-The Economic Times A couple of months ago, the UPA government cleared Foreign Direct Investment (FDI) in retail. It is a politically risky step. But for once, Prime Minister Manmohan Singh showed both spine and spunk biting the bullet. Since then, both Left parties and the BJP have expressed serious reservations over the decision. The general view is that it will affect the lakhs of small, indigenous kirana stores spread across...
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Iron ore export scam: CBI registers five cases, raids firms
-PTI The CBI has registered five cases in connection with illegal iron ore export scam worth Rs. 2500 crore and carried out searches at 17 locations, including in the premises of associates of jailed mining baron G Janardhan Reddy, on Saturday. Acting on the orders of Supreme Court which asked the agency to probe the scam, the agency registered five cases and a preliminary enquiry against firms and exporters allegedly related...
More »India loses Rs 60,000 crore due to traffic congestion: Study-Dipak K Dash
-The Times of India The country loses Rs 60,000 crore a year due to congestion (including fuel wastage), slow speed of freight vehicles and waiting time at toll plazas and checking points, a study on operational efficiencies of freight transportation by roads has claimed. It said vehicles crawl at an average speed of less than 20 kmph on some key corridors such as Mumbai-Chennai, Delhi-Chennai and Delhi-Guwahati while it's only 21.35 kmph...
More »What cost his job: bold budget, new tariff ideas
-Express News Service On Wednesday, Railway Minister Dinesh Trivedi lost his job for doing what two of his immediate predecessors — one of them his own party boss — could not. After 10 years, fares of passenger trains were finally increased in the rail budget that Trivedi presented, with the aim of pumping in much-needed funds into the financially ill national transport utility. Rolled out in two forms, the “fare rationalisation” models...
More »Tripura to get PDS rice via Bangladesh by Samudra Gupta Kashyap
-The Indian Express Exactly a month after Bangladesh Prime Minister Sheikh Hasina’s visit, her government has allowed transportation of PDS rice to Tripura through her country. The Bangladesh government has approved the use of Ashuganj port as well as the Ashuganj-Agartala road across the international border to transport the first consignment of 5,000 tonnes of rice in the next couple of weeks, which will save Food Corporation of India (FCI) a circuitous...
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