-The Times of India   After debating the issue for over a decade, the government on Thursday threw open the multi-brand retail segment to foreign chains such as Wal-Mart, Carrefour and others in a move to attract overseas investment and dispel doubts about the coalition's ability to push through big-bang reforms.  After nearly two hours of discussion on Thursday evening, the Union Cabinet decided to allow foreign retailers to hold 51% stake in...

-The Telegraph   The Trinamul Congress will oppose foreign direct investment (FDI) in retail and pension funds as well as changes in rules that will allow foreign airlines to invest in Indian carriers. Mamata Banerjee has instructed her sole member of the cabinet — railway minister Dinesh Trivedi — to oppose the retail proposal at tomorrow’s cabinet meeting, the minister confirmed today. The Trinamul roadblock is being seen as an attempt to reaffirm its...

The country's main planning body will overhaul of the system of village panchayat in the next Five-Year Plan period to improve its functioning and check siphoning of funds meant for social sector programmes.  Over 250,000 panchayats or village councils in the country collectively handle about Rs 90,000 crore in social sector funds every year, but embezzlement by village representatives often prevents the benefits of welfare schemes from reaching the needy.  To remedy...

An unprecedented economic growth during the last decade has also seen increasing malnutrition, hunger and starvation amongst certain sections of society. India ranks 66 in the Food and Agriculture Organisation’s (FAO’s) World Hunger Index of 88 countries (Inter-national Food Policy Research Institute). More than 200 million people in this country are denied the right to food. One-third of all underweight children (57 million) in the world due to lack of...

Rural development minister Jairam Ramesh has proposed social audits for the centre's big-ticket welfare programmes running under different ministries, on the lines of the scrutiny that he recently mandated for the flagship rural jobs scheme. "The concept has the potential to revolutionise the system. If we can have social audits for three-four major social sector schemes, it will change the way the country functions," Ramesh said. If the proposal is...