Supreme Court today directed that the original tapes containing the conversation between corporate lobbyist Niira Radia and others pertaining to the 2G spectrum allocation case be handed over to it in a sealed cover. "We direct that the original records and tapes/ CDs be submitted in a sealed cover after preparing the copies. It will be kept in the lockers of the Supreme Court registry and if required, it will be...

The Bombay High Court at Goa on Friday quashed the allotment of land on lease by the State-owned industry promotion body to the promoters of seven Special Economic Zone(SEZ) projects upholding the State Government's power to scrap the SEZ policy and the projects in public interest. A Bench comprising Justice A. S. Oka and Justice F. M. Reis, inter alia ruled that that there was lack of fairness and transparency in...

The Food Corporation of India is looking to augment its storage capacity in the north-east region to ensure timely supplies for the government’s public distribution system. “Inadequate storage facility in the north-east region creates problems in ensuring regular supplies to the PDS (public distribution system),” Union agriculture minister Sharad Pawar told ET. The current storage capacity of the government’s top grain management agency in the north-eastern states is 4.58 lakh...

‘Independence of judiciary and right to free speech are of great value' A Constitution Bench of the Supreme Court will decide the conflict between the right of citizens to obtain information under the Right to Information (RTI) Act and the right to immunity enjoyed by the judiciary not to disclose information pertaining to appointment of judges. A Bench comprising Justice B. Sudershan Reddy and Justice S.S. Nijjar on Friday referred to the...

In India, commercial banks, both public and private, are required to direct a large chunk of their net credit to designated “priority sectors” seen as having a positive impact on India’s economy, and wider society – to ensure funds flow into areas the government deems important, but might otherwise be neglected. These sectors – designated by the Reserve Bank of India – currently include broad areas of agriculture, small scale industries,...