It is disappointing that the government has not taken any steps to provide for the Food Security Bill, which is in Parliament, in this budget. A significant announcement on it was anticipated this year; that would have been the only way to see it roll out in 2012. Now, I think, the government must be bargaining for legal processes to take over, which we know will take some time, before...
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Supreme Court to examine constitutional validity of nuclear civil liability law by J Venkatesan
The Supreme Court will examine the constitutional validity of the Civil Liability for Nuclear Damage Act, 2010, which limits the liability of an operator in the event of a nuclear disaster to Rs. 1,500 crore. A Bench of Chief Justice S.H. Kapadia and Justices A.K. Patnaik and Swatanter Kumar on Friday issued notice to the Centre on a writ petition filed jointly by Common Cause; the Centre for Public Interest Litigation;...
More »Vodafone-Hutch deal: Retrospective change to I-T Act-Nikhi Kanekal and Kian Ganz
The government introduced a retrospective clarification to the Income-Tax (I-T) Act, 1961, virtually amending the law to ensure that cross-border transactions such as the $11.08 billion (around Rs55,735 crore today) Vodafone-Hutchison deal are taxable. The Supreme Court had ruled this deal as not being taxable in India. The amendment becomes crucial because a review petition by the government on this case is pending before the Supreme Court, which might now have...
More »Survey advocates ‘ruthless' crackdown on corruption
-The Hindu ‘But cumbersome anti-graft apparatus can delay decisions' With a slew of scams vitiating the government's policy-making environment and holding up reforms, the Economic Survey 2011-12 on Thursday advocated need for a ruthless crackdown on corruption, but cautioned that a large and cumbersome anti-corruption bureaucracy could impact decision-making. “While we need to ruthlessly crack down on corruption, it must, at the same time, be recognised that the fear of a large and...
More »Jaganmohan's assets case: SC notice to 6 Andhra ministers, 8 IAS officers
-The Times of India The Supreme Court on Monday issued notices to 6 Andhra Pradesh ministers and 8 IAS officers on a plea alleging that the CBI was not proceeding against them despite having sufficient evidence that they helped former Congress leader Y Jaganmohan Reddy accumulate massive illegal assets. A bench headed by Justice Dalveer Bhandari issued the notices to the ministers and the IAS officers and sought their stands on the...
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