Finance Minister Pranab Mukherjee may be right in pushing for FDI in retail because reports have been pouring in, indicating that the economic downturn in India and abroad will worsen in coming weeks. 'I want money,' an agitated Finance Minister Pranab Mukherjee reportedly told the Cabinet on Thursday, November 24, when coerced by colleagues from his Congress party for pushing 51 per cent Foreign Direct Investment in retail. The FDI issue is...

-Reuters   Countries will make a last ditch effort to save a dying Kyoto Protocol at global climate talks starting on Monday aimed at cutting thegreenhouse gas emissions blamed by scientists for rising sea levels, intense storms and crop failures. Kyoto, which was adopted in 1997 and entered into force in 2005, commits most developed states to binding emissions targets. The talks are the last chance to set another round of targets...

Markandey Katju's forthright comments on the state of the Indian news media and the intellectual competence of many journalists have certainly raised many hackles. One does not have to agree with everything the chairman of the Press Council of India diagnoses or prescribes to see that his observations have hit home. Nor are his concerns confined to how and in what respects journalism and many journalists go astray and let...

Karnataka, India’s IT success story and its most preferred destination for foreign investment, boasts of the country’s highest per capita income. Its economic indicators are nothing short of superlative and yet the South Indian State accounts for thousands of child deaths due to malnutrition. A recent report shows that despite high SGDP Growth and heightened economic activity, Karnataka fares poorly in hunger index and child malnutrition. A recent report by news...

-Reuters   India's Growth story is still "credible" and the move to open up the economy to global supermarket chains will help Growth and control inflation, RBI governor Duvvuri Subbarao said on Friday. "It's commendable that government has taken the initiative. Let's hope that it will improve the logistics chain and supply chain management in agriculture," Subbarao said in a speech in Chandigarh. Late Thursday, the government approved 51 percent foreign direct investment in...