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Soon, babus who delay services may face fines -Rajeev Deshpande

-The Times of India The Cabinet on Thursday will consider a Bill providing for time-bound delivery of services like pensions, passports, caste certificates, ration cards and tax refunds with a penalty of Rs 250 a day subject to a maximum of Rs 50,000 for default. The right of citizens for time-bound delivery of goods and services and redressal of grievances Bill is to be enacted under the concurrent list, which means all...

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EPFO to include 'AAA' rated corporate bonds in portfolio-Raj Kumar Ray

-The Indian Express The Employees' Provident Fund Organisation is set to widen its investment horizon by including 'AAA' rated corporate bonds of any private company in its portfolio following a clean chit from Crisil, a move that can open up a window for blue-chip corporates to raise about Rs 35,000 crore through long-term debt papers annually. Crisil, which was appointed by EPFO to advice on investment portfolio, has said that none of...

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Court upholds Andhra law on microfinance-Viswanath Pilla and Dinesh Unnikrishnan

-Live Mint High court asks state to review law in light of proposed national regulations to govern the sector The Andhra Pradesh high court on Monday upheld a law that led to the near demise of the microfinance industry towards the end of 2010, but asked the state government to review the legislation in the light of proposed national regulations to govern the sector.   News of the review sent the stock of the...

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Government tightens guidelines for clinical trials-Vidya Krishnan and Jacob P Koshy

-Live Mint Developments a part of reforms initiated after apex court’s intervention to amend Drugs and Cosmetics Act The health ministry has tightened the norms for clinical trials by making it mandatory for companies to compensate patients who may suffer injury or death while participating in the trials even if they have not been caused by the drugs being tested.   So far, the compensation has been restricted only to cases where the...

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Wrong prescription-Jay Desai

-The Hindu By opting for a U.S.-style medical care model, India is endangering its universal health coverage goal, and paving the way for a corporatised, for-profit system As India continues to debate how best to implement universal health coverage, two recent and seemingly unrelated news items need to be analysed carefully. The first one pertains to a report released earlier this year by the National Research Council and the Institute of Medicine in...

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