoneyControl.com The benefits of the cash transfer scheme to be rolled-out from January 1 in 51 districts will reach the intended beneficiary only by February-March, said Planning Commission Deputy Chairman Montek Singh Ahlwualia. The benefits of the cash transfer scheme to be rolled-out from January 1 in 51 districts will reach the intended beneficiary only by February-March, said Planning Commission Deputy Chairman Montek Singh Ahlwualia. In an interview to Karan Thapar for CNN-IBN...
More »All that gas
-The Hindu The comprehensive clean-up that the public sector oil marketing companies recently initiated in the liquefied petroleum gas distribution system is a commendable if long overdue effort to check what had evidently become a free-for-all game. Groaning under the “subsidy burden” in a market sector where consumption levels of the convenience fuel had skyrocketed over the decades, the companies first moved collectively to computerise data with regard to LPG consumers...
More »Cabinet withdraws draft amendments to RTI-Liz Mathew and Anuja
-Live Mint All file notings can be made public now except those explicitly exempted The Union cabinet on Thursday decided to withdraw controversial draft amendments to the Right to Information (RTI) Act that sought to restrict disclosure of government file notings. The move allayed the concerns of rights activists. The draft amendments would have restricted disclosure of file notings only to social and developmental issues. The government had to drop the move following...
More »Questions swirl around source of funding of Gadkari's firm -Josy Joseph, Anjaya Anparthi, Abhishek Choudhari & Shishir Arya
-The Times of India NEW DELHI/ NAGPUR: Grave questions have surfaced over the source of funds for Purti Power and Sugar Ltd, controlled by BJP president Nitin Gadkari. Investigations reveal significant investments and large loans to Purti by a construction firm, Ideal Road Builders (IRB) Group, which had won contracts between 1995 and 1999, when Gadkari was the PWD minister in Maharashtra. Besides IRB Group, the other significant shareholders in Purti are...
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