-PTI The southwest monsoon that accounts for more than 70 per cent of the country’s annual rainfall is set to withdraw from northern and parts of western India in the next 48 hours. The monsoon has brought bountiful showers since August in a late rally that has cheered millions of farmers. This will be the seventh straight year when the withdrawal, which normally begins in the first week of September, has been delayed...
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After foreign investors, government balm for aam aadmi -Rajeev Deshpande
-The Times of India An SMS alert that tells the position of stocks in ration shops. A front-to-back computerization tracking food grain movement from procurement to rations shops. And a swipe card to allow BPL users to access subsidized food grain. A two-stage Rs 4,200 crore recast of India's notoriously leaky public distribution system (PDS) is likely to considered by the Cabinet on Monday along with a Rs 1.25 lakh crore expansion...
More »Floods worsen in Assam as heavy rain continue to lash Arunachal -Prabin Kalita
-The Times of India GUWAHATI: The flood situation in the Assam worsened further on Saturday as heavy showers continued in Arunachal Pradesh. A population of nearly five lakh in 14 districts has been hit. According to the MET department, the southwest monsoon was vigorous over Arunachal Pradesh and also active over Assam and Meghalaya in last 24 hours, causing light to moderate rain at most places in Arunachal Pradesh and some places...
More »Accounts of PSU oil companies under scrutiny -Siddharth
-The Times of India The finance ministry has ordered a scrutiny of the books of oil marketing companies to see if the under-recoveries stated by them are in order or not. The move was initiated at the behest of finance minister P Chidamabram, who asked his officers to look into the issue even before diesel prices were raised and a cap on subsidized cooking gas cylinders was announced last week. The exercise...
More »Retail FDI-for people or MNCs? -Shekhar Swamy
-The Hindu Business Line A system that generates wealth and jobs for millions will be replaced by retail giants with the pricing power to squeeze farmers and consumers. The UPA Government announced its policy last week, of inviting big multinational retailers to come and take over the Indian market. Predictably, the pro-lobby that has worked behind the scenes has expressed delight. Oddly, the words and concerns of the masses who are about to...
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