-The Telegraph The Trinamul Congress will oppose foreign direct investment (FDI) in retail and pension funds as well as changes in rules that will allow foreign airlines to invest in Indian carriers. Mamata Banerjee has instructed her sole member of the cabinet — railway minister Dinesh Trivedi — to oppose the retail proposal at tomorrow’s cabinet meeting, the minister confirmed today. The Trinamul roadblock is being seen as an attempt to reaffirm its...
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BJP, Left oppose FDI in retail; UPA also divided
-CNN-IBN As the Cabinet meets to decide on allowing Foreign Direct Investment (FDI) in the multi-brand retail, it remains to be seen whether the Prime Minister will bite the bullet. The Bharatiya Janata Party (BJP), the Left, UPA ally Trinamool Congress along with some Cabinet ministers Veerappa Moily and Mukul Wasnik have opposed it. While the BJP feels that FDI will lead to unemployment, the Left has said that it may lead...
More »Cabinet clears Companies Bill; to be taken up this session
-The Indian Express The Cabinet today approved the Companies Bill 2011 which, once approved by Parliament, will replace half-a-century-old Act. "The Cabinet has cleared Companies Bill, 2011. It is likely to be tabled (for consideration and passage) in the ongoing Winter Session," a Corporate Affairs Ministry official said after the Cabinet meeting. The Bill, which has already been vetted by the Parliamentary Standing Committee of Finance and also by different ministries, seeks to...
More »Hazare-style protests a “danger” to democracy, says Lord Parekh by Hasan Suroor
The growing public support for Anna Hazare-style protests, led by unelected campaigners, bode ill for Indian democracy, distinguished academic and Labour Peer Bhikhu Parekh warned while delivering the 2011 Jawaharlal Nehru Memorial Lecture here on Monday. The Indian democracy, he said, was in danger of losing legitimacy if elected politicians failed to meet public expectations and people, in frustration, started mobilising around “leaders” who had no democratic mandate but could have...
More »I-T probe rolling in black cash cases by Pradeep Thakur
Finance secretary R S Gujral on Tuesday said the income tax department has started prosecution proceedings against all those found guilty of stashing black money abroad, including the Indians found having accounts in HSBC, Geneva. Gujral said it was an entirely wrong notion that people found accused in black money cases would be left without prosecution. "We have started prosecution process and we are bound by no agreement not to do...
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