China has the world's largest number of internet users at 420 million, up 36 million from last year. The increase was driven by rising cell phone connections. The number of online shoppers in China topped 108 million in 2009, rising 45.9% from the previous year. An inter-ministerial panel of six ministries will decide on allowing foreign investment in organized retail after reviewing stakeholder feedback. Blackberry services may be banned in India within 5 days if its maker fails to provide a solution to access encrypted user data. The RBI met with bankers and stakeholders on setting new norms for private bank licenses, with some calling for a minimum capital requirement of Rs. 1,000 crore.

1. Weekly news 7

2. China has world's largest internet users China has the world's largest number of internet users, which stood at 420 million by the end of June, up 36 million from December last year The increase was boosted by rising cell phone connections, said a report published by the China Internet Network Information Centre The number of China's online shoppers topped 108 million in 2009, rising 45.9 percent from the previous year

3. Better supplies keep food inflation at 16.24%. The wholesale price index for food articles declined by 0.1% from the previous week. Heavy rainfall in North India till late sept. had caused disruption in supply of fruits & vegetables . Transportation cost has gone up adding to price rise due to demand- supply gap.

4. Six ministries to decide on FDI retail An inter-ministerial panel will decide on the contentious issue of opening organized retail to foreign investment after examining stakeholder feedback to the discussion paper put out by the government. A panel of six ministries was constituted on September 27, which will be chaired by Kewal Ram, senior economic advisor in the consumer affairs ministry At present, foreign investment is not allowed in multi-brand retail and a decision has been difficult for the fear that it could affect small retailers

5. Blackberry May Face Ban If No Solution In 5 Days RIM says it has no "master key" to unlock encryption codes of clients which are set at the user level and argues the issue is an industry-wide concern. The government made it clear on 26th that Blackberry services may be banned if its maker fails to give any solution.

6. RBI meets CII, IBA, bankers on new private bank licence norms Taking the process of issuing new private bank licences forward, the Reserve Bank met stakeholders, including industry body CII , which called for a higher minimum capital requirement of Rs 1,000 crore. The Confederation of Indian Industry (CII), said a lower capital (below Rs 1,000-crore) would result in relatively small banks which could potentially lead to higher risk-taking and more volatile earnings.