Finance Minister Pranab Mukherjee may be right in pushing for FDI in retail because reports have been pouring in, indicating that the economic downturn in India and abroad will worsen in coming weeks. 'I want money,' an agitated Finance Minister Pranab Mukherjee reportedly told the Cabinet on Thursday, November 24, when coerced by colleagues from his Congress party for pushing 51 per cent Foreign Direct Investment in retail. The FDI issue is...

-The Economic Times   The standing committee vetting the Lokpal Bill has reached a consensus on making the proposed anti-graft ombudsman a constitutional body. The suggestion to upgrade the status of Lokpal to a constitutional body had first come from Congress general secretary and Lok Sabha MP from Amethi Rahul Gandhi.  At its meeting on Thursday, all members of the standing committee, headed by Congress leader Abhishek Manu Singhvi, were unanimous that Lokpal...

The audience, organisers, and fightersknow that sham wrestling is not to betaken seriously. But the World Economic Forum takes itself seriously. The comforting thing about the sham wrestling ‘championships' on television is that everybody knows they are a farce. Steroid-stuffed Cro-Magnons stomp the living daylights out of painkiller-primed Neanderthals. Good, unclean fun. The results are safely predictable. You should expect the 600-pound gorilla to overwhelm the 900-pound one in a staggering...

-IBNS   A group of about 35 women economists from different countries of Europe, UK, US, Australia and India, have written an open letter to Prime Ministers and Presidents of South Asian nations, including India, which are facing acute sanitation crisis. From India, Jayati Ghosh, Professor, Centre for Economic Studies and Planning, Jawaharlal Nehru University; Bina Agarwal, Director, Institute of Economic Growth, Delhi University and Isher Judge Ahluwalia, Chairperson Board of Governors, Indian...

The Goa bench of Bombay High Court stretched the RTI Act's ambit to the maximum when it ruled that a governor's report to the Centre about the political situation in a state could not be kept under wraps and ordered its disclosure upon an application under the transparency law.  This has sent shock waves in the power corridors as the Union Cabinet headed by the prime minister relies on the secret...