The Left Front has started mobilising the support of non-NDA and non-UPA parties to garner support against the Congress-led UPA government's move to push its economic reforms agenda with three much-delayed financial sector legislations. The Left Front will reach out to regional parties, including AIADMK, Samajwadi Party, Janata Dal (Secular), Biju Janata Dal and Asom Gana Parishad, to gather numbers against the legislations. Despite reservations expressed by UPA ally Trinamool Congress,...

-The Times of India In a first of its kind, the oil ministry has slapped a notice of $1.2 billion, or Rs 7,000 crore, on Mukesh Ambani's Reliance Industries Ltd for a sharp fall in gas output from its showcase Andhra offshore field. The notice, served on Wednesday, says the company would not be allowed to recover from sale of gas the cost of its investments worth $457 million made in the...

With its granaries brimming over, the government faces a crippling dilemma: The tab for releasing foodgrain to make way for new arrivals adds up to Rs 20,000-25,000 crore, an unviable addition to the subsidy bill. The government's bind was succinctly outlined by finance minister Pranab Mukherjee when he told a meeting called by Prime Minister Manmohan Singh on Wednesday that vacating food silos will mean a hefty cost at a time...

Nearly a year after the government started the ambitious socio-economic and caste census (SECC), no big state has begun the enumeration exercise that was touted as a one-stop solution to accurately identify the poor for distribution of social benefits. The delay could undermine the government's attempt to plug the leakages in the Targeted Public Distribution System (TPDS) and delay the Food Security Bill expected to be implemented in November by at...

-The Telegraph A debate on a Bill proposing to speed up divorces could not be completed in the Rajya Sabha today after several parties opposed the legislation, saying it would make life harder for women. Since the subject was changed abruptly and law minister Salman Khurshid could not reply, the discussion was deemed incomplete. The government is expected to suggest some changes after consulting the Opposition when the discussion resumes, for which no...