-Outlook The government today expanded the ambit of Competition Commission of India (CCI), with an amendment to the Competition Act, following which all sectors would fall under the purview of the fair trade regulator. Approving a proposal by the Ministry of Corporate Affairs in this regard, the Union Cabinet this evening decided to amend the Competition Act, 2002 with a view to fine tune the Regulations to bring it at par with...

-Tehelka Policy flaw lets private players jack up prices and siphon off massive government subsidies. TO DROUGHTS and abject poverty, farmers can add another crisis: sky-rocketing fertiliser prices. The issue has prompted eight chief ministers of large states to seek the intervention of the Ministry of Chemicals and Fertilisers (MoCF) in the matter. Consider, for example, di-ammonium phosphate (DAP) and muriate of potash (MoP), two fertilisers that used to have massive demand...

-The Times of India The Supreme Court has sought clarification on legal sanctity behind the Union government's policy decision to allow FDI in retail sector. The apex court said that policy decisions are in the sole domain of the government, but kept a PIL for hearing on October 12 as the petitioner argued that the recent FDI policy decision was not in consonance with RBI-framed Regulations under FEMA. The SC, however, refused to...

-The Times of India  Strong control over morphine — a highly effective painkiller that has left millions of Indians in needless pain — has left India red-faced on the global stage. Calling use of opioid analgesics like morphine "sub-optimal" in India, the World Health Organization (WHO) on Wednesday asked India to immediately reassess regulatory requirements on the dispensing of essential medicines like morphine to ensure their wider availability and accessibility besides sensitizing...

-PTI In another round of big-ticket reforms, the Union Cabinet will consider on Thursday raising the FDI cap in insurance sector to 49% and opening the pension sector to foreign investment besides creation of a National Investment Board. The Cabinet will also consider a number of other crucial measures like giving more powers to commodity market regulator FMC, Competition Bill to bring all sectors under Companies Act, and model tripartite agreement for operationalising...