-The Economic Times State levies on grain purchase by the Food Corporation of India (FCI) will reportedly push up the Centre's food subsidy bill by Rs 10,000 crore this fiscal year. This is absurd and untenable. High taxes and commissions - 14.5% in Punjab and 10.5% in Haryana - on the minimum support price (MSP) of grain jack up the costs of procurement, drive private trade out of these markets, and set...
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PIL against Bharti Walmart, Delhi high court seeks response
-The Times of India The Delhi high court on Wednesday sought replies from the Centre, Bharti Walmart Private Limited and Bharti Retail Limited on a plea for a probe against the firms for allegedly carrying out retail trading in multi-brand sector in violation of India's FDI policy. A bench of acting Chief Justice AK Sikri and Justice Anil Kumar issued notices to the Centre and the firms on a PIL filed by...
More »Govt accepts auction for allocating 2G spectrum
-CNN-IBN The Central Government on Thursday accepted before the Supreme Court the auction route for allocating 2G spectrum. Attorney General G E Vahanvati told the Supreme Court that the Centre favoured auction for future sale of spectrum. But the government is yet to decide on whether it favours auction for sale of all scarce natural resources to commercial parties. The apex court had on Wednesday said that it cannot reject the presidential reference...
More »PIL against Walmart for reaching end customers via Bharti Retail
-The Economic Times A social activist has filed a case in the Delhi High Court alleging that the US-based Walmart is carrying retailing to the end consumer through Bharti Retail, a Bharti Enterprises group company. The high court has sent notices to Bharti Walmart, Bharti Retail as well as the central government, seeking their replies on the petition filed by environmental activist Vandana Shiva. Bharti Walmart is a 50:50 wholesale retail joint...
More »Goa panel recommends 20-25 MMT cap on iron ore extraction
-PTI Goa cannot have unlimited mining given its ecological sensitivity, the Mashelkar Committee said, demanding that the cap should be such that it will protect the environment and social well being of the state Panaji: A committee of experts constituted by the Goa government has recommended a cap on extraction of iron ore in the coastal state to 20-25 million metric tonnes (MMT), which is almost half the existing exports, reports PTI. The...
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