Under fire from many quarters over its so-called 'policy paralysis', the Manmohan Singh government swung into action on Friday to usher in big-ticket reforms in several areas.

In a new wave of surpri

The confrontation between the UPA and Opposition appears to further intensify as the government’s move to allow FDI in multi-brand retail was slammed by the BJP, Left and the Samajwadi Party.

The SP

Under fire from UPA allies and opposition parties, Prime Minister Manmohan Singh on Saturday justified hike in diesel price and ushering in new wave of economic reforms.

Bihar Chief Minister Nitish Kumar has hit out at the Congress-led UPA government's move to allow 51 per cent Foreign Direct Investment (FDI) in multi-brand retail, describing the step as 'suicidal'.

The Indian Cabinet on Friday decided to operationalise 51 per cent FDI in multi-brand retail but left it to the state governments to allow setting up of such stores.

The government's decision to operationalise FDI in multi-brand retail would help the realty sector as the move would create demand for retail space and boost mall development in the country, real esta

Furious over the Centre allowing 51 per cent FDI in multibrand retail after the diesel price hike and uncapping of subsidy on LPG cylinders, Trinamool Congress supremo Mamata Banerjee on Friday threat

Global ratings agency Fitch has cut the outlook for India's vast retail sector from stable to negative, saying consumer spending was at its weakest in seven years.

Raising the banner of opposition to FDI in retail, UPA supporter Samajwadi Party on Sunday joined Left parties and JD(S) in asking the government not to go ahead with the controversial decision without wide-ranging consensus.

Holding that FDI in retail will harm farmers and small traders, Uttar Pradesh Chief Minister Akhilesh Yadav has said any move facilitating entry of multi-national firms in the sector would be opposed.