India Inc. was aghast at the recent report of a parliamentary committee that recommended that a new draft land acquisition law limit occasions when the government may intervene to acquire land for use by private firms. But in a paper published in the Economic and Political Weekly last month, Delhi University economics professor Ram Singh laid out data that supports the committee’s recommendations. Mr. Singh argues that government-driven land acquisition is generally...

If the government accepts oil minister S Jaipal Reddy's proposal, the price of small diesel cars could soon rise by Rs 1.7 lakh while medium-to-large guzzlers could become costlier by Rs 2.55 lakh a piece. The proposal to impose additional excise duty on diesel cars is bound to trigger protests from automakers, who have seen sales growing at the slowest pace in seven months in May. Domestic car sales declined 24%...

-The Economic Times Decks have been cleared for reintroduction of the Companies Bill, 2011, in the monsoon session. If the bill is passed after endorsing all the suggestions made by the Parliamentary Standing Committee on Finance, corporate social responsibility (CSR) would, for the first time in the world, become mandatory.  The report recommends that companies with net worth above Rs 500 crore, or an annual turnover of over Rs 1,000 crore, earmark...

Araria, Patna: The Bihar government today suspended Raniganj (Araria) Circle Officer Ramvilas Jha, who is facing a probe for engaging middlemen and his relatives to purchase land plots at Kajra and Bistoria from farmers at dirt cheap rates and selling the same to the government at three to four times the price for its Mahadalit land scheme. Revenue and land reform department joint secretary Vijay Kumar Singh said the vigilance department...

-The Hindu Aamir Khan's “Satyamev Jayate” has drawn sharp criticism from Indian Medical Association   Taking forward the debate on commercialisation of health, initiated by actor Aamir Khan in his television show “Satyamev Jayate” that drew sharp criticism from the Indian Medical Association (IMA), health activists have said distortions in medical practices, induced by unregulated commercialisation, have become systemic problems. In an open letter to the IMA, which has sought an apology from Mr....