-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 »SEARCH RESULT
A constitutional contradiction-Manoj Rai
-Live Mint Why do the central and state govts deliberately undermine the constitutionally created panchayats? The collector of any district in India would be heading 100 to 150 committees related to various development initiatives in the area. Collectors often don't get time to prepare for or preside over the meetings of these committees-imagine what happens to implementation then. On the other hand, the heads of district panchayats and municipalities in the...
More »From hawala scam to coalgate, full circle for Supreme Court -GP Joshi
-The Hindu Non-implementation of the 1997 judgment in the money laundering case shows that freeing the CBI from political interference is a challenge even for the apex court "Our first exercise will be to liberate CBI from political interference." This is what the Supreme Court said while deliberating the coal scam status report. It is not the first time that the court will be embarking on such a project. A similar exercise...
More »An ecosystem to save, or squander-Madhav Gadgil and Ligia Noronha
-The Hindu Instead of opening a debate on the Gadgil panel's report on the Western Ghats, the government has chosen to sideline and replace it with another by an alternate group This is a challenging time in India's development history where a number of tenets of environmental governance are being questioned by the imperative of growth. Environmental governance in India is under assault, and is thus in need of both fresh thinking,...
More »FDI in retail is a boon, says Supreme Court-J Venkatesan
-The Hindu In a relief to the Centre, the Supreme Court on Wednesday upheld the government's proposal to allow foreign direct investment (FDI) in multi-brand retail trade (MBRT) saying the move did not suffer from any unconstitutionality, illegality, arbitrariness or irrationality. A three-judge bench of Justices R.M. Lodha, Madan B. Lokur and Kurian Joseph said "consuMer is king and if that is the philosophy working behind the policy then what is wrong...
More »