The govt has thus rejected the recommendation of the parliamentary standing committee on finance that the 26% FDI cap be a part of the Bill The cabinet on Wednesday cleared Amendments to the Pension Fund Regulatory and Development Authority Bill, 2011, capping the overseas investment limit in the sector at 26%, but retaining the flexibility to raise this limit by stating that it would not form a part of the legislation. The...

The commission has now directed RBI to furnish the information by 10 December to the applicant and publish it on its website by the month-end The Central Information Commission (CIC), which enforces the Right to Information Act, has directed the central bank to make public the names of the top 100 industrialists who have defaulted on loans taken from public sector banks. The Reserve Bank of India (RBI) had declined to disclose...

Wajahat Habibullah, chairperson, National Commission for Minorities, speaks to Kavita Chowdhury on reservation for Muslims, the RTI Act and the controversy over withdrawal of AFSPA in Kashmir. You had recently visited Rajasthan. In Bharatpur district’s Gopalgarh village, some members of the minority community, Mev Muslims, were killed and the state administration was accused of mishandling the matter. What is your view? A communal riot is an unpardonable crime. The state government has taken...

In this Idea Exchange moderated by Senior Editor Archna Shukla, I&B minister Ambika Soni speaks about self-regulation by the media, empowering the Press Council of India and the Congress party’s stand on corruption Archna Shukla: There is a growing perception that the government is unhappy with media criticism. The editor of a leading English daily publicly claimed that government advertisements have been stopped to his publication. Is the government being vindictive? I have...

Prime Minister Manmohan Singh today said rising prices of fuel were a reality Indians needed to deal with as any more subsidies in the oil sector could destabilise the economy. The comment came days after Mamata Banerjee, his biggest ally at the Centre, warned that her Trinamul Congress would quit the ruling UPA if prices of kerosene, diesel and cooking gas were raised. Asked what he thought of the Bengal chief minister’s...