-IPS News When India was admitted to the world’s nuclear power industry nearly five years ago, many believed that this country had found a way to quickly wean itself away from dependence on coal and other fossil fuels that power its economic growth. After all, India already had a home-grown nuclear power industry that was producing about 4,000 megawatts of power from 19 nuclear reactors, defying a United States-led embargo on nuclear...

-The Economic Times The move to ease diversion of forest land for industrial use by the Prime Minister's Office faces further delay as the ministries of tribal affairs and environment want more time for consultations. A panel headed by principal secretary to the prime minister, Pulok Chatterjee, had decided to dilute the requirement of taking consent from the affected tribal population before diverting forest land. The committee, which submitted its report...

-Tehelka Edited Excerpts From An Interview NOTED ECONOMIST and Columbia University Professor Jagdish Bhagwati’s pro-free trade stance is well-known. A friend of the prime minister and his batch mate from Cambridge University, Professor Bhagwati feels the UPA’s departure from the stagnation of the past few years is a welcome change, and lauds the decision to allow FDI in multi-brand retail. In an interview to TEHELKA Business Editor Shaili Chopra, Bhagwati says more...

-Live Mint The International Monetary fund (IMF) has warned India against licensing corporate entities to step into the business of commercial banking, saying the risks associated with such a move potentially outweigh the benefits of creating more banks. IMF’s Financial System Stability Assessment Update said it would be prudent for India to first put in place and gain sufficient experience in implementing a comprehensive framework for the purpose before considering the entry...

-Outlook Opposing direct cash transfer and FDI in retail, Chhattisgarh Chief Minister Raman Singh today said inordinate delay in decision making and complicated procedures for statutory clearances were hurting the country's economy growth and investor sentiment. He told a meeting of National Development Council (NDC) here, chaired by Prime Minister Manmohan Singh, that the 12th plan has been made on "patronage model" and impinges on the autonomy of the states by making...