-The Financial Express Corporate fraud investigation body SFIO will have the power to carry out arrests once the new Companies Bill is passed by Parliament, Corporate Affairs Minister Veerappa Moily said today. "SFIO shall have the power to arrest in respect of certain offences of the Bill which attract the punishment for fraud. Those offences shall be cognisable and the persons accused of any such offence shall be released on bail subject...
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Tax rulings fixed, CJI demands govt action by Nagendar Sharma and Satya Prakash
Chief Justice of India SH Kapadia has asked the government to take "appropriate action" against at least 20 members of the country's top income tax tribunal who are on the CBI's radar for having allegedly 'outsourced' writing of judgments to private parties. Justice Kapadia is understood to have conveyed his displeasure to law minister Salman Khurshid over inaction on the issue since 2008, HT has learnt. Khurshid met the CJI earlier...
More »ICAR forms panel to unravel mystery of Monsanto gene in ‘indigenous’ Bt cotton by Sandip Das
The Indian Council for Agricultural Research (ICAR) will set up an expert committee to look into patent violation issues concerning Bikaneri Narma, which was claimed to be the country’s first indigenous public sector-bred Bt cotton (genetically modified) seed variety. Bikaneri Narma Bt Cotton also promoted as ‘completely indigenous Bt variety’ was developed by Central Institute for Cotton Research (CICR), Nagpur, and University of Agricultural Sciences, Dharwad, along with Indian Agricultural Research...
More »Laureate for govt land role by Devadeep Purohit
Nobel laureate economist Joseph Stiglitz today said he was aware of the problems industry was facing in acquiring land in Bengal and suggested that government role in facilitating acquisition could help reduce the difficulty. “I talked to some people and they said it’s (land acquisition) a problem here,” said Stiglitz, a professor of economics at Columbia University, during an interaction with journalists. The former chief economist at the World Bank expressed his...
More »Food security: Delivering the promise efficiently by Ashok Gulati, Jyoti Gujral & T Nanda Kumar
To banish hunger and malnutrition from the country, Parliament is likely to pass the National Food Security Bill (NFSB). In our earlier article on this issue, Can we Afford Rs 6-Lakh-Cr Food Subsidy Bill in 3 Yrs? (ET, December 17, 2011), we concentrated on the likely financial implication that we estimated at roughly Rs 6,00,000 crore over a period of three years. In this piece, we address the operational challenges...
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