-The Times of India NEW DELHI: The Prime Minister on Friday called for a political consensus on "more difficult reforms", indicating that the government was considering a cut in fuel subsidy, which would mean higher petrol and diesel prices, and bringing in measures to curb gold imports. Making a statement in the Lok Sabha on the current economic situation, Manmohan Singh admitted that the current account deficit had gone up sharply and...

-The Telegraph The Indian economy grew at just 4.4 per cent in the first quarter ended June 30 - its slowest pace in four years. The grim figure deepened worries for the UPA government, which has been battling criticism over its failure to halt the slide in the rupee, cap deficits, ignite growth and slam the lid on inflation. The tepid growth had been anticipated with finance minister P. Chidambaram acknowledging a few...

-The Telegraph The Centre today sought to allay fears that the proposed land acquisition law would discourage industrialisation and delay projects, saying it had "humane" provisions based on lessons from the Singur agitation. "The fears are largely exaggerated and overblown. Any bill that closes the door on forcible acquisition is also in the interests of the nation," rural development minister Jairam Ramesh said, alluding to concerns expressed by industry bodies over the...

-The Hindu The long-pending Land Acquisition, Rehabilitation and Resettlement Bill was passed by the Lok Sabha on Thursday night after Union Rural Development Minister Jairam Ramesh assured the House that the measure allowed enough room for State governments to implement it as per their requirements. The Bill is only setting a bottom line for fair compensation, rehabilitation and resettlement in the case of land acquisition and State governments were free to further...

-The Hindu There was a last-minute hiccup in the passage of the Land Acquisition, Rehabilitation and Resettlement Bill in the Lok Sabha on Thursday when the Trinamool Congress demanded that the clause mandating private projects to take the consent of 80 per cent of landowners be changed to 100 per cent, as is prevalent in West Bengal. The State, Union Rural Development Minister Jairam Ramesh said, could change this provision, but...