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July starts with a bang: Controversies, populist measures and much more

Fri, Jul 05, 2013 at 17:09

| Source: Moneycontrol.com
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Indian policy paralysis!? What? When?

Getting in the elections groove, the Cabinet on Wednesday cleared ordinance to implement the Food Security Bill that today got the President’s nod too. Meanwhile, the telecom commission on Tuesday approved to hike foreign direct investment limit for telecom sector to 100 percent from 74 percent currently. Sources informed CNBC-TV18 that following the news, the Department of Telecommunication (DoT) is likely to soon move a cabinet note for 100 percent FDI in telecom services. The Government also kick started the process of coal blocks allocation by allocating 14 coal mines to Central and state PSUs, including four to NTPC .

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