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Government's manufacturing zones land in trouble -Yogima Seth Sharma & Dilasha Seth

-The Economic Times NEW DELHI: The government's ambitious manufacturing thrust has run into trouble even before it could take off with many states expressing difficulty in acquiring the vast tracts of land needed to set up dedicated zones. Five states have written to the Department of Industrial Policy and Promotion, requesting it to consider revising the minimum land requirement (from existing 5,000 hectare) for developing National Manufacturing Investment Zones (NMIZs). These include Assam,...

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PF set to cover all pay, not jut basic pay -Sidhartha

-The Economic Times NEW DELHI: You may end up saving more in the months ahead with the Employees Provident Fund Organization (EPFO) readying to re-notify a new definition of "compensation" that will include all your allowances, amid intense lobbying against the move by industry bodies. Currently, employers get away by contributing only 12% of the basic salary and dearness allowance, which is not paid by most companies, towards their share of "matching"...

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IIT-K called in for detailed study on city pollution -Apurva

-The Indian Express Concerned about rising levels of air pollution in the city, the Delhi Government has commissioned IIT-Kanpur to conduct a comprehensive study of pollution levels and causes. The government plans to use data to formulate a policy to control and reduce air pollution, and initiate a second-generation air action plan. Commissioned last month, the IIT-K study will be the most comprehensive study since the 2007 Central Pollution Control Board and...

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A deception most foul-Narayan Lakshman

-The Hindu   Ranbaxy's fraudulent practices may have jeopardised millions of lives in India, Africa and the U.S. Exactly two weeks ago, the pharmaceuticals industry was rocked by revelations that one of the world's largest generic drug manufacturers, Ranbaxy Laboratories, pleaded guilty to seven federal criminal charges stemming from its fraudulent production practices dating back to 2008, and agreed to pay U.S. regulators $500 million in fines. Much has since been said about Ranbaxy's...

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Thieves cost Indians Rs. 35,000 cr in a decade-Sneha Agrawal and Mohit Sharma

-The Hindustan Times   Indians lost valuables worth Rs. 35,257 crore to thieves, robbers and cheats in the past 10 years, reveal statistics of the National Crime Records Bureau for 2002-2011. That is equivalent to the Delhi Government's annual budget or what it last year took to run the national rural employment guarantee scheme which benefited 4.8 crore households. The national average for recovery was just about 20% ( Rs. 7,953 crore) of the...

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