-The Times of India NEW DELHI: Giving in to pressure from the autorickshaw lobby, the Delhi government on Wednesday decided to raise auto and taxi fares by a significant 25%. The government defended the hike citing inflation and costlier CNG but remained silent on a deadline for installing GPS in 55,000-odd older autorickshaws, a move that could prevent unsuspecting passengers from being taken for a ride. The auto fare hike is substantial. From...

-The Hindu In a relief to the Centre, the Supreme Court on Wednesday upheld the government's proposal to allow foreign direct investment (FDI) in multi-brand retail trade (MBRT) saying the move did not suffer from any unconstitutionality, illegality, arbitrariness or irrationality. A three-judge bench of Justices R.M. Lodha, Madan B. Lokur and Kurian Joseph said "consumer is king and if that is the philosophy working behind the policy then what is wrong...

-The Hindu Business Line   The general tendency among Indian policy makers currently is to blame international price movements for the rise in prices of essential food items in India. The extent to which this claim is valid is assessed by examining the specific case of wheat. It is no secret that Indian food prices are increasingly affected by international prices. Ever since 2002, when all quantitative restrictions on Indian imports of agricultural...

-The Hindu Madurai: Tempers ran high at the Collectorate on Tuesday when a majority of the farmers, who participated at a public hearing, opposed acquisition of land for the proposed SIPCOT industrial estate at Sivarakottai near Tirumangalam in the district. Farmers from Sami Mallampatti, Sivarakottai and Karisalkalanpatti participated in the public hearing organised by the district administration. Collector Anshul Mishra said industries had to be established to provide jobs to the unemployed youth...

-PTI NEW DELHI: Milk will be costlier in Delhi- NCR market with leading supplier Amul deciding to increase the rates by Rs 2 per litre effective from Tuesday. "We have decided to raise the milk price in Delhi-NCR region by Rs 2 per litre. The prices have been hiked after 13 months as input cost have increased," R S Sodhi, the Managing Director of Gujarat Cooperative Milk Marketing Federation (GCMMF), which...