-The Telegraph The Indian Economy.grew at just 4.4 per cent in the first quarter ended June 30 - its slowest pace in four years. The grim figure deepened worries for the UPA government, which has been battling criticism over its failure to halt the slide in the rupee, cap deficits, ignite growth and slam the lid on inflation. The tepid growth had been anticipated with finance minister P. Chidambaram acknowledging a few...

-The Times of India NEW DELHI: The Prime Minister on Friday called for a political consensus on "more difficult reforms", indicating that the government was considering a cut in fuel subsidy, which would mean higher petrol and diesel prices, and bringing in measures to curb gold imports. Making a statement in the Lok Sabha on the current economic situation, Manmohan Singh admitted that the current account deficit had gone up sharply and...

-The Hindu The move to redefine 'handloom' is in the interest of powerloom operators who will be able to corner benefits meant for weavers "Any loom, other than powerloom; and includes any hybrid loom on which, at least one process for weaving requires manual intervention or human energy for production." (The new definition of handloom proposed by Ministry of Textiles) The textile industry in India comprises three sectors - the mill, the powerloom and...

-The Telegraph The Centre today sought to allay fears that the proposed land acquisition law would discourage industrialisation and delay projects, saying it had "humane" provisions based on lessons from the Singur agitation. "The fears are largely exaggerated and overblown. Any bill that closes the door on forcible acquisition is also in the interests of the nation," rural development minister Jairam Ramesh said, alluding to concerns expressed by industry bodies over the...

-The Hindu With the economic boom petering out, those who benefitted from it are angry with the government for the Food Security Bill because it is paying attention to the needs of the underprivileged for a change This week's received wisdom insists that the Indian Economy.has irretrievably collapsed because on Monday, the Lok Sabha passed the National Food Security Bill (NFSB). The Hindu Business Line headline (Aug.28, page 1) said it...