Wrap up: Decoding Food Security Bill, pangs for Wockhardt

Confused and intimidated by the amount of news hurtling at you everyday? Well, to make your life easier, here’s a quick round-up of the major local and international business and economic news events.

Who will foot the food security bill

The Food Security Bill has been cleared by the Cabinet, and many are already jittery about the cost of the bill. But there could be even more people who would say, why oppose food subsidies for the poor? The point is the FSB is not about feeding the poor. Here are ten myths about the Bill.[caption id=“attachment_161403” align=“alignleft” width=“380” caption=“Costly bill. PTI”]  [/caption]

Modi the tutor on food security

If food security is as much about stoking an agricultural revolution as about redistributing available food to the poor, Gujarat is the place to seek answers from. Gujarat is the one state in India that has consistently outperformed the rest of India in terms of agricultural production. Here is what India could learn from Modi .

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Bad 2011, finger crossed for 2012

2011 has been a nightmare for Indian economy. For the pessimist, there’s plenty to be worried about as we head into 2012.But there are reasons to be cautiously optimistic too. Firstpost lists five reasons why it could be a happy new year.

Stunned sectors

The benchmark Sensex lost a steep 25 percent in 2011. But seven sector indices lost more heavily than that in the same period. Overall, 12 out of 13 sector indices posted double-digit falls, of which three sectors lost twice as much as the Sensex. Here is the story .

Hope from the US

US Commerce Secretary John Bryson, a key member of President Obama’s economic team, will lead a delegation of 20 to 25 infrastructure companies on a business development mission to India, officials said on Monday. Read more for details.

Impact Shorts

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Less domestic consumption

It’s happening: domestic consumption, that last bastion of growth in the Indian economy, is slowing down. Though this does not come as a shock to may, we tell you how the slowdown is not just an urban phenomenon.

Coal not gold for RIL

Reliance Industries is trading at levels last seen in March 2009. The stock has fallen nearly 3 percent and has touched a low of Rs 709.20 after reports saidthat the company has stalled its coal bed methane project. Here are details .

L&T’s K-mark

L&T has breached the psychological Rs 1,000 mark, a level last seen in May 2009. The foremost reason is its slowing order book. Here are other reasons why it fell .

Hard-hit Wockhardt

Wockhardt took a major beating today and touched its 52-week low of Rs 271.75 after US-based pharma company Mylan Inc, the world’s third largest seller of generic drugs, got approval to sell generic Toprol XL. Matters were made worse by its legal woes. Here is the story .

Realty and Morgan Stanley

The global real estate fund of Morgan Stanley is in talks with Mumbai-based Sheth Developers to invest $100 million to $125 million in a residential project in Mumbai, three sources with direct knowledge of the matter said. Read more .