The Serious Fraud Investigation Office (SFIO) will have powers to investigate and prosecute corporate entities under the Companies Bill, 2011, expected to be cleared by the Union Cabinet before Diwali.  The bill also envisages rotation of company auditors for higher accountability, corporate social responsibility, a more effective regulation of related party transactions and stricter provisions to prevent siphoning of funds through subsidiary and associate companies.  The government expects the bill to modernise,...

Why did they attack Team Anna man Prashant Bhushan? In the twisted mind of Tajinder Pal Singh Bagga, it was some sort of glorious act. “God give us the power to complete our mission,” he tweeted before it. The mission: a coward’s attack on eminent lawyer and human rights activist Prashant Bhushan by Bagga and two of his friends, Inder Verma and Vishnu Gupta. On October 13, the three men...

-The Telegraph   Prime Minister Manmohan Singh today called for a re-look at the Right to Information Act to ensure it is used only in the public interest. At the same time, he ruled out any dilution of the law and said “empowering our citizens” with RTI was a “huge step forward” towards “curbing corruption and improving the process of governance”. Singh promised to build on “these achievements” by bringing legislation to protect...

-FAO   Food price volatility featuring high prices is likely to continue and possibly increase, making poor farmers, consumers and countries more vulnerable to poverty and food insecurity, the United Nations' three Rome-based agencies said in the global hunger report published today.    Small, import-dependent countries, particularly in Africa, are especially at risk.  Many of them still face severe problems following the world food and economic crises of 2006-2008, the UN Food and...

The Planning Commission’s poverty line affidavit has exposed how blissfully ignorant the glorified economists of the UPA are of the true reality of India The 2G spectrum scam, Commonwealth Games loot, cash-for-vote bribery, Lokpal fiasco, Pranab-Chidambaram duel on the Finance Ministry note, and the count goes on. It seems the UPA-II is stuck in a rut.  As if the battering by the united Opposition and hauling over the coals by civil...