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Govt allows FDI in multi-brand retail, aviation

-Reuters India opened its supermarket sector to foreign chains on Friday after months of dithering, pushing ahead with the boldest reforms yet in Prime Minister Manmohan Singh's government as it tries to revive the country's tottering economic growth. The government has decided to allow foreign airlines to buy stakes of up to 49 per cent in local carriers, heavy industries minister Praful Patel said on Friday, in a much-awaited policy move that...

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NAC panel drafts pre-legislative process-Anuja

-Live Mint The Sonia Gandhi -led National Advisory Council (NAC) may be moving closer to formulating a pre-legislative process that will involve a thorough, time-bound discussion of Bills before they become law. “The need for such a policy of consultation is necessary to evolve from a representative democracy to a participatory, deliberative democracy, particularly for accountability to the people in the formulation of law and policy,” said the draft recommendation of NAC’s working...

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All Goa iron ore mines lose green clearance -Murari Shetye

-The Times of India PANAJI: Following the adverse report by the Shah commission on illegal mining in Goa, the Union environment and forests minister Jayanthi Natarajan on Wednesday announced the suspension of environment clearances given to all 93 functional mining leases in the state. The orders came a day after TOI's story on how the central government had given illegal clearances to Goa's iron ore mines even under PM Manmohan Singh's watch...

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FDI: Government trying to get Mamata Banerjee's support

-The Economic Times The government has revived its efforts to get Trinamool Congress on board its plans to ease foreign investment rules for civil aviation and muti-brand retail. Civil aviation minister Ajit Singh is expected to discuss the issue of allowing foreign airlines to buy stake in Indian carriers with chief minister Mamata Banerjee on September 14. Government leaders had tried to work out a consensus on the two issues at the...

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Rise of crony journalism and tainted money in media -R Jagannathan

-First Post A lot has been written in recent weeks about crony capitalism, but an important issue for the media to introspect over is this: can this happen without significant amounts of crony journalism? When media companies begin to think they can run coal plants, surely this compromises them (Lokmat Group, DB Corp). When political parties think they ought to own media houses or be aligned to one (YSR Congress’ Sakshi, the...

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