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Virtual menace-Apar Gupta

-The Indian Express The debate about Section 66A of the Information Technology Act, 2000, is growing heated. As more cases of its abuse surface, even Communications and IT Minister Kapil Sibal has begun to mull changes to the act. The key question to be probed is whether individual actions booked under the provision are isolated instances of abuse or the section itself flawed. For that, we need to first explore how...

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Wal-Mart India unit suspends CFO, others

-Reuters The Indian joint venture of Wal-Mart Stores Inc has suspended its chief financial officer and other employees as it investigates alleged violations of US anti-bribery laws, a development that could hamper India's efforts to open its domestic supermarket sector to foreign investment. Wal-Mart, the world's largest retailer, said last week it has opened internal inquiries or investigations into bribery allegations in Brazil, China and India, which follows an earlier probe in...

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Congress braces for a stormy Winter Session of Parliament

-The Times of India Congress faces an array of opponents keen to corner it over its decision to allow foreign direct investment in multi-brand retail raising the possibility of raucous disruptions as the Winter Session of Parliament gets underway on Thursday. The bone of contention is the Opposition's demand that the FDI policy be discussed under a rule that entails a floor test and the government's determination not to accept such a...

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Government unlikely to agree for vote on retail FDI

-The Times of India The government may not agree to a resolution on FDI in multi-brand retail under the voting clause, reasoning that there was no precedent to put on vote an executive decision that did not involve any legislation. The UPA allies got together on Friday at a dinner hosted by the PM to discuss the strategy for the Parliament session in which the opposition has threatened to seek a division...

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Wal-Mart probing charges of bribery in India

-The Times of India Retail giant Walmart has disclosed that it is investigating alleged violations of the US anti-bribery law in India, China and Brazil. The development could trigger fresh opposition to the opening up of the domestic retail market to global companies. The disclosure is likely to provide ammunition to political parties that are planning to corner the government on its decision to allow FDI in multi-brand retail when Parliament reconvenes...

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