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Delhi re-tests FDI waters

-The Telegraph The Centre has renewed efforts to forge a consensus on allowing foreign direct investment in multi-brand retail by writing to all chief ministers, seeking to drive home the urgency against the backdrop of grim economic data. “Letters have been written to all chief ministers to build consensus to open up the multi-brand retail sector to FDI,” a commerce ministry official said. The statement came a day after the country Posted its...

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Government to cut its expenditure, launch austerity drive

-IANS Facing a slow-down in the economy, the government has launched an austerity drive to reduce expenditure, banned new Posts and meetings in five-star hotels besides restricting foreign travel. The finance ministry, which issued the office memorandum on "Expenditure Management - Economy Measures and Rationalisation of Expenditure" Thursday also asked all ministries to reduce non-Plan expenditure by 10 percent in 2012-13. "There will be a total ban on holding of meetings and conferences...

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Centre to send paramilitary personnel to Chhattisgarh-Sandeep Joshi

The Ministry of Home Affairs (MHA) has decided to send an additional 4,000 paramilitary personnel to Chhattisgarh, to strengthen anti-Naxal operations being carried out jointly by the Centre and the State government. The move follows Union Home Secretary R. K. Singh's visit to the state capital, Raipur, on Tuesday. It is learnt that the State government urged Mr. Singh to augment central paramilitary personnel in one of the worst Naxal-affected states....

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Affirmative action and its limits-Hilal Ahmed

Andhra HC judgment redefines the complex relationship between religion, caste and reservations The recent judgment of the Andhra Pradesh high court that sets aside a sub-quota of 4.5 per cent for “socially and educationally backward classes of citizens belonging to minorities” within the 27 per cent reservation for OBCs reminds us of the contested notion of backwardness in the Indian context. Highlighting serious concerns regarding the ways in which social backwardness...

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More cases of 'wilful' default on bank loans by farmers

-Reuters SUPALI: Two years ago, Vilas Yelmar took out a 200,000 rupee ($3,610) bank loan to develop a small grape orchard in a dusty hamlet southeast of Mumbai. The bank has repeatedly asked for the loan to be repaid, but Yelmar, whose annual income has risen to 2 million rupees, has spent the money on a new sport utility vehicle and a lavish family wedding. He is one of an increasing number...

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