-PTI NEW DELHI: Amid rising onion prices hurting consumers, Agriculture Minister Sharad Pawar said he was not in favour of a ban on onion exports, saying such a move will hit India's image as a global supplier of farm produce. The Minister said the rise in onion prices is a "temporary situation" as heavy rains in major producing states like Maharashtra have affected supplies. "It is not fair to ban export of any...
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Walmart's investment in Cedar violates FEMA, RBI rules: CBI -Rasul Bailay
-The Economic Times NEW DELHI: The Central Bureau of Investigation (CBI) has said Walmart's $100-million investment in Cedar Support Services, the holding company of Bharti Retail, in 2010, violated India's foreign exchange rules as well as Reserve Bank of India (RBI) guidelines but said as these violations did not fall within its purview, it cannot investigate the matter. "The case was analysed which reveals violations of RBI guidelines and Fema regulations," the...
More »Bihar midday meal tragedy raises concerns about food security bill
-Reuters Raipur/Patna: The deaths of at least 23 children who were poisoned after eating a free school meal has triggered an outcry over food safety just as the ruling Congress party is set to launch an ambitious plan to feed 800 million poor, with an eye on elections due within a year. Congress leader Sonia Gandhi‘s national subsidised food project includes free school meals and expands existing handouts to make it probably...
More »Acid attack victims must get compensation in 15 days: SC
-IANS New Delhi: The Supreme Court Thursday banned over-the-counter sale of acid at Retail outlets and ordered a compensation of Rs.3 lakh to be paid by the government to each acid attack victim. An amount of Rs. 1 lakh will have to be paid to an acid attack victim within 15 days, the court said. The apex court bench, headed by Justice R.M. Lodha, issued detailed directions for regulating the sale of...
More »Drug makers suffer an overdose of control-Bhupesh Bhandari
-The Business Standard The new price caps for 191 essential drugs are likely to introduce serious distortions in the market for these medicines The National Pharmaceutical Pricing Authority, or NPPA, has announced new price caps for 191 essential drugs that are 10 to 50 per cent lower than the current prices. Drug makers have 45 days to recall the earlier batches and send out new ones with the lower price tags. This...
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