The Rs.3,884-crore package for the handloom sector, which includes one-time waiver of overdue loans and interests, approved by the Union Cabinet, is expected to benefit about 3-lakh weavers and 15,000 cooperative societies, which would have access to institutional credit once again. However, the package will benefit only those who took loan before March 31, 2010. “There would be many weavers who had no access to institutional credit in the past and...

The central government claims that allowing foreign direct investment into India’s retail sector will benefit small farmers, expand employment and lower food inflation. What has been the experience in India with organised retail so far and what has been the global experience with FDI? Sukhpal Singh (sukhpal@iegindia.org) is currently at the Institute of Economic Growth, Delhi. After being under relentless attack for a week, the United Progressiv Alliance government was forced to...

-CNN-IBN The Union Cabinet on Tuesday cleared three major anti-corruption bills – Citizen's Charter Bill, Judicial Accountability Bill and the Public Interest Disclosure and Protection to Persons Making the Disclosures Bill (Whistleblower's Bill) – in a crucial meeting. The Cabinet, however, met amid reports of clearing four crucial bills, including Congress president Sonia Gandhi's favourite, the National Food Security Bill. However, a decision on the Food Security Bill was deferred to next week...

-The Times of India   Chief minister N Kiran Kumar Reddy on Sunday said farmer welfare topped the government's list of priorities and that agriculture would undoubtedly be given maximum impetus. Talking to officials about his government's newest initiatives on the eve of the state-level bankers' committee meeting at his camp office, the CM urged them to ensure that all welfare measures for farmers are implemented in a transparent manner. He made it...

-The Hindu   The Communist Party of India (Marxist) on Thursday refuted the “specious explanations” on inflation given by Finance Minister Pranab Mukherjee saying his statement hid the government's failure to check price rise. Reacting to his November 22 suo motu statement in Parliament, the CPI(M) Polit Bureau said: “It is nothing but an exercise in deception to conceal the utter failure of the UPA government in checking the relentless price rise.” While referring...