Indian traders reject FDI in multi-brand retail and emphasise the need for a policy to regulate the labour-intensive sector. TRADERS across the country responded angrily to the Union Cabinet's decision to allow 51 per cent foreign direct investment (FDI) in multi-brand retail trade, disproving the arguments of the United Progressive Alliance (UPA) government and the assessment of corporate India, which had tried hard to make it appear that traders and...
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As losses mount, Areva goes in for huge job cuts by Vaiju Naravane
French nuclear giant Areva, which is planning to sell India six masssive1650 MWe EPR nuclear reactors for the Jaitapur site in Maharashtra, is facing serious financial difficulties with net losses in 2011 placed at well over €1 billion. Areva's CEO, Luc Oursel, announced drastic job cutbacks and the sale of over €2 billion worth of assets, essentially in the company's uranium mines sector, to offset these losses. Trading in the company's...
More »Top judge sets example for babus by Prafulla Marpakwar
Justice B H Marlapalle, one of the most outspoken and distinguished judges of the Bombay high court, has set a new benchmark not only for members of the judiciary but even for high-ranking bureaucrats. A day after retirement, he vacated his official quarters and surrendered his vehicle too. As per the norms, a judge can retain his official accommodation and vehicle for three months after retirement. During his career spanning over...
More »Committee to give Maha school laws a full revision by Yogita Rao
School education laws in the state will soon undergo an overhaul. The Maharashtra Government has set up a committee to synchronise all laws in school education with the centralRight to Free and Compulsory Education (RTE) Act, 2009 . Formed recently by the state's school education department, it will be led by a retired Bombay high court judge and will have experts in education. While the committee will look at all laws in...
More »Nabard sanctions Rs 615 crore loan to Maharashtra govt by Jayashree Bhosale
National Agricultural Bank for Rural Development (Nabard) has sanctioned Rs 615.33 crore to Government of Maharashtra, out of its Rural Infrastructure Development Fund (RIDF) for development of roads and bridges, minor irrigation, kharland projects and construction of anganwadi centres projects in the state. With this sanction, the total amount of loan sanctioned to Government of Maharashtra during 2011-12 aggregates to Rs 615.33 crore. ...
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