-The Hindu “The purpose of a Budget – and the job of a Finance Minister,” P. Chidambaram declared in his speech, “is to create the economic space and find the resources to achieve the socio economic objectives.” Now that the presentation of and the spate of initial responses to the budget are behind us, it may be appropriate to ask how far the Minister went in accomplishing his self-defined task. Mr. Chidambaram...
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IRCTC fined Rs 10 lakh for selling soft drinks above maximum retail price
-PTI Indian Railway Catering and Tourism Corporation (IRCTC) has been slapped with a fine of Rs 10 lakh by a consumer forum here for selling soft drinks above the maximum retail price (MRP) to two customers. The New Delhi District Consumer Disputes Redressal Forum imposed "punitive compensation" of Rs 5 lakh each in two separate cases against IRCTC, a subsidiary of Indian Railways, and said being a government corporation, "it is not...
More »Deciding who gets to eat -Brinda Karat
-The Hindu By allowing futures trade in food and diversion of farm land for commercial purposes, the UPA government is fuelling the price rise International agencies are warning of high food prices on a global scale in 2013 if urgent action is not taken. But our government shows little concern. The President’s address to Parliament had only a cursory mention of inflation. “Inflation is easing gradually, but is still a problem,” he...
More »FDI in retail will touch only 13.3% of population, Centre tells SC -Dhananjay Mahapatra
-The Times of India The Union government downplayed the opposition's concern over allowing foreign direct investment in multi-brand retail and informed the Supreme Court on Friday that the policy, when fully implemented, would touch the lives of only 13.3% of the country's population living in 53 cities. The government said its policy on FDI in multi-brand retail stipulated that retail sales outlets could be set up only in cities with a population...
More »FDI in retail: SC wants protection of small traders
-PTI Seeks centre's response on some regulatory measure after FDI is allowed The Supreme Court on Tuesday said that interest of small Retail Traders should not be affected due to foreign direct investment (FDI) in retail sector and sought response from the Centre on how it intends to safeguard their interests. A bench headed by Justice R M Lodha asked the Centre to file its response within three weeks. "What checks are there to...
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