-PTI   The United Nations has warned that the world is on the brink of another recession, projecting that global economic growth will slow down further in 2012 and even emerging powerhouses like India and China, which led the recovery last time, will get bogged down.  The UN 'World Economic Situation and Prospects 2012' report has cut the global growth forecast for next year to 2.6 per cent from 4 per cent in...

It also goes back on new method of appointment of CBI Director A day after the Parliamentary Standing Committee attached to the Union Ministry of Personnel finalised its report on the Lokpal Bill, Congress MPs forced the holding of an emergency meeting on Thursday to go back on two key decisions taken on Wednesday: the ruling party MPs on the Standing Committee have now withdrawn the assent they had given to...

The winds of democracy are making it harder for India to negotiate the construction of mega hydel projects in Bhutan. Fixing terms and conditions for bringing power from Bhutan was a cakewalk with the first three hydel projects five years ago. With newspapers other than the Kuensel , a tiny but vocal Opposition in Bhutanese Parliament and exiled leaders raising issues relating to sovereignty, Indian officials are now having to work...

-CNN-IBN   "Many said that Kentucky (KFC) will drive the dhabas out of the market. The dhabas have driven out Kentucky. The Indian sherbet is still there despite Coca Cola and Pepsi. Don't underestimate India." That was former NDA finance minister Jaswant Singh in 2004 when he supported FDI in retail. "Fifty per cent of our population, comprising of small traders, street-vendors and the self-employed, sustain themselves through retail businesses. The UPA government...

The Mamata Banerjee government is planning to take politics — or at least political symbols — out of panchayats, the foundation on which the Left built the edifice that remained impregnable for 34 years. “We would like to have non-political rural bodies as it would uproot petty politics that often halts development projects in rural areas. If things go as planned, the required amendments in the act would come into force...