-Outlook The Election Commission has come across instances of suspected violations of the Foreign Contribution Regulation Act by Congress and the BJP in their acceptance of donations from subsidiaries of multi-national firm Vedanta group. An investigation by the EC, carried out with the help of the I-T department, has found that both the parties had received about Rs 5 crore each from two subsidiaries of the Vedanta group -- Sterlite Industries and...
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Election Commission seeks probe into FCRA 'violation' by Congress, BJP
-The Times of India The Election Commission (EC) has asked the Union home ministry to probe the alleged violation of the Foreign Contribution Regulation Act (FCRA) by both the Congress and the BJP by receiving donations of about Rs 5 crore each from Vedanta Group subsidiaries — Sterlite Industries and Sesa Goa. Nirvachan Sadan sources told TOI that the Representation of People Act (RPA) debarred political parties from receiving contribution for a...
More »Policy on FDI in retail lacks legal sanction, says SC
-The Hindu Stay refused, time granted to RBI to amend regulations With the Supreme Court observing on Monday that the Centre’s policy decision permitting FDI in multi-brand retail sector lacked legal sanction, the Attorney General (AG) G. E. Vahanvati assured that the Reserve Bank of India (RBI) would come out with amended Regulations within two weeks. A Bench of Justices R. M. Lodha and Anil R. Dave, while refusing to stay the policy...
More »FDI in Retail: A Low-down on the Falsehood over an Exclusionary Policy-Kamal Nayan Kabra
-Mainstream Weekly Intense and motivated propaganda, powerful national and international diplomatic pressure, verging on pure and simple arms-twisting of the kind the Third World has been facing for decades by means of the active role of the econo-mic hit-men in the policy establishments, huge cash-back lobbying, both in India and abroad, blunt attempts to bamboozle the persons holding key positions in India’s policy establishment through a combination of hissing and kissing...
More »Supreme Court to examine validity of FDI notification -J Venkatesan
-The Hindu Seeks A-G’s assistance in clarifying issues raised by PIL The Supreme Court will examine the validity of the notification the Centre issued on September 20 of its decision to allow Foreign Direct Investment (FDI) in multi-brand retail. On Friday, a Bench of Justices R.M. Lodha and Anil R. Dave, without issuing notice, sought Attorney-General G.E. Vahanvati’s assistance in clarifying certain issues, and directed advocate M.L. Sharma, who has challenged the...
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