-IANS The deadlock in Parliament over the government's decision to allow foreign direct investment (FDI) in retail ended on Wednesday after an all-party meeting passed a resolution to suspend the move till a consensus was reached. Both houses of Parliament functioned normally and took the crucial Question Hour for the first time since the winter session began on November 22. Finance minister Pranab Mukherjee who chaired the meeting made a brief statement in...

-CNN-IBN Finance Minister Pranab Mukherjee on Friday claimed that foreign direct investment (FDI) in retail sector will significantly reduce post harvest losses and targeted the Opposition parties for obstructing the implementation of the FDI policy.   "Narrow political considerations are coming in the way of decisions like FDI in retail," said Pranab Mukherjee while addressing the Hindustan Times Leadership Summit in New Delhi. Reiterating that the Government will ultimately be able to persuade everyone...

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...

Recent events in south Asia have led to an unexpected reversal in the narrative of microfinance, long presented as a development success. Despite charges of poor treatment of clients, exaggeration of the impact on the poorest as well as the risks of credit bubbles, the sector can play a non-negligible role in reaching financial services to low-income households. In regulating the sector, there is need for caution in setting interest...

-Kashmir Dispatch   High Court Bar Association has said that the revocation of “draconian laws” like Armed Forces Special Powers Act (AFSPA) can minimize the sufferings of the people in Jammu and Kashmir till its resolution was sought out. Addressing a just-concluded 2-day conference on National Consultation on Human Rights, conducted under the auspices of Human Rights Law network at India Islamic Centre at Lodhi Garden New Delhi India, the General Secretary of...