-The Indian Express   Pranab Mukherjee should use his waking hours to signal bold reforms Until a few years ago no one really thought that governments could go bust. But the deepening sovereign debt crises of Europe have now persuaded us that governments can go bust if their debt levels cross a certain danger mark. What is that danger mark remains a matter of research by economists around the world. Some studies have concluded...

-The Economic Times   Internet search giants Google and Yahoo! are being investigated for possible violations of the country's foreign exchange law, a government official said, intensifying pressure on them as they wage a legal battle over screening of 'objectionable' content on their webSITes.  The Enforcement Directorate, which has reviewed data from the RBI, suspects the two companies of having violated provisions of the Foreign Exchange Management Act. It has begun a preliminary...

-The Telegraph Delhi High Court today refused to stay criminal proceedings against Yahoo India which had challenged a lower court order summoning it for allegedly hosting objectionable content. Justice Suresh Kait declined to pass an order and fixed March 1 for the next appearance, saying he would hear the case before the trial court does on March 13. Arvind Nigam, the counsel for Yahoo India, today claimed that the company’s name did not...

But claim of absence of evidence at odds with amicus report The Special Investigation Team probing Zakia Jafri's complaint has freed Chief Minister Narendra Modi of all charges in the 2002 Gujarat pogrom against Muslims. In a “summary closure report” — filed before the magistrate's court in Ahmedabad on Wednesday — the R.K. Raghavan-led SIT said there was no “prosecutable evidence” against Mr. Modi, who was among 62 persons named in...

-PTI   Former Gujarat DGP, RB Sreekumar on Thursday slammed the Supreme Court-appointed special investigation team (SIT) for allegedly taking a pro-Narendra Modi line in the probe into the 2002 riots cases, to shield him from the prosecution. In an open letter to the people, Sreekumar, who headed the State Intelligence Bureau (SIB) during the riots period, has also made public his first statement before the SIT in May 2008.   He had then talked...