-The Indian Express   With Trinamool Congress chief Mamata Banerjee resigning from the Union Cabinet to take over as the Chief Minister of West Bengal, the Sonia Gandhi-led National Advisory Council (NAC) today completely sidelined her objections against government role in land acquisition — even for private industry. “The government will be acquiring 100 per cent of the land for public purpose by offering very good compensation to landowners. If the public purpose...

Even as she said that she would welcome the Tatas setting up a unit at Singur, Chief Minister Mamata Banerjee said here on Wednesday that the agreement signed between Tata Motors and the previous government for the Nano project would be put in the public domain within a day or two. Briefing the Press after her second Cabinet meeting since assuming office last weekend, she said: “As a reciprocal gesture, I...

-The Economic Times   World Trade Organisation (WTO), the primary international body to help promote free trade has questioned India for providing subsidy on only indigenous ammonium sulphate and not on the imported fertiliser. " WTO has asked India to furnish details as to why it has kept imported ammonium sulphate out of the ambit of Nutrient-Based Subsidy (NBS) policy," a senior Fertiliser Ministry told PTI. The Fertiliser Ministry is still examining the...

The Sonia Gandhi-led National Advisory Council has proposed that landowners should be paid six times the registered sale deed value as compensation and a solatium in case of compulsory acquisition by the state. The council sat through the day today firming up recommendations for the land acquisition bill the Centre plans to introduce in the next session of Parliament. Sonia was present for nearly six hours. It also proposed that compensation should...

The steadily rising rate of economic growth in India has recently been around 8 percent per year (it is expected to be 9 percent this year), and there is much speculation about whether and when India may catch up with and surpass China’s over 10 percent growth rate. Despite the evident excitement that this subject seems to cause in India and abroad, it is surely rather silly to be obsessed...