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Steep fuel price hike likely as under-recoveries rise -Rajesh Chandramouli

-The Times of India CHENNAI: With the oil ministry looking to announce steps to curb fuel consumption on September 16, industry insiders and analysts expect a steep one-time increase in prices of diesel and domestic LPG. In several key cities, the under recovery in domestic LPG is more than double that of the selling price while in diesel, the gap has increased to Rs 12.12 a litre from Rs 9.03 per litre...

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Green norms bent to help corporates -Nitin Sethi

-The Hindu     CAG report uncovers forestland scam, says government lost thousands of crores The Comptroller and Auditor General in its latest report has unearthed a massive scam involving forestlands being given over to industry without following laid down regulations - in violation of Supreme Court orders and forest laws - and involving large-scale misuse of funds leading to a loss to the government running into thousands of crores. The report blames some...

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Fast food set to be red-flagged in schools' menus by Dec-Viveat Susan Pinto

-The Business Standard FSSAI will put the draft guidelines in front of a seven-member expert committee Mumbai: In what would alter the consumption pattern of products such as burgers, pizzas, sandwiches, snack foods and soft drinks in schools, the Food Safety and Standards Authority of India (FSSAI) is putting in place final guidelines to determine what counts as healthy food in educational institutions. The guidelines, to be released by December this year, would...

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Land Acquisition Bill gets a green signal from Rajya Sabha

-The Indian Express   Rajya Sabha on Wednesday passed the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Bill, 2013. The proposed law, which will replace the Land Acquisition Act, 1894 that suffers from various shortcomings, including silence on the issue of resettlement and rehabilitation of those displaced, stipulates mandatory consent of at least 70 per cent of landowners for acquiring land for Public Private Partnership (PPP) projects...

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The land Bill is pro-bureaucracy, anti-farmer-NC Saxena

-The Business Standard The process prescribed in the law is so cumbersome and time consuming that neither industry nor landowner will benefit Fast economic growth in the last two decades has increased demand for land from many sources, such as infrastructure, industry, mining, and urbanisation, including real estate. Even when these activities are funded privately and are driven by profit motive, they serve a social purpose since employment generation per unit of...

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