-The Times of India NEW DELHI: The Competition Commission of India (CCI) on Wednesday imposed penalty of over Rs 6,700 crore on 10 cement companies including ACC, Lafarge, Ultratech, Jayprakash Associates, Binani and their trade association the Cement Manufacturers Association (CMA) on charges of cartelisation in the sector. The information in the case was filed by the Builders Association of India against the cement firms and the CMA, alleging that they flouted...
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Panel proposes 70% reduction in royalty on GM cotton seeds -Sayantan Bera and Shreeja Sen
-Livemint.com The nine-member cotton seed price control committee has recommended a maximum sale price of Rs.800 for a 450g packet of Bollgard II Bt cotton seeds New Delhi: A government panel on genetically modified Bt cotton has recommended a steep reduction in royalty fees payable to technology companies, and lower seed prices. If accepted, the recommendations will benefit nearly 8 million cotton farmers in India, but may raise concerns about how India...
More »India to get own version of class action lawsuits -Dipak Kumar Dash & Mahendra Singh
-The Times of India NEW DELHI: India is set to have a stronger consumer protection law with its own version of class action suits. As the term is usually defined, a class action suit is one in which one or several persons sue on behalf of a larger group of persons, referred to as "the class". However, the Indian version will not allow individuals to sue on behalf of a larger...
More »Inflation: Three reasons why rising food prices could be here to stay -M Rajshekhar
-The Economic Times None of the standard explanations quite explain the rise in food prices India has seen: pronounced since 2006 and alarming after 2010. Drought and poor rains? The country has seen good aggregate rainfall in most of those years. Spike in global prices? Those were high in 2007-08, not now. Fragmented value chains that allow middlemen to grab large margins? The value chain has always been fragmented. Growth has slowed...
More »Back to cereals
-The Business Standard The only way to fix food inflation Both the inflation figures for November and current market reports indicate that the contours of food inflation have changed tangibly of late. While the prices of pulses, edible oils and sugar have tended to either moderate or decline, those of staple cereals, notably rice and wheat, and of perishable items, chiefly vegetables and fruits, continue to propel food inflation higher. The blame...
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