-The Hindu Ranjit Sinha says CBI is part of government, not autonomous The widening sinkhole that the coal scam has become claimed its first victim on Wednesday as Additional Solicitor-General Harin Raval resigned for having misled the Supreme Court, while CBI Director Ranjit Sinha?brought the executive and the judiciary to the verge of open confrontation by stating that his agency was not an "autonomous organisation" but part of the government.? The CBI, which...
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Dismal Dalit Count in Indian Boardrooms
Guess what is the total percentage of dalit or tribal members in the boards of big Indian private and public sector companies listed on the stock exchange? Well, shocking as it might be, the real count is nearly zero. A fresh study conducted by D Ajit, Han Donker and Ravi Saxena reveals that at a time when the issues of ethnic and racial inequalities is being discussed all over the world,...
More »Saradha-hit govt plans ordinance teeth for Sebi -Subhomoy Bhattacharjee
-The Indian Express New Delhi: Stung by the Saradha episode, the government has decided to drastically amend legislation governing the market regulator's power to police chit fund companies. The finance ministry will push for the legislation to be cleared in the current session of Parliament and, if that fails, to issue an ordinance immediately afterward. Government managers believe the explosion of Ponzi schemes in West Bengal and in Uttar Pradesh is enough...
More »2,644 died during clinical trial of drugs in 7 years: Govt to SC -Dhananjay Mahapatra
-The Times of India As many as 2,644 people, called subjects, died during the clinical trials of 475 new drugs on human beings in last seven years and only 17 of the medicines were approved for marketing in India, the Centre has informed the Supreme Court. Responding to allegations by NGO, Swasthya Adhikar Manch, in its PIL that Indians were used as guinea pigs by foreign pharmaceutical majors for human trial of...
More »‘Boxed in’, Sebi too late
-The Telegraph Mumbai: The Securities and Exchange Board of India (Sebi) today asked Saradha Realty India to wind up its collective investment schemes and refund investors within three months. The company as well as its managing director Sudipto Sen have been prohibited from accessing the capital markets until all collective investment schemes are wound up and the refunds are complete. Legal proceedings and steps to wind up Saradha Realty would also be...
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