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PFRDA Bill gets President assent

-PTI President Pranab Mukherjee on Friday gave his assent to the Pension Bill, which provides for investment of funds in equity market and opens the sector to up to 26 per cent FDI. The long-pending Pension Fund Regulatory and Development Authority (PFRDA) Bill was passed by Parliament on September 6. "The PFRDA Bill, 2013 has received the assent of the President of India," an official statement said. The legislation provides subscribers a wide choice...

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Food prices rose 157% between 2004 and 2013 -Subodh Varma

-The Times of India NEW DELHI: If you were to ask any random aam aadmi anywhere in India what is the single biggest failing of the UPA, the answer would be - price rise. This is so because the most important items of family spending - food items - have relentlessly risen for the past several years despite repeated promises to bring them down by the economic mandarins and policy wonks...

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1,000 communal clashes, 965 dead in last 8 years -Subodh Varma

-The Times of India NEW DELHI: The recent communal violence in Muzaffarnagar has once again brought home the danger of playing politics with religious beliefs. In the past eight years, there have been nearly a thousand communal incidents across the country. While the casualties are countable - 965 dead and over 18,000 injured - the toll on India's economic and social fabric is beyond any metric. More than half of these...

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