-The Indian Express The Employees' Provident Fund Organisation is set to widen its investment horizon by including 'AAA' rated corporate bonds of any private company in its portfolio following a clean chit from Crisil, a move that can open up a window for blue-chip corporates to raise about Rs 35,000 crore through long-term debt papers annually. Crisil, which was appointed by EPFO to advice on investment portfolio, has said that none of...
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Poor turning poorer as food prices zoom
-One World South Asia South Asia’s households fall into poverty as the result of higher food prices as food prices increase. According to the latest Food Price Watch, global food prices increased 10% between June and July 2012 with staples such as wheat increasing 25% in the period. The crisis continued affecting food and nutrition security throughout South Asia. Bad weather, trade curbs, oil prices and bio-fuel diversions have all led to...
More »Govt to ease norms to cut 'green tape' -Rajeev Deshpande
-The Times of India Keen to snap out of a policy coma and rev up an anaemic economy, the government is looking to slash " green tape" by making lease extensions simpler, amending restrictions on work beginning on projects where forest land is involved and easing expansion norms for mines. Sifting through highly polarizing arguments, new initiatives aim to reduce points of contention that have often locked ministers in charge of economic...
More »Rail Tariff Authority to take call on fare hike -K Balchand
-The Hindu Union Railway Minister C.P. Joshi has announced the decision to constitute a Rail Tariff Authority, based on which the next hike in passenger fares and freight rates will be effected. The Tariff Authority is an attempt at insulating the Railways from various hikes being effected by the government, including on fuel price, which officials regard as having made the operation of the Railways in the current situation unviable. Addressing the Economic...
More »FDI in Retail: A Low-down on the Falsehood over an Exclusionary Policy-Kamal Nayan Kabra
-Mainstream Weekly Intense and motivated propaganda, powerful national and international diplomatic pressure, verging on pure and simple arms-twisting of the kind the Third World has been facing for decades by means of the active role of the econo-mic hit-men in the policy establishments, huge cash-back lobbying, both in India and abroad, blunt attempts to bamboozle the persons holding key positions in India’s policy establishment through a combination of hissing and kissing...
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