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When innovation is under threat-Swati Piramal

-The Financial Express A patent law that is transparent, based on principles of good science & encourages innovation is in India's interest In 500 BC, in the Greek city of Sybaris, it was proclaimed that "encouragement was held out to all who should discover any new refinement in luxury, the profits arising from which were secured to the inventor by patent for the space of a year." England followed with the Statute...

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CAG raps Bihar govt for 'fiscal indiscipline'

-The Times of India PATNA: The Bihar government, which keeps crying for more central assistance, could not spend Rs 1472.61 crore in 2012 and surrendered 100 per cent funds in 192 schemes, depriving the beneficiaries of the benefits, according to the CAG report for 2011-12 presented in state assembly on Tuesday. Central funds for several schemes also remained unutilized, it said. The CAG also regretted the lack of objective planning in utilization...

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Troubled by protests, Sterlite awaits green tribunal’s order -Gopu Mohan

-The Indian Express Chennai: The fate of Sterlite Industries, and that of thousands of people of coastal Tuticorin, now depends on the south bench of the National Green Tribunal, which is hearing the company's petition against its closure ordered by the Tamil Nadu Pollution Control Board (TNPCB). The biggest copper smelting unit in the country, part of the Vedanta Group, moved the tribunal after the TNPCB ordered closure of the plant following...

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CAG rapped Bihar government for lack of plan on utilisation of funds

-PTI PATNA: CAG has ticked off Nitish Kumar government for lacking objective planning for utilisation of funds drawn on Abstract Contingency(AC) bills. The Bihar government had withdrawn Rs 16,033.01 crore on AC bills between 2009-12 of which the plan head drawals accounted for Rs 12,332.64 crore which indicated that object level planning was absent as items of expenditure were known while drawing the amount, CAG said in its report on state finances...

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‘Serious gaps’ in EIA of Mithivirdi nuclear plant-Darshan Desai

-The Hindu Environmentalists say EIL is not qualified to conduct study, want report to be reviewed by an independent experts panel Ahemedabad: Environmental experts and activists, who have alleged that Engineers India Limited (EIL) is not qualified and accredited as yet to conduct an environmental impact assessment (EIA) of the Mithivirdi nuclear power plant in Gujarat’s Saurashtra region, have found serious gaps in the EIA report itself in its present form. They have...

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