The Economic Intelligence Council will discuss the issue when it meets at the end of this month The government is likely to form a central agency to regulate so-called multi-level marketing (MLM) schemes after the Economic Intelligence Council found they had become a “preferred” mode of fraud. In the wake of an increasing number of economic offences, the United Progressive Alliance government has also decided to set up a multidisciplinary school...

-The United Nations Africa and Asia together will account for 86 per cent of all growth in the world’s urban population over the next four decades, the United Nations said today, adding that this unprecedented increase will pose new challenges in terms of jobs, housing and infrastructure.   Africa’s urban population will increase from 414 million to over 1.2 billion by 2050 while that of Asia will soar from 1.9 billion to 3.3...

The Sonia-Gandhi led National Advisory Council is pushing to amend the Unorganised Workers’ Social Security Act, 2008 to make it more inclusive and include a comprehensive social security package. The council, which met last month, pitched for a security package that would contain health insurance, maternity assistance, a life-cum-disability insurance scheme and a pension plan that it proposed should be provided through a single window backed by an inter-ministerial committee consisting...

Issues raised in reference go beyond those raised in clarificatory petition filed in Supreme Court The cabinet on Tuesday cleared a request by the department of telecommunications (DoT) for a presidential reference on the 2 February Supreme Court judgement cancelling 122 licence allocated to nine companies in January 2008, in an attempt aimed at clarifying seven issues arising from that order. One of the seven involves the allotment of telecom licences between...

-The Telegraph The Union urban development ministry has proposed three new taxes on private vehicle owners: on vehicle purchases, petrol and insurance. The aim is to fund public transport in cities and deter the use of private vehicles The Rs 40,000 crore that the ministry proposes to raise annually through the “green surcharge”, “green cess” and “urban transport tax” is to go to a national urban transport fund that will finance transport schemes. Urban...