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Basu pitches for FDI in multi-brand retail to tame inflation

-The Business Standard   Concerned over rising inflation, the Inter-Ministerial Group (IMG) today suggested opening up multi-brand retail to foreign investors and changes in agriculture marketing laws to check the rate of price rise. “We are taking a clear position on Foreign Direct Investment (FDI) in multi-brand retail. Of course, it is a recommendation, not policy,” said chief economic advisor and IMG chairman Kaushik Basu. The IMG, he added, favours formulation of a...

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Central Delhi to be test case for cash transfer by Sobhana K

The Delhi government might be the first in the country to implement the cash-transfer scheme, replacing the existing public distribution system (PDS). The Food and Civil Supplies Department is in the final round of discussions with the Union government on the issue. Though the Delhi government had put forward this proposal almost three years ago, it had been in cold storage ever since. The project has now been revived. Central Delhi,...

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Petrol price hike unwarranted: AIDWA

-The Hindu   The All-India Democratic Women's Association (AIDWA) has condemned the latest increase in the price of petrol by Rs.5 a litre. “The increase is unwarranted, particularly because international prices of oil had shown a declining trend in recent weeks. This is indeed a post-election gift to people from the UPA government,” a statement issued by AIDWA said on Monday. “For the common people, who were reeling under relentless price rise for...

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Centre has no say in oil prices, says FM

-The Telegraph   The Trinamul Congress was silent on the petrol price hike for the second day, its leaders only saying that Mamata Banerjee would speak on the issue. While Trinamul is still working on its response to the Rs 5 rise that the Left has pounced on to attack the UPA government, of which the party is a key member, finance minister Pranab Mukherjee today said the Centre could not be...

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Gujarat launches its own UID project

Gujarat government has launched a separate unique identity (UID) project for every individual residing in the state, finding that the Government of India`s UID project under top I-T honcho Nandan Nilekani is still largely on paper. Under this project, every individual living in Gujarat will have a separate UID number, which will feature several details-whether the person is below poverty line (BPL) or above poverty line (APL), and whether he pays...

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