Saturday, December 3, 2011

Mamata seeks bailout for bailing out PM on FDI


The issue of 51% FDI in multibrand retail remains on the front pages. The top Hindustan Times headline reads - "Opposition to FDI will cost India a great opportunity says Pranab''. "No retail FDI Rollback, says Anand Sharma" - dares the Opposition to bring No Confidence motion in Parliament", highlights the Tribune. On the issue of support from ally Trinamool Congress, the Financial Express writes "Mamata seeks bailout for bailing out PM on FDI", with demand for a financial package for the State.
The Hindustan writes - the Finance Minister holds hope that the FDI row will not eclipse  the Lokpal bill this Winter Session and that the government will get important legislation passed from Wednesday, when Parliament reconvenes after an extended weekend. 
The Asian Age writes that Pakistan's powerful Army Chief General Ashfaq Parvez Kayani yesterday ordered his commanders to fire back, if Nato forces violate 'ground or air space' again. The Statesman, however, quoting a report in the Wall Street Journal writes, 'Did Pak officials mistakenly sanction the deadly Nato strikes - unaware that their own forces were in the area.
"Best week for Sensex in more than two years"  says the Times of India, adding that talks of a cut in cash reserve ratio for banks by the RBI boosted investor sentiment, lifting the sensex by 363 points to touch 16,847.
The Mail Today says that the warring Ambani brothers appear to be on the verge of a secret settlement, enough to strengthen the businesses of both brothers. The architect of the impending collaboration is reported to be matriarch Kokilaben.
And finally, the Hindustan Times quotes former Malaysian Prime Minister, Dr. Mahathir Mohammad - who transformed Malaysia from being a small rubber-exporting nation to one of the Asia's super economics, said India could be China in terms of development, if it was some "less democratic".

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