-PTI Batting for bringing flexibility in UPA's flagship NREGA, Union Minister Jairam Ramesh on Sunday said the scheme has failed to achieve the three objectives of wage employment, creating community assets and empowering gram panchayats at the same time in any state. Stating that all jobs cannot be provided in areas where the youths want them, he called for encouraging migration across all states and noted with concern the "discrimination" in housing...
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Govt to start new infrastructure projects: PM
-PTI The Government will kick-start a number of new infrastructure projects including 8 new airports and two new sea-ports in the coming months to boost sluggish economic growth, Prime Minister Manmohan Singh said on Thursday. With economic growth slowing to a decade low of 5 per cent, the Congress-led UPA government has further opened the economy to foreign direct investment and now wants to use investments for returning to high growth...
More »DMK support for Food Security Bill with no strings attached unlikely
-The Hindu Chennai: The Dravida Munnetra Kazhagam will support the Food Security Bill only if it does not infringe on existing rights of Tamil Nadu, said party leader M. Karunanidhi on Friday. In a statement here, he said the Centre should not impose its provisions on State governments, but should allow them to implement it depending on the situation existing in every State. "It is a constructive approach on the part of the...
More »Walmart's investment in Cedar violates FEMA, RBI rules: CBI -Rasul Bailay
-The Economic Times NEW DELHI: The Central Bureau of Investigation (CBI) has said Walmart's $100-million investment in Cedar Support Services, the holding company of Bharti Retail, in 2010, violated India's foreign exchange rules as well as Reserve Bank of India (RBI) guidelines but said as these violations did not fall within its purview, it cannot investigate the matter. "The case was analysed which reveals violations of RBI guidelines and Fema regulations," the...
More »Bribery probe against Walmart inconclusive, but no clean chit to US retailer -Anandita Singh Mankotia
-The Economic Times NEW DELHI: Terming some of the answers provided by Walmart as "incomprehensible" and parts of the deposition by its just departed India boss Raj Jain as "ambiguous", a government committee set up to look into whether the US behemoth indulged in bribery in India, has refused to give it a clean chit, complicating its efforts to draw a line under the episode. The one-man committee under Justice Mukul Mudgal...
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