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PoLICy on FDI in retail lacks legal sanction, says SC

-The Hindu Stay refused, time granted to RBI to amend regulations With the Supreme Court observing on Monday that the Centre’s poLICy decision permitting FDI in multi-brand retail sector lacked legal sanction, the Attorney General (AG) G. E. Vahanvati assured that the Reserve Bank of India (RBI) would come out with amended Regulations within two weeks. A Bench of Justices R. M. Lodha and Anil R. Dave, while refusing to stay the poLICy...

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RTI by itself cannot combat corruption, reforms needed-Madhu Purnima Kishwar

-The Economic Times The RTI Act is undoubtedly a historic landmark and has energised sections of our population like nothing else before. But despite its careful crafting and a well-defined machinery to back it, getting those bits of information, which vested interests within the government wish to hide, are an extremely arduous task. Therefore, I was not surprised when my RTI, seeking simple information regarding the number of foreign trips undertaken...

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The dark underbelly of India’s clinical trials business-Malia Politzer and Vidya Krishnan

-Live Mint Incidents at Bhopal and Indore highlight irregularities and ethical violations in some trials In 2004, doctors at the Bhopal Memorial Hospital and Research Centre (BMHRC), established exclusively for treating the victims of the 1984 gas leak, recruited unsuspecting survivors for clinical trials without their knowledge or consent; 14 participants died during the course of the trials. Together with the episode in Indore’s Maharaja Yashwantrao Hospital (that Mint reported on 10...

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Vadra: 'A little help from my friends'

-The Business Standard If Mr Vadra had to count his friends in the real estate business, they would be Corporation Bank, the Haryana government and DLF  Robert Vadra, who is at the centre of a controversy over his property dealings with realty giant DLF and others, began investing in real estate five years ago, in 2007-08. He was already a wealthy man by then, not a struggling businessman who could scrape only...

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How does National Pension Scheme work?

-The Economic Times Anyone between 18 and 55 years can join National Pension Scheme. There are three intermediaries: A point of presence to collect funds, a fund manager to handle investments based on your decision and a record-keeper to keep track of your investment. You can select your fund manager from a list of seven - UTI, LIC, SBI, IDFC, ICICI Prudential, Kotak Mahindra and Reliance Capital. Annual portability is allowed free of...

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