-The Times of India NEW DELHI: The Prime Minister on Friday called for a political consensus on "more difficult reforms", indicating that the government was considering a cut in fuel subsidy, which would mean higher petrol and diesel prices, and bringing in measures to curb gold imports. Making a statement in the Lok Sabha on the current economic situation, Manmohan Singh admitted that the current account deficit had gone up sharply and...

-The Hindu The long-pending Land Acquisition, Rehabilitation and Resettlement Bill was passed by the Lok Sabha on Thursday night after Union Rural Development Minister Jairam Ramesh assured the House that the measure allowed enough room for State governments to implement it as per their requirements. The Bill is only setting a bottom line for fair compensation, rehabilitation and resettlement in the case of land acquisition and State governments were free to further...

-The Hindu With the economic boom petering out, those who benefitted from it are angry with the government for the Food Security Bill because it is paying attention to the needs of the underprivileged for a change This week's received wisdom insists that the Indian economy has irretrievably collapsed because on Monday, the Lok Sabha passed the National Food Security Bill (NFSB). The Hindu Business Line headline (Aug.28, page 1) said it...

-The Times of India NEW DELHI: Concerns of industry took a backseat as political parties, spurred by the oncoming election season, joined hands in Lok Sabha on Thursday to pass the land acquisition Bill that enshrines consent of landowners and steep hikes in compensation. As when the food security Bill was passed earlier this week, competitive populism took centrestage with Congress toasting Rahul Gandhi as the inspiration behind the legislation and BJP...

-The Hindu There was a last-minute hiccup in the passage of the Land Acquisition, Rehabilitation and Resettlement Bill in the Lok Sabha on Thursday when the Trinamool Congress demanded that the clause mandating private projects to take the consent of 80 per cent of landowners be changed to 100 per cent, as is prevalent in West Bengal. The State, Union Rural Development Minister Jairam Ramesh said, could change this provision, but...