Indian Centre for Islamic Finance delegation makes presentation at Yojana Bhavan The Indian Centre for Islamic Finance (ICIF) has made out a strong case before Prime Minister's Economic Advisory Council member V. S. Vyas for introducing interest-free banking in the country at the earliest to ensure “inclusive growth with innovation” in accordance with the recommendations of the Planning Commission's Raghuram Rajan Committee. An ICIF delegation from New Delhi, led by its general...

Prime Minister Manmohan Singh today appeared to back the environmental evangelism blessed by Rahul Gandhi and pursued by Jairam Ramesh, saying “the business practices of some corporate houses have come under intense public scrutiny for their perceived ethical deficit”.Although the Prime Minister’s statement, made at India Corporate Week, carries echoes of the corruption charges now swirling around the country, the preceding sentences suggest environment issues were on his mind.Immediately after...

While the lay public may have been shocked by the revelation of an often cosy relationship between public relations (PR) professionals and the media, brought out by the Niira Radia telephone tapes, few in the media or in business would have been surprised. Few editors and reporters today can say they have not been approached for “friendly stories” or threatened with ad blackouts or block access for failure to publish...

Twenty-four hours ahead of the hearing in the Bombay High Court, the environment ministry has upheld its order asking Lavasa Corporation Limited to stop all work in its hill township project near Pune. Work at the 25,000-acre planned city was put on hold by a showcause order issued on November 25. The ministry had said that final order on the showcause will be issued by December 31, provided Lavasa “co-operated and...

A row between the EU and India over the transit of generic drugs through Europe has been resolved, negotiators told Reuters news agency.As a result of the deal at an India-EU summit in Brussels, an Indian complaint to the World Trade Organization will be suspended, India's trade minister said.But some fear the free trade agreement (FTA) at the core of the summit will hurt generic drug production.The FTA, one of...