The current impasse in Parliament has created a logjam that threatens to disrupt the proceedings of the winter session. The latest reason that has brought the situation to such a pass is the decision of the Union cabinet to permit foreign direct investment (FDI) in the multi-brand retail sector, opening the way for international supermarket giants like Wal-Mart, Carrefour and Tesco to open their shops in India. While the Cabinet does...

Finance Minister Pranab Mukherjee may be right in pushing for FDI in retail because reports have been pouring in, indicating that the economic downturn in India and abroad will worsen in coming weeks. 'I want money,' an agitated Finance Minister Pranab Mukherjee reportedly told the Cabinet on Thursday, November 24, when coerced by colleagues from his Congress party for pushing 51 per cent Foreign Direct Investment in retail. The FDI issue is...

In a move most ministries would shy away from, Rural Development Minister Jairam Ramesh has written to the Comptroller and Auditor General (CAG) of India, requesting him for a performance and financial audit of the National Rural Employment Guarantee scheme (NREGA), the most heavily funded flagship scheme of the UPA government. The minister has written to CAG Vinod Rai, who was recently criticised by Prime Minister Manmohan Singh for calling frequent...

The Planning Commission has received a sweeping set of recommendations that proposes free health care and medicines for diverse needs to all Indian citizens, irrespective of economic means. Whether or to what extent the proposals — described as “even bigger” than the UPA’s blockbuster job scheme — will be accepted will depend on the political and executive leadership. If the government throws its weight behind the initiative, it will effectively mean...

-PTI   Studies suggest that MGNREGA has triggered shortage of labour for agricultural operations like sowing and harvesting in the key agri states and has also pushed up general wage level, Parliament was informed today.   These were the findings of state-level studies conducted by Agro Economic Research Centres under the Ministry of Agriculture, Union Agriculture Minister Sharad Pawar said in a written reply to the Rajya Sabha. The studies were conducted in Karnataka,...