-The Hindu Proposed NIB would be illegal, she says Minister of State for Environment and Forests Jayanthi Natarajan has expressed “very serious concern” at the setting up of a National Investment Board to fast-track clearances of major infrastructure projects, saying the “concept is unacceptable,” documents exclusively obtained by The Hindu reveal. In a five-page letter sent to Prime Minister Manmohan Singh on October 9, Ms. Natarajan said the proposal would upturn established procedures...

-The Hindu Union Railway Minister C.P. Joshi has announced the decision to constitute a Rail Tariff Authority, based on which the next hike in passenger fares and freight rates will be effected. The Tariff Authority is an attempt at insulating the Railways from various hikes being effected by the government, including on fuel price, which officials regard as having made the operation of the Railways in the current situation unviable. Addressing the Economic...

-The Indian Express The government’s proposal to price-control certain drugs will create more problems than it will solve From clothes to cars, prices of consumer products the world over are determined taking into account input costs, margins and competition, popularly called the cost-based pricing system. Departing from this sound, fair, tried and tested principle of commerce, the government’s new drug pricing policy, approved by the Group of Ministers headed by Sharad Pawar,...

-The Hindu The Group of Ministers (GoM), discussing the controversial Land Acquisition Bill, has failed to reach a consensus at their second meeting on Monday, remaining divided on what percentage of landowners need to consent, as well as if the Bill’s provisions should be applied retrospectively to ongoing acquisitions. “Two or three more meetings are needed to finalise the Bill,” Agriculture Minister Sharad Pawar, who heads the GoM, told journalists after the...

-The Times of India Top Congress leader and defence minister A K Antony said government should not acquire land for private entities since it is a big trigger for agitations, reverting the debate over land acquisition bill to the strict norms that were sought to be diluted on the pretext of industrialization.  Antony told the Sharad Pawar-led group of ministers debating the proposed bill that land had become a scarce resource and...