The Serious Fraud Investigation Office (SFIO) will have powers to investigate and prosecute corporate entities under the Companies Bill, 2011, expected to be cleared by the Union Cabinet before Diwali.  The bill also envisages rotation of company auditors for higher accountability, corporate social responsibility, a more effective Regulation of related party transactions and stricter provisions to prevent siphoning of funds through subsidiary and associate companies.  The government expects the bill to modernise,...

The members of Bhartiya Kisan Union on Tuesday threatened to take a six-month holiday every year for 10 years from framing if the government fails to take note of the hardship faced by farmers over rising prices and acquisition of farm land for commercial activity. Rakesh Tikait of Uttar Pradesh said with increasing input costs, farmers were finding it difficult to cultivate round the year. “If the government does not pay...

India on Saturday managed to get backing of the world’s 19 most powerful economies on the issue of sharing tax information, as the G20’s draft communiqué for the first time took note of New Delhi's concerns. The draft, however, remained silent on recovery of ill-gotten wealth stashed in tax havens. The draft communiqué, to be issued by G20 finance ministers and central bank governors later on Saturday, has resolved to address...

The National Commission for Scheduled Tribes is upset that two important bills that would affect tribals have got the cabinet’s nod without incorporating suggestions given by the panel. “The ministries of mines and rural development failed to consult the NCST as mandated by the Constitution,” commission chairman Rameshwar Oraon told The Telegraph on Wednesday. Secretaries of both ministries had met Oraon, but what the NCST chief meant was the final drafts of...

L. Devasagayam moved into the tsunami resettlement quarters in the village of Idinthakarai on the coast in the far south of Tamil Nadu after his neighbourhood further south was destroyed in the 2004 calamity. But now, he worries that the colourful home that he gratefully accepted after that disaster could be his undoing. The reason for the fear confronts him when he steps out of his house. Clearly visible at a...