-Live Mint Consideration of land acquisition Bill deferred after opposition seeks more time to study new clauses India’s Parliament got down to business on Tuesday with the Lok Sabha passing two critical Bills, the Companies Bill, 2011, and the Banking Laws (Amendment) Bill, 2011, although it deferred consideration of the land acquisition Bill. The new Companies Bill, when it is enacted, is expected to improve the quality of corporate governance by strengthening...
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‘India lost $123 billion in black money in a decade’
-The Indian Express India lost a whopping $123 billion in black money during 2001-2010, making it the eight largest victim of illicit financial outflow, a US-based research and advocacy organisation said in a report. However, India’s black money loss of $123 billion in 10 years is far less than that of China, which according to the report suffered a loss of $2.74 trillion during the SAMe period (2001 to 2010), followed by...
More »Panel finds lapses in development of ‘first indigenous Bt cotton’ -K Venkateshwarlu
-The Hindu ICAR “shielding errant officials” by delaying the report In a damning indictment of the way some Bt cotton varieties were developed and commercialised in the country, a committee headed by Prof. S.K. Sopory, Vice-Chancellor of JNU, found that indigenous Bikaneri Nerma (BN) Bt cotton variety was contaminated by a gene patented by Monsanto. Having found lapses in the “BNLA106 event”, the committee has held as “invalid” the data obtained from bio-safety...
More »SC upholds land acquisition for urban complex project in Haryana -J Venkatesan
-The Hindu The Supreme Court has upheld the acquisition of 673.29 acres of land by the Haryana government in Panchkula district for the Kalka-Pinjore urban complex project. A Bench of Justices G.S. Singhvi and S.J. Mukhopadaya dismissed a batch of special leave petitions and lifted the stay on the construction by several developers. The Supreme Court had stayed the project for over eight months. In its order the Bench said “it will not...
More »Areva closes in on key agreement for Jaitapur plant -Sandeep Dikshit
-The Hindu Unperturbed by protests against its proposed nuclear power plant in Jaitapur, Maharashtra, the French civil nuclear energy major Areva is now in the closing stages of striking an “early works agreement” with Nuclear Power Corporation of India Limited. This agreement, which is actually a series of studies to ensure that the reactor is in conformity with local conditions, is likely to take nine months. “Areva’s discussions with NPCIL are on....
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