The Economic Intelligence Council will discuss the issue when it meets at the end of this month The government is likely to form a central agency to regulate so-called multi-level marketing (MLM) schemes after the Economic Intelligence Council found they had become a “preferred” mode of fraud. In the wake of an increasing number of economic offences, the United Progressive Alliance government has also decided to set up a multidisciplinary school...

-The Economic Times   The special court's verdict in the communal killings in Ode and the Special Investigation Team's (SIT) closure of investigation in the Gulberg Society massacre - after finding no evidence to prosecute CM Narendra Modi and top political leaders, bureaucrats and police officers - highlight the laboriousness of delivering some measure of justice to the victims of the carnage in Gujarat in 2002.  The SIT's report is by no means...

Non-urea fertilizer prices were freed in April 2010, but GSFCL, DFPCL, RCF still got gas at regulated prices The fertilizer ministry is considering asking three non-urea fertilizer makers to return part of the gains they have made since April 2010 on account of gas supplied to them at regulated prices while they were allowed to sell their products at market prices. Rashtriya Chemicals and Fertilizers Ltd (RCF), Gujarat State Fertilizers and Chemicals...

The key issue is not availability or resources but last mile delivery: how to reach foodgrains to people. In ancient Greece, the punishment given to Tantalus was to tie a cup around his neck and fill it with water. Every time he bent to take a sip, the cup would drop further and he would never get a drop into his parched mouth. From this comes the word “tantalizing”. Something like...

-PTI   The Cabinet on Wednesday approved a bill that seeks to regulate government purchases of above Rs 50 lakh through a transparent bidding process. The Cabinet meeting, chaired by Prime Minister Manmohan Singh, approved the public procurement bill that has a provision to debar bidders found engaged in corrupt practices, sources said. Currently, there is no overarching legislation governing public procurement by the central government and central public sector enterprises. The General Financial Rules,...