They may be the pillars of corruption in India, routinely demanding 50% of the payment in black, but the builder fraternity thinks nothing of coming out on the streets to join Anna Hazare’s crusade against corruption. A delegation of more than 50 developers staged a morcha in Belapur under the banner of Maharashtrian Builders’ Association in Belapur, to voice their support for Anna. Barely a few hundred metres from the site of...

In her pre-Independence Day address, the President of India advocated the need for enhanced transparency and accountability in government, stressing the need for the adoption of rational and practical approaches in addressing these challenges. Her choice of qualifiers is significant, since the need for reform is especially being felt in government contracts, with recent government initiatives such as enacting a formal public procurement law for India, and for laying down...

-The Hindu   The Election Commission has asked the Chief Electoral Officers of States and Union Territories to obtain the standard advertisement rate cards of television and radio channels and the print media six months before the Lok Sabha/Assembly elections so as to check ‘paid news' and the misuse of the media by political parties. In a recent letter to the CEOs, the Commission said this was to ensure uniformity while dealing with...

Land is the most important ingredient for the development of real estate and infrastructure. For quite some time now, land acquisition had become a contentious issue in the country, which has threatened not only the industrial development but also planned growth of cities in the country. In this backdrop, the central government's decision to introduce a land acquisition bill in the monsoon session of Parliament will go a long way...

-Reuters   India’s food price index rose 9.03% and the fuel price index climbed 13.13% for the week ended 6 August, government data on Thursday showed. Finance minister Pranab Mukherjee termed the over 9% rate of food inflation as “not acceptable”, but expressed hope that government policies and a good monsoon will help ease prices. “Food inflation at the level of 9% is not acceptable. I do hope the measures taken to remove supply...