The CPI(M) today said the government has "no mandate" to negotiate the Indo-European Union Free Trade Agreement (FTA) without consulting Parliament and political parties as it would adversely affect the economy and large sections of the people. Maintaining that negotiations on FTA "till date have been conducted under a veil of secrecy", it claimed that the Government has in the past signed agreements that "affect large sections of the people adversely...

‘Government does not have mandate to conduct parleys without discussion'Several areas of concerns in texts being negotiated for the India-EU FTAThe Communist Party of India (Marxist) on Saturday expressed concern over the “veil of secrecy” around negotiations for the India-European Union Free Trade Agreement (FTA), and re-emphasised that the Manmohan Singh government did not have the mandate to conduct parleys on it without discussion within the country.Referring to the EU...

A widening corruption scandal that has touched India’s prime minister sent the country’s stock markets down sharply on Friday and threatened to tarnish the country’s image as a rising economic power. Setting off the turmoil was a report from the country’s auditor earlier this week that about $40 billion in wireless spectrum license fees had been squandered by the government’s telecommunications and information technology minister. On Thursday, India’s Supreme Court criticized...

Asian governments, battling soaring food inflation, are pumping ever more resources into agriculture but will struggle to offset rapidly expanding demand in top consumers China and India. China, stung by consumer prices running at a 25-month peak, has been selling state stockpiles. It has also ordered banks to urgently offer support to farmers, an example of the sort of firepower these governments can deploy. With China and India also in many cases...

A lot has been said and written about the visit of Barack Obama, the President of USA to India. The corporate media was in the usual over-enthusiastic drive to bring to its readers and viewers all minute details about his visit from where he stayed and what he ate to how many warships, planes and cars accompanied him and how a whopping $200 million was spent per day for the...