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Flunking Atomic Audits-MV Ramana

-Economic and Political Weekly The recent Comptroller and Auditor General's report on the Atomic Energy Regulatory Board and, more broadly, on nuclear safety regulation has highlighted many serious organisational and operational flaws. The report follows on a series of earlier CAG Reports that documented cost and time overruns and poor performance at a number of nuclear facilities in the country. On the whole, the CAG Reports offer a powerful indictment of...

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Small is big in Asia’s booming retail sector -A Srivathsan

-The Hindu Organised retail involving FDI and international players can lead to a shrinking of traditional small merchant trade. That is bad news for political parties and governments. When discontent among traders brews, they act. A. Srivathsan looks at how Japan, Indonesia and Thailand responded, using zoning laws and size regulation as a control mechanism. Look East to find out what happens when foreign retailers set up shop. Asia’s recent economic history...

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‘Biodiversity norms for green clearances coming’ -Priscilla Jebaraj

-The Hindu “Environmental impact assessment tends to ignore wider impact on biodiversity” In a move that will bring cheer to wildlife lovers but could dismay industry lobbyists already complaining about the difficulty in obtaining green clearances, the government plans to add biodiversity conservation as a new criterion to grant environmental and forest clearances. “There is no biodiversity clearance till now,” admitted Union Environment Minister Jayanthi Natarajan, speaking ahead of the United Nations summit...

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FDI in retail: Traders in Kerala down shutters

-PTI THIRUVANANTHAPURAM: Trading activities came to a virtual halt across Kerala on Wednesday as shop owners downed shutters to protest against the policies of the Central and state governments, including the decision to allow FDI in multi-brand retail. Early Reports from different centres said the response to the shut-down call given by traders' unions like Kerala Vyapari Vyavasayi Samiti (KVVES) has been total, especially in urban areas. Majority of hoteliers also joined the...

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Let’s not overrate foreign investment -Pulapre Balakrishnan

-The Hindu The government’s claim that it will dampen inflation, bring higher prices for farmers and lower prices for customers may be somewhat exaggerated With the intention of signalling a strong commitment to reforms, the UPA government has announced a hike in the price of diesel and liberalisation of foreign direct investment (FDI) in multi-brand retail, justifying the measures as growth-enhancing and inflation-dampening. They have been termed bold by India’s corporate sector...

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