-The Times of India The government is moving swiftly to build a consensus over the move to allow foreign investment in the multi-brand retail sector with the commerce, industry and textiles minister Anand Sharma writing to three key state chief ministers of Uttar Pradesh, Punjab and Odisha to seek their support. Sharma has been trying to build a consensus and has met several chief ministers to draw their support to the move....

-The Economic Times Indian officials say the agreement that will be ratified by government leaders at the Rio 20+ conference on sustainable development on Friday addresses their major concerns even as NGOs stepped up their opposition to the final text, saying it contained no specific commitments and no timetables.  Government officials say the outcome document, called the "The Future We Want'', retains the principle of Common But Differentiated Responsibility (CBDR), which creates...

-The Hindu India has reason to come away feeling pleased with the outcome of the seventh G-20 summit, which concluded in Los CABos on Tuesday. First, Prime Minister Manmohan Singh ticked the Europeans off for landing themselves and the world economy in such a big mess and then expecting handouts from even poor countries. Second, the Prime Minister’s consistent stand, that growth and austerity have to be combined, has also finally found...

-The Business Standard MSP hikes will stoke food inflation The government’s new kharif pricing policy, suggesting a steep 16 to 53 per cent increase in the minimum support prices (MSPs) of various crops, is unlikely to fully satisfy farmers even as it will stoke food inflation and swell the food subsidy bill. Approval of the new prices by the CABinet Committee on Economic Affairs (CCEA) came on the day that inflation numbers...

The OBC lobby within Congress blocked the government proposal to enhance 'creamy layer' for reservations to Rs 6 lakh, protesting it was on the lower side. The resistance prompted Prime Minister Manmohan Singh to refer the issue for consultations.  The fresh look may be handed over to a group of ministers (GoM) or be done by social justice ministry that had moved the CABinet note. Revised every four years, the 'creamy...