Agriculture minister Sharad Pawar today said the government should take note of Ratan Tata’s statement that India risked turning into a “banana republic” and cautioned against the excessive use of the CBI. Pawar’s statement came in the middle of a CBI crackdown on an alleged bribes-for-loans scandal involving several top financial officials and real estate players in Maharashtra. Another real estate project, which was once associated with Pawar’s relatives, has been...

The Supreme Court on Tuesday took strong exception to the Enforcement Directorate (ED) filing an “unsigned” status report about its investigations into the issue of black money stashed in foreign banks. The apex court returned the unsigned status report which was placed before it in the sealed cover to the investigating agency making it clear that “it will not accept the report which has not been signed by any official”. “We want...

The country’s economic growth is expected to remain strong despite sluggishness in the manufacturing sector as a rebound in agricultural output is expected to support overall growth. Growth in the key farm sector, which accounts for nearly 17% of the nation’s GDP, has been a concern for policymakers for the past few quarters. But, healthy monsoon has raised expectations of strong farm output during July-September 2010. In addition, the arrival of...

NIIRA RADIA, the lobbyist at the heart of India’s audacious multi-billion telecom swindle, inaugurated a Krishna temple she funded in south Delhi on her birthday — that, interestingly, coincides with Indira Gandhi’s. Those present on the occasion said Radia prayed for long, presumably seeking divine intervention to wriggle out of the country’s biggest scandal. Before the temple visit, notices from the country’s Enforcement Directorate (ED), Income Tax (IT) Department and the...

If India is becoming a favourite destination for clinical trials, Maharashtra is the hub with Mumbai and Pune accounting for the largest number of clinical trials in the country. Maharashtra alone accounted for well over a quarter of all the clinical trials registered with the clinical trials registry of India till 2010. A study of the trials recorded in the registry, done by the Centre for Studies in Ethics and...