-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...

-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 state government has finally decided to compensate cotton growing farmers on the basis of their land holding rather than on the crop sold. Chief minister Prithviraj Chavan on Wednesday said it was not possible to compensate farmers on a per quintal basis — a demand by a few Opposition parties — because many farmers had already sold their cotton. However, Chavan said the state government had not yet decided on the...

-The Telegraph   Chief minister Mamata Banerjee today put responsibilities of governance before demands for payback by a section of civil society that described as “fascist” the denial of permission to hold a protest in the heart of the city to push for demands voiced by Maoists. “There are many who had supported me before the Elections and have turned away since then…. It does not matter to me,” Mamata said today in...