-PTI Balasore, (Odisha): Though the Crime Branch of Odisha Police have launched state-wide raids on chit fund companies, other non-banking financial institutions and have arrested about 100 people, it was not sure about return of money to investors. "It is a complex issue. No specific commitment can be made on this matter as it involves many legal complications," additional director general of police (Crime Branch), B K Sharma told reporters here. Mr. Sharma...
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Farm leaders to look at support price fixing method-Gargi Parsai
-The Hindu A committee comprising farmers' representatives will look at the method of fixing the minimum support price of agricultural commodities. It will suggest if there is a need for the Commission for Agricultural Costs and Prices (CACP) to re-position itself in the light of the demands from farmers to raise the remunerative price for essential commodities. At its first meeting held here on Thursday, the panel headed by Director of National Centre...
More »Tamil Nadu bans gutka, pan masala -R Satyanarayana
-The Times of India CHENNAI: The Tamil Nadu government has decided to ban the production, stocking, distribution and sale of tobacco products such as gutka and pan masala in the state. The decision came in the backdrop of the Supreme Court's remarks in a case recently, seeking to know the action taken by state governments in curbing the use of tobacco and its products. The order will be passed in a...
More »FDI in retail is a boon, says Supreme Court-J Venkatesan
-The Hindu In a relief to the Centre, the Supreme Court on Wednesday upheld the government's proposal to allow foreign direct investment (FDI) in multi-brand retail trade (MBRT) saying the move did not suffer from any unconstitutionality, illegality, arbitrariness or irrationality. A three-judge bench of Justices R.M. Lodha, Madan B. Lokur and Kurian Joseph said "consumer is king and if that is the philosophy working behind the policy then what is wrong...
More »Strong medicine for poor countries-Nayanima Basu
-The Business Standard The Novartis verdict by the Supreme Court emphasised the importance of flexibilities in drug patent laws, in contrast to Western countries which are seeking TRIPS-plus hardening through free-trade agreements As curtains on the six-year-long legal tussle with Swiss drug giant Novartis AG finally came down earlier this month, the Indian government did not waste a second in hailing the Indian patent law which it said was in "full...
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