-The Indian Express At a time when the government is struggling to get past objections from its coalition partners to attract investment in certain sectors such as retail, aviation and pensions fund management, a grim internecine ministerial battle has applied the brakes on foreign direct investment flow into one of the more attractive and lucrative sectors — pharmaceuticals. Clearances for over Rs 1,000 crore FDI in this sector, the second largest in...

-Live Mint In urban India, the ratio of the top and bottom 10% of the economic group increased to 10.9% from 10.1% Economic growth is increasing the income and consumption levels of the average Indian faster than before, but income disparity is getting sharper, especially in the country’s villages, which may require a greater effort aimed at creating jobs in the non-farm sector in rural areas. The increase in inequality is evident from...

-PTI Amid growing political opposition in India for easing of foreign investment norms in retail and other sectors, US-based companies like Wal-Mart and Prudential Financial are lobbying hard with their own lawmakers here to garner support for their Indian business expansion plans. As per their latest lobbying disclosure reports filed with the House of Representatives and the Senate, the US-based companies and industry groups spent millions of dollars since the beginning of...

-Live Mint The Maharashtra Housing Regulation and Development Bill passed by the state assembly on Monday paves the way for the establishment of the country’s first regulator for the housing sector. The Bill, which now goes to the state legislative council, aims to bring about transparency in the real estate sector and empower homebuyers. It also attempts to demystify some of the popular and often misused terms used in the sector, such...

-The Hindu Journalists need to adopt a set of integrity measures in order to police the boundaries between the market and political power   Gina Rinehart, Australia’s richest person and the world’s wealthiest woman, is seeking three board seats following her purchase of 18.7 per cent of Fairfax which owns most papers in Australia not controlled by Rupert Murdoch’s News Ltd. There has already been considerable upheaval in two of the Fairfax papers...