-CNN-IBN As the CABinet meets to decide on allowing Foreign Direct Investment (FDI) in the multi-brand retail, it remains to be seen whether the Prime Minister will bite the bullet. The Bharatiya Janata Party (BJP), the Left, UPA ally Trinamool Congress along with some CABinet ministers Veerappa Moily and Mukul Wasnik have opposed it. While the BJP feels that FDI will lead to unemployment, the Left has said that it may lead...

-The Indian Express   The CABinet today approved the Companies Bill 2011 which, once approved by Parliament, will replace half-a-century-old Act. "The CABinet has cleared Companies Bill, 2011. It is likely to be tabled (for consideration and passage) in the ongoing Winter Session," a Corporate Affairs Ministry official said after the CABinet meeting. The Bill, which has already been vetted by the Parliamentary Standing Committee of Finance and also by different ministries, seeks to...

-The Indian Express While the BJP and the Left have been objecting to allowing FDI in retail, ally DMK’s stand could spell trouble for the government. However, there’s some relief in sight with Trinamool Congress chief Mamata Banerjee hinting that she is open to discussions on the issue. A few hours before the Union CABinet cleared FDI in retail, Banerjee indicated that her party was open to discussions on the matter, without...

The Manmohan Singh government has decided to create a sub-quota for Muslims within the 27 per cent reservation for Other Backward Castes (OBCs) and an announcement is likely before the Uttar Pradesh elections next summer. Sources said inter-ministerial consultations had been completed and the law ministry was finalising the contours of the proposal to be placed before the Union CABinet in the next few weeks. Indications are that a sub-quota of 6...

-The Business Standard   Almost three months ago, the Union CABinet cleared the Land Acquisition, Rehabilitation and Resettlement Bill, 2011. For all projects without a public purpose and requiring more than 100 acres of land, the Bill had made mandatory the consent of 80 per cent of the people whose land would have to be acquired. In addition, the compensation for land was pegged at 100 to 300 per cent over the...