-The Hindu FDI cap in insurance raised to 49%; foreign investment in pension sector allowed; new Companies Bill 2011 cleared Notwithstanding the strong opposition to its reforms agenda, the Manmohan Singh government on Thursday pressed ahead with more big-ticket reforms, raising the FDI cap in the insurance sector to 49 per cent, opening up the pension sector for foreign investment and clearing the Companies Bill, 2011. It also approved amendments to the...
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Protest against new Land Acquisition Bill
-Pratirodh.com NAPM on Tuesday started a three-day demonstration at Jantar Mantar in Delhi to protest against the draft Land Acquisition Bill and demanded revision of the draft to incorporate changes suggested by a Parliamentary panel and civil society. NAPM has organised the dharna in association with several other land rights and anti-displacement movements — like the National Forum of Forest people,Mazdoor Kisan Shakti Sangathan and Forest workers — under the banner of...
More »CAG report on Delhi International Airport ill-informed, full of holes
-The Economic Times The CAG's report on Delhi International Airport (DIAL) is naive and uninformed. It asks why land was made available to a private developer at reduced rates to build and run an airport for 60 years, and insinuates that the developer, Hyderabad-based GMR group, got a sweetheart deal from the government. It seems to find it abhorrent that 5% of the land allotted could be used commercially and claims...
More »4,800 acre government land leased to DIAL at Rs 100 per annum
-The Times of India The Comptroller and Auditor General of India has questioned giving Indira Gandhi International Airport land totaling 4,800 acres to Delhi International Airport Pvt Ltd (DIAL) — the government's joint venture with the Hyderabad-based GMR Group — on a lease rent of Rs 100 per annum, apart from a one-time fee of Rs 6.19 crore for 190.19 acres. Of this land, 240 acres worth Rs 24,000 crore would...
More »A tale of errors-R Ramakumar
Contrary to the claims of the UIDAI, fingerprints are a highly inappropriate tool to uniquely identify individuals. Case 1: “There are nine checks on visa nationals arriving into the U.K. [United Kingdom]. The fingerprint matching check is the most recent. It is the least reliable. It is the least effective in terms of delivering against our requirements….” So stated Brodie Clark, the former head of the United Kingdom Border Force, to a...
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