-The Hindu Act states regulation of mines and mineral development comes within Centre's purview: SC New Delhi: States have no power to frame a mining policy dehors the Mines and Minerals (Development and Regulation) Act and the Mineral Concession Rules. Reiterating this point, the Supreme Court on Tuesday dismissed review petitions filed by the Centre, JSW Steel Ltd and others seeking review of the September 2010 judgment in the ‘Sandur Manganese and Iron...
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‘Boxed in’, Sebi too late
-The Telegraph Mumbai: The Securities and Exchange Board of India (Sebi) today asked Saradha Realty India to wind up its collective investment schemes and refund investors within three months. The company as well as its managing director Sudipto Sen have been prohibited from accessing the capital markets until all collective investment schemes are wound up and the refunds are complete. Legal proceedings and steps to wind up Saradha Realty would also be...
More »Aadhaar putting India’s poorest on the map-Clive Crook
-Bloomberg In all likelihood, Nandan Nilekani's Aadhaar will lead the world. Exactly where it will lead, we'll find out People who grew up in Britain in the 1960s will remember a television programme that built a cult following: The Prisoner. It was about an oddly luxurious detention camp-a kind of Guantanamo Bay by Four Seasons, spa services and brainwashing included. Even if you wanted to, trying to escape was pointless. A...
More »The fall of Saradha group revives old ghosts of ponzi schemes going bust -Atmadip Ray
-The Economic Times For many, it is a sense of deja vu. Fifteen years ago, the government and India's financial regulators came under fire after hundreds of crores were cleaned up by a few individuals and entities from gullible investors, who were promised fabulous returns from plantation schemes. In the uproar that followed, the government and the regulators sought to palm off the responsibility of regulation of such schemes on each...
More »Lok Ayukta seeks survey report of Kannedhara mining lease area
-The Hindu Srikakulam Collector asked to set up a special committee Hyderabad: Lok Ayukta of Andhra Pradesh Justice B. Subhashan Reddy has directed Srikakulam District Collector Saurabh Gaur to set up a special committee to survey the Kannedhara hillock on which granite mining lease was granted to D. Rammanohar Naidu, son of Minister for Roads & Buildings Dharmana Prasada Rao. Mr. Saurabh Gaur, a few other district officials, including the Assistant Director of...
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