The proposed regulations aim to create a new countrywide infrastructure for trading of commodity-based securities in the form of electronic receipts as with equity shares on exchanges A committee under the Warehousing Development and Regulatory Authority (WDRA) has recommended regulatory changes that can effectively control prices of food items, improve lives of farmers and change the warehousing landscape in India. The proposed regulations, drafted in consultation with the capital market regulator, the...

-The Hindu   Strongly condemning the arrest of social activist Anna Hazare in New Delhi on Tuesday, the Communist Party of India (Marxist) in West Bengal said the Centre's action smacked of “dictatorial tendencies,” trying as it did to throttle the people's right to speak out against any issue. Demanding a “strong Jan Lokpal Bill” that would have the office of Prime Minister within its ambit, the party also insisted on instituting a...

Important draft legislation was recently unveiled in Rajasthan that would impose serious punishment for ‘witch-hunting’. Getting legislators to sign off on the bill, however, will prove difficult. Over the years, the women’s movement in Rajasthan has had some success in making violence against women into an important political issue. Activists have forced political parties and governments to demonstrate that they are addressing this constituency, which the media has dubbed ‘Mahila Sangathan’....

-PTI   The Institute of Chartered Accountants of India (ICAI) today said it would submit its report to the government in September, suggesting changes required in the key economic Acts such as Income Tax and FEMA to tackle the menace of black money and ways of retrieving it from tax havens abroad. ICAI had said earlier this month that the report was expected in August. A committee, headed by ICAI President G Ramaswamy, is...

The report on illegal mining in Karnataka, compiled by Lokayukta Santosh Hegde and his team, may spell the end of the first Bharatiya Janata Party government in south India. While the report is voluminous, here are a few details of what the Lokayukta and his team have found while probing the illegal mining scam. In the report the Lokayukta clearly makes charges against Chief Minister B S Yeddyurappa and Minister for...