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Land acquisition, FDI in retail, insurance top PM's reform agenda

-The Times of India   Prime Minister Manmohan Singh on Wednesday flagged amendments to land acquisition law, allowing more foreign investment in retail trading and insurance and introduction of good and services tax (GST) as the key reforms agenda of the government. "I think the first thing is to sustain the momentum of growth that we have built," PM said during a meeting with a group of editors. But a key...

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Neoliberal Act by Anil Sadgopal

The Right to Education Act, which lacks a transformational vision, is geared to preparing foot soldiers for the global market. THE most encouraging and delightful news regarding school education in India since the pro-market reforms began in 1991 came from Erode district in Tamil Nadu recently. To be sure, it is neither about the World Bank-sponsored District Primary Education Programme (DPEP) of the 1990s nor about the internationally funded and...

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Consensus route to retail FDI

-The Telegraph   India is trying to build a consensus on liberalising foreign direct investment (FDI) in retail and defence, finance minister Pranab Mukherjee today told a gathering of business leaders and policy makers in Washington. “Discussions are under way to build a consensus on further liberalisation of the FDI policy in retail and defence,” Mukherjee said. Differences exist within the Indian government on the appropriate policies for foreign direct investments in the...

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Planning Commission likely to meet next month by Sujay Mehdudia

Prime Minister Manmohan Singh will chair the full-fledged meeting of the Planning Commission next month to approve the ‘Approach Paper' to the 12th Five Year Plan (2012-17) that is likely to focus on raising economic growth to 9-9.5 per cent. Officials in the Finance Ministry said the approach paper would provide the broad framework of the government policy to be pursued in the five-year period to achieve the desired growth rate....

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Parliamentary Committee questions move to introduce Food Bill

-The Economic Times The Parliamentary Standing Committee on finance has questioned the government's move to introduce a right to food bill when it did not have a single, widely-accepted definition of the poor. The "criteria of identification of the poor remains nebulous," the Yashwant Sinha-headed committee has observed. The proposed food security bill, seen as the largest such legislation anywhere in the world, hinges on the definition of the poor. The...

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