-Outlook The government has not made any assessment on presumptive losses following the CAG report on the 2G spectrum issue, Parliament was informed today. "No assessment of the value of presumptive loss caused to the nation after the publication of CAG report in 2G spectrum matter has been made by the Government of India," Minister of State for Finance Namo Narain Meena said in a written reply in the Rajya Sabha. To a...
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Govt. orders judicial probe into Walmart lobbying
-PTI Bowing to opposition pressure, the government on announced a time-bound inquiry by a retired judge into reports of lobbying by retail giant Walmart to gain entry into India. Parliamentary Affairs Minister Kamal Nath made the announcement as soon as the Lok Sabha met for the day. “Government will appoint a retired judge to hold a time-bound inquiry into the media reports regarding Walmart,” Mr. Nath said. The issue of retail giant Walmart lobbying...
More »FDI in pension: Central govt employees to go on token strike
-The Financial Express A Central employees' union will go on a token strike tomorrow to protest against the Pension Bill and the Centre's decision to allow FDI in pension. The Confederation of Central Employees and Workers said employees throughout the country were agitated over the government's fresh move to introduce the PFRDA Bill in this ongoing Parliament session. "It is surprising that even after findings of the Committee set up by the government...
More »Wal-Mart row: Government ready for probe, Kamal Nath says
-The Times of India The government has said that it is ready to probe the Wal-Mart lobbying report. The government is also concerned about the disclosure and is open to an inquiry to know the truth, parliamentary affairs minister Kamal Nath told reporters outside Parliament on Tuesday. The BJP wants a time-bound judicial probe into the isues Earlier, the row resonated once again in the Parliament on Tuesday leading to adjournment of both the...
More »For profit, not people-Sitaram Yechury
-The Hindustan Times With UPA 2 having carried the day on the motions disapproving foreign direct investment (FDI) in India’s multi-brand retail trade sector, the crescendo for a fresh round of GenNext reforms has reached a higher pitch. The editorial in this newspaper titled The slog overs have begun (Our Take, December 10) states, “Now that FDI in retail is through, the UPA must push ahead with other reforms.” The Congress-led coalitions...
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