Talking tough, the Supreme Court today questioned the Government as to why it was reluctant in disclosing the names of Indian nationals who have allegedly stashed black money in foreign banks. "What is the difficulty in disclosing the information," a Bench comprising B Sudershan Reddy and S S Nijjar asked when Solicitor General Gopal Subramanium informed the bench that Government has got the details but did not want to reveal it. The...

What’s Going Wrong?     * Market intelligence remains a weak link; farm policies rarely reflect correct scenario     * Extensive damage to crop in Maharashtra not factored in promoting onion, tomato exports     * Middlemen make capital while farmers realise 10-15% margin, not enough to recoup losses     * Government market intervention capacity limited to foodgrains and pulses **** India’s worst-kept secret was finally revealed when the government threw up its hands in despair in the...

Further political unrest in Andhra Pradesh may lead to jobs and investment being moved out of the state, industry bodies have warned amid the Telangana tension. “The politicians should realise that companies have the option to move jobs elsewhere,” Som Mittal, president of software industry body Nasscom, said at the weekend. He cited how jobs were moved out of Visakhapatnam to Chennai and Pune because of the counter-Telangana protests in 2009. “We have...

Chairman of the expert team of the Ministry of Environment and Forests (MoEF) Naresh Dayal said on Friday that prima facie there was no large-scale destruction of forest land for the controversial hill city project, Lavasa. Speaking to journalists on the third and final day of inspection, Mr. Dayal said that contradictory to the allegations made by social activists Medha Patkar and Anna Hazare, Pune's water supply would not be affected...

“Mistakes are obviously committed while undertaking big projects and we are open to corrections,” said Lavasa Corporation Limited (LCL) Chairman Ajit Gulabchand for the time first time on Friday since the controversy over the hill city started. However, he added that “these corrections should not make business impossible.” Mr. Gulabchand was speaking to the media after meeting a team of experts from the Ministry of Environment and Forests (MoEF) which was...