-PTI RJD's Delhi unit was disbanded by party chief Lalu Prasad on Saturday after the man, who protested against the Prime Minister at a conference here, was found to be the head of its state legal cell. "I strongly condemn it. Santosh Kumar Suman was made a member of the party by the Delhi state unit without verifying his credentials. He was made the in-charge (of the legal cell) one-and-half-year back," party...
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Strengthening SME sector will open up a new strategy of broad-based, fast growth -Devaki Jain & Deepshikha Batheja
-The Economic Times "Are we knowledge-proof?" asked the late Prof Raj Krishna. As memorable as his other coinage, the Hindu rate of growth, this question is relevant, given our current growth strategy. The SME sector is a vibrant part of the economy, accounting for 40% of manufacturing and generating jobson a scale second only to agriculture. The figures are similarly significant for handicrafts and handlooms. According to the Tenth Plan, GDP from handicrafts...
More »Reforms in power utilities, sugar subsidy on the cards
-The Economic Times The government is pushing ahead with long-awaited reforms to boost finances of cash-strapped power utilities and to reduce food subsidy by raising the price of sugar in ration shops, but the cabinet meeting to consider these moves has been deferred to next week. Sources said the government was also considering a proposal to increase the dearness allowance for central government employees by about 7%. This should come as a...
More »Retail FDI takes effect -Jayanta Roy Chowdhury
-The Telegraph Wal-Mart Stores Inc — the $446 billion retail behemoth — will be able to open stores in 22 cities across the country after the government notified a press note tonight permitting foreign direct investment up to 51 per cent in multi-brand retailing operations. The press note — which contained clauses that were not spelt out in the controversial press release issued last Friday after the cabinet formally cleared the proposal...
More »AP government in dilemma over Centre raising subsidised LPG cap
-PTI HYDERABAD: Cash-starved Andhra Pradesh government is finding it tough to honour the Congress high command's directive on increasing the subsidised LPG quota from six to nine cylinders per family a year. The government, that is surviving by selling its securities every month to raise funds, is not in a position to foot the additional subsidy bill on LPG, sources said. Preliminary estimates suggest that the state government will have to bear a...
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