The Supreme Court has dismissed several review pleas filed by corporate houses challenging the decision to cancel 122 spectrum LICences in the 2G case. The dismissed cases include those of Videocon, S Tel, Sistema Shyam Teleservices, Tata Teleservices, Idea Cellular, Unitech Wireless (TN) and Etisalat DB Telecom. The two-judge bench said that on April 13, it would hear in open court the government’s plea to review whether poLICy decisions can be overturned...

 Madhya Pradesh cancelled LICences of seven 'gutkha' companies and banned its manufacture and sale in the state from April 1. MP is the first state in the country to ban tobacco, magnesium carbonate and nicotine-based 'gutkha' following provisions of the Food Safety and Standards (Prohibition and Restriction on Sales) Regulation 2011.  Health minister and government spokesman Narottam Mishra said gutkha manufacturing LICences in the state will not be renewed. "Gutkha makers...

UPA-II's plans to replace the existing fertiliser subsidy regime with direct cash transfers to farmers will be delayed as the fertiliser ministry is likely to scrap an intermediate phase where the subsidy was to be rerouted from companies to retailers this summer. This puts paid to the fertilizer industry's expectation that very soon it would be out of the subsidy mechanism which locks up precious working capital. "We are rethinking the original...

-The Business Standard   The National Bank for Agriculture and Rural Development (Nabard) has recorded a 40 per cent growth in agriculture credit and rural development in Karnataka during 2011-12. It has extended farm credit of Rs 6,053 crore during the year. While the production credit refinance extended to cooperative banks and regional rural banks (RRBs) was Rs 3,775 crore, its finance to state government under the Rural Infrastructure Development Fund (RIDF)...

-The Hindu “Why apply brakes on rickshaws, not on killer cars?” The Supreme Court on Monday upheld a Delhi High Court order holding that municipal authorities could not cap the number of LICences for cycle rickshaws as putting any such restriction or fixing a ceiling would amount to denial of the people's basic right to earn a livelihood. A Bench of Justice G. S. Singhvi and Justice S. J. Mukhopadhyaya, dismissing an appeal...