RANWAN, India — In this north Indian village, workers recently dismantled stacks of burned and mildewed rice while flies swarmed nearby over spoiled wheat. Local residents said the rice crop had been sitting along the side of a highway for several years and was now being sent to a distillery to be turned into liquor. Just 180 miles to the south, in a slum on the outskirts of New Delhi, Leela...
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CSR may become mandatory if Companies Bill is passed with house panel suggestions
-The Economic Times Decks have been cleared for reintroduction of the Companies Bill, 2011, in the monsoon session. If the bill is passed after endorsing all the suggestions made by the Parliamentary Standing Committee on Finance, corporate social responsibility (CSR) would, for the first time in the world, become mandatory. The report recommends that companies with net worth above Rs 500 crore, or an annual turnover of over Rs 1,000 crore, earmark...
More »UPA defers Pension Bill after Mamata's veto
-The Times of India It was meant to showcase the government's new-found resolve to push the reforms agenda in order to stanch the declining growth rate and to repulse the perception of governance freeze. Instead, it ended up publicizing yet again the government's vulnerability as well as its reluctance to speed up decision making at the cost of angering allies on the eve of presidential poll. The UPA on Thursday withdrew its...
More »We need a new anti-Maoist strategy
-Live Mint Rural development minister Jairam Ramesh is advocating a new approach to fighting the Maoist insurgency that has gripped 78 districts so far. Apart from development and security, the approach involves politics and justice, he said. In an interview, Ramesh warned that in the rush to attain high growth rates, India was placing the interests of tribals below that of mining firms. The minister suggested the setting up of a...
More »Reform champion Quraishi retiring, but ‘paid news' law still elusive-J Balaji
-The Hindu The Election Commission, headed by reform-oriented CEC S.Y. Quraishi, is unhappy the government has not considered the changes it has been pushing for so many years, including declaring “paid news” a poll offence. Mr. Quraishi, known for his voter-friendly reforms, is demitting office on June 10. On February 3 last year, the EC suggested that publication and abetment of “paid news” for furthering the election prospects of any candidate or prejudicially...
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