FDI in single-brand retail raised from 51 to 100%   In a bid to remove the impression that UPA-II is suffering from a “decision making paralysis” and kicking off the second generation reforms, the Union Cabinet on Thursday gave its approval for 51 per cent foreign direct investment (FDI) in multi-brand retail and 100 per cent FDI in single-brand retail. The decision is likely to clear the decks for the entry of foreign...

-The Times of India   After debating the issue for over a decade, the government on Thursday threw open the multi-brand retail segment to foreign chains such as Wal-Mart, Carrefour and others in a move to attract overseas investment and dispel doubts about the coalition's ability to push through big-bang reforms.  After nearly two hours of discussion on Thursday evening, the Union Cabinet decided to allow foreign retailers to hold 51% stake in...

The audience, organisers, and fightersknow that sham wrestling is not to betaken seriously. But the World Economic Forum takes itself seriously. The comforting thing about the sham wrestling ‘championships' on television is that everybody knows they are a farce. Steroid-stuffed Cro-Magnons stomp the living daylights out of painkiller-primed Neanderthals. Good, unclean fun. The results are safely predictable. You should expect the 600-pound gorilla to overwhelm the 900-pound one in a staggering...

The contentious revised Sports Development Bill has got a fresh thrust with the Aruna Roy-led civil society group, the National Campaign for Peoples' Right to Information (NCPRI), throwing its weight behind the move to bring about transparency and accountability in the running of sports in the country. The NCPRI statement signed by Team Anna member Prashant Bhushan along with others like Ms. Roy, Nikhil Dey, Shekhar Singh and Anjali Bharadwaj has...

The Sports and Youth Affairs Ministry has moved the Cabinet note on the revised Sports Development Bill for inter-ministerial consultations. The Bill seeks to bring about accountability and transparency in the administering of sports. Dissent note The Bill, which has drawn support from various quarters including eminent sportspersons and members of the civil society, is aimed at bringing about efficiency and transparency in the working of the national sports federations and seeks...