-The Hindustan Times The vexed issue of West Bengal panchayat polls has finally had an "amicable settlement" - which gives more time to the Mamata Banerjee government to prepare for the polls and upholds her demand for the use of state police for security. Instead of June, the state gets time till July 15 and the three-phase poll will be held with the help of the state armed police, said a division...
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Govt may take back 30 more coal blocks- Aman Malik
-Live Mint Show cause notices to be issued to companies, including Jindal Steel, Tata Power, GVK Power and Jaypee Group The government is set to issue show cause notices to the holders of at least 30 captive coal blocks, according to a senior coal ministry official with direct knowledge of the matter. Companies holding these blocks will be asked to explain why they failed to develop them and if the government is not...
More »Ranbaxy fined $500 m for flawed generics-Narayan Lakshman
-The Hindu Ranbaxy, one of India's largest pharmaceutical companies, has agreed to pay $500 million fines levied by U.S. authorities for selling adulterated drugs and lying to federal regulators in a case that is part of an ongoing crackdown on the quality of generic drugs flowing into the U.S. The deal struck on Monday, said to be the largest financial penalty against a generic drug company for violations of FDA standards, came...
More »CPI(M) leaders approach court
-The Hindu Kochi: Ten senior CPI(M) leaders including party general secretary Prakash Karat, Polit Bureau member Pinarayi Vijayan and Leader of the Opposition V. S. Achuthanandan have approached the High Court of Kerala on Tuesday for quashing the criminal proceedings initiated against them by the Chief Judicial First Class Magistrate Court, Thiruvananthapuram. The court had earlier issued summons against the petitioners following a complaint filed by by Neyyattinkara P. Nagaraj, which stated...
More »Banks suppressing alerts on suspect dealings: RBI probe-Josy Joseph
-The Times of India NEW DELHI: An investigation by the Reserve Bank of India (RBI) into allegations of money laundering by private Banks has found large-scale violations ranging from huge cash deposits without PAN to dummy numbers. The probe report, a copy of which is available with TOI, shows that three private players - HDFC Bank, ICICI Bank and Axis Bank - had also hugely suppressed alerts generated by their system on...
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