India has approved long-awaited proposals to open up the retail market to global supermarket chains. Food Minister KV Thomas said the cabinet has agreed to 51% foreign ownership of multi-brand retail stores, allowing groups like Wal-Mart and Tesco to open stores. Such operators currently can only sell wholesale in India and not directly to customers. A decision on the issue has been pending for two years. Mr Thomas told reporters that the cabinet decided...

The internal documents of the CAG present a different picture to the one presented by PAC’s chairman Murli Manohar Joshi The chairman of the Public Accounts Committee (PAC) tried repeatedly to get the government’s auditor to share with him details of its audit of the controversial allocation of second-generation telecom spectrum in 2008 (known as the 2G scam), according to documents reviewed by Mint. The internal documents of the Comptroller and Auditor...

Exact math used by the government’s auditor in its calculation of losses and the process it followed still unclear The Comptroller and Auditor General of India (CAG) may have taken a cue from the Public Accounts Committee (PAC) while calculating losses arising from the improper allocation of second-generation spectrum to telecom companies in 2008 (or the so-called 2G scam), according to documents reviewed by Mint. This is not to suggest that the...

Anna Hazare’s Ramlila brinkmanship flamed deep into another night despite the UPA’s many accommodations and in defiance of mounting civil society and intelligentsia opinion that the government had committed to enough on the Lokpal legislation for him to break his fast. Hazare and his core team of Arvind Kejriwal. Prashant Bhushan and Kiran Bedi remained unmoved by public and bipartisan commitment from the highest quarters that key features of their Jan...

-The Telegraph   The Congress today restated the government’s position of being opposed to including the Prime Minister and the higher judiciary in the ambit of the Lokpal bill, a day before Sonia Gandhi’s scheduled meeting with Anna Hazare. Hazare and his team insist that the offices should come under the scrutiny of the ombudsman. The BJP, which heard out Hazare and his colleagues today, made it clear that it will not “compromise”...