-The Telegraph The government has listed the Lokpal bill for discussion and passage during the winter session of Parliament but has failed to line up the land acquisition bill though an unscheduled introduction is not ruled out. Both bills had gone to House Standing Committees around the same time after the monsoon session of Parliament, and both hold electoral significance for the Congress. Failure to get the Lokpal bill passed in the November...
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SFIO to have powers to prosecute companies by Devesh Kumar
The Serious Fraud Investigation Office (SFIO) will have powers to investigate and prosecute corporate entities under the Companies Bill, 2011, expected to be cleared by the Union Cabinet before Diwali. The bill also envisages rotation of company auditors for higher accountability, corporate social responsibility, a more effective regulation of related party transactions and stricter provisions to prevent siphoning of funds through subsidiary and associate companies. The government expects the bill to modernise,...
More »India Inc write second open letter to govt about corruption
-NDTV Profit Some of India’s biggest and most-respected entrepreneurs have released an open letter to the government. The group which includes Wipro’s Azim Premji, Anu Aga of Thermax and HDFC's Deepak Parekh, refers to the anti-corruption Lokpal Bill that is meant to be introduced soon in Parliament. The industrialists write, “The Lokpal Bill is only one small but critical step in the national task of weeding out the plague of corruption...
More »Neoliberal Plan by Venkitesh Ramakrishnan
The Planning Commission's Approach Paper to the Twelfth Plan sticks with the neoliberal agenda despite claims of inclusive growth. INCLUSIVE was one word that came up time and again in the early announcements of the Planning Commission on the Twelfth Five-Year Plan. “Faster, Sustainable and More Inclusive Growth” was the slogan coined for the Plan and there was the promise of widespread consultations as never before as part of the processes...
More »Playing with numbers, and lives by Brinda Karat
The Planning Commission, headed by the prime minister, has filed an affidavit in the Supreme Court quantifying the daily poverty line for an adult as Rs 26 in rural, and Rs 32 in urban India. At today’s relentlessly increasing prices, Rs 26 will not get a manual worker even one nutritious meal a day — leave alone the 2,400 calories he is required to eat to enable him to work,...
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