-Mumbai Mirror The Food and Drug Administration (FDA) recently cancelled Johnson & Johnson India's licence to produce cosmetic products at their Mulund plant. FDA's order will come into effect from June 24. According to FDA officials, the order was issued in a case dating back to 2007 when they found that 15 batches of Johnson & Johnson baby powder were sterilised by ethylene oxide, a known carcinogenic and irritant. "While ethylene oxide can...
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Purti group allegedly evaded tax worth Rs. 7cr: I-T dept
-PTI The Income Tax department has detected alleged tax evasion to the tune of Rs. 7 crore in the business transactions of Purti group of companies related to former BJP president Nitin Gadkari. Probing the alleged dubious transactions of the Purti Power and Sugar Limited (PPSL) since last year, the department has completed assessments pertaining to the last two financial years and has found evasion to the tune of more than Rs....
More »'RTI Act cannot be applied to co-operative societies' -Linah Baliga
-The Times of India Mumbai: "After the Constitutional Amendment and the status granted to the co-operative societies of self-governance, the RTI Act would be applicable to the Co-operative Society. More particularly after it being self-governed by Maharashtra State Ordinance of 2013 laying down the by-laws, rule, regulations, procedure and modalities," says the legal opinion of Senior Advocate Firoze Andhyarujina, which was released on Friday by Bombay Chartered Accountants' Society (BCAS), at...
More »Reliance Industries unit fined Rs. 11 crore for insider trading
-Reuters Mumbai: The Securities and Exchange Board of India (Sebi) has fined a unit of energy conglomerate Reliance Industries Ltd Rs. 11 crore over a 2007 insider trading case. The company, Reliance Petroinvestments Ltd, has 45 days to pay the fine, the Sebi said in its ruling published late on Thursday. The regulator said Reliance Petroinvestments made a profit of Rs. 3.83 crore through several trades between February and March 2007 that were...
More »Arrest ADGP in Ishrat case, orders CBI court
-The Hindu Ahmedabad: In another blow to the Gujarat police, already in the dock for a series of fake encounter killings, a special CBI sessions court on Thursday ordered the CBI Additional Chief Judicial Magistrate to issue an arrest warrant against Additional Director- General of Police (CID Crime) P.P. Pandey in the Ishrat Jahan fake encounter case. The Additional Chief Judicial Magistrate had turned down a plea by the CBI to issue...
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