-Outlook Defending the recent slew of reforms, Union Law Minister Salman Khurshid today said these steps were necessary to maintain a robust growth rate so that there was no dearth of funds for the social sector. "The UPA government had assumed power in the country with the promise of enabling the people to realise their full potential. To fulfil this promise, it was essential to banish what we call the Inspector Raj...
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Cabinet Nod for Changes in Competition Act
-Outlook The government today expanded the ambit of Competition Commission of India (CCI), with an amendment to the Competition Act, following which all sectors would fall under the purview of the fair trade regulator. Approving a proposal by the Ministry of Corporate Affairs in this regard, the Union Cabinet this evening decided to amend the Competition Act, 2002 with a view to fine tune the regulations to bring it at par with...
More »Govt Misleading Public on 2G Verdict by SC: Bhushan
-Outlook Lawyer Prashant Bhushan today accused the government of misleading people by selectively quoting the judgement on Presidential reference on 2G verdict, claiming it clearly spelt out that auctioning was the way to go when commercial purpose and profiteering was involved. He alleged that the government has gone on an "overdrive" after the Supreme Court's opinion on the 2G presidential reference, to project the judgement as a vindication of the government's policies. "They...
More »FDI has nothing to do with US: PM Manmohan Singh
-PTI Unfazed by the uproar over FDI in retail and other tough decisions, Prime Minister Manmohan Singh on Saturday indicated that the government may continue with the reforms process and expressed willingness to discuss issues with allies. "We will do what is good for the country... reforms are not one-off process," he said. The Prime Minister was responding to questions on demands for rollback of decisions on FDI in multi-brand retail, diesel price...
More »Ministers' group defers decision on Land Acquisition Bill
-PTI The Group of Ministers, formed to examine certain provisions of the controversial Land Acquisition Bill, has deferred its decisions on the legislation today. "We will decide next time. This week, I am going to Vietnam and I will be back on October 4. After that, we will meet. Three members gave their views. No decision happened today," Agriculture Minister and GoM Chairman Sharad Pawar told reporters after the meeting. The government had...
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