-PTI The Supreme Court on Tuesday refused to frame guidelines across the board for reporting sub-judice matters but laid down a constitutional principle under which aggrieved parties can seek postponement of publication of court hearings. A five-judge bench headed by Chief Justice S H Kapadia said it was laying down the constitutional principle which will allow the aggrieved parties to seek from appropriate court the postponement of the publication of court hearings. The...

-The Economic Times While India frets about coal block allocations, massive policy failures have hit people where it hurts most: the stomach. While granaries are overflowing and sugar piling up, one would have expected the prices of sugar and flour to fall, or remain stable. Instead, since mid-July, wheat prices are up 20% across the country and flour prices have also shot up. For sugar, whose prices are up 12% from mid-July,...

-Macroscan.com In his speech introducing the 2012-13 budget, the then Finance Minister Pranab Mukherjee had declared his intention to introduce a General Anti-Avoidance Rule (GAAR) to counter ''aggressive tax avoidance schemes''. What GAAR means is that even if a transaction appears to be legally valid, if it is entered into for the sole purpose of tax avoidance, then the Indian tax authorities can deny tax benefit to the concerned entity. GAAR...

-The Hindu The World Bank has joined the chorus warning the world of an impending food crisis with damaging food price inflation. In its late-August edition of its Food Price Watch the Bank reported that global prices for food as reflected by its Food Price Index rose 10 per cent in July 2012 alone. The prices of staples such as corn and soya bean were at an all-time high that month,...

-Outlook Jodhpur: A veteran BJP MLA went on a sit-in hunger strike here today demanding repair of roads and cleaning of drains, forcing municipal officials to assure her immediate action. Surya Kanta Vyas, a legislator from Soorsagar constituency, began her strike at 10 am along with some supporters including BJP corporators and other party cadres. Around 4 pm, the CEO of Jodhpur Municipal Corporation (JMC) and other officials of the district Administration arrived...