Facing criticism over project delays, the government has decided to get cracking and set up a dedicated forum to remove bottlenecks such as coal linkages and environmental and defence clearances that hold up projects.  Top government officials told TOI that following the meeting of the Prime Minister's Council on Trade & Industry last month, the department of industrial policy and promotion has been asked to identify projects and remove bottlenecks in...

-The Economic Times   The Centre came down heavily on states that are opposing foreign investment in multibrand retail for not making their point when the policy was being formulated and said those opposed had the powers to stop companies from opening stores in their boundaries.  Some state governments, including Tamil Nadu and Uttar Pradesh, have opposed the government's proposal to allow 51% foreign direct investment in multi-brand retail and blasted the Centre...

Indian suppliers must be units with investment up to Rs 1.25 cr, says draft before cabinet. Multinational retailers such as Walmart, Tesco and Carrefour looking to open stores in the country may have to source almost a third of their merchandise from small Indian manufacturers as the government tries to make the opening of multi-brand retail to foreign players more politically palatable. The draft cabinet note for permitting 51 per cent foreign...

Caught in the middle of a maelstrom of controversies, the Planning Commission has been accused of being disconnected from ground realities. Its 12th Plan hopes to fix that. A short while ago, the Congress general secretary and scion of the Nehru-Gandhi dynasty, Rahul Gandhi, remarked that members of the Planning Commission are not in touch with the ground realities in India. He could have been somewhat influenced by his father, former...

Mulling It Over     100% FDI allowed in pharma sector through automatic route     Seven top Indian firms have been acquired by MNCs in the past six years     Fear of price rise in generic medicines if MNCs control market     Health, commerce ministries want FDI to go through approvals     PMO meeting key ministries next month to take a decision *** Prime Minister Manmohan Singh has always been firm in reminding domestic industry that their fear...