-The Indian Express New Delhi: Stung by the Saradha episode, the government has decided to drastically amend legislation governing the market regulator's power to police chit fund companies. The finance ministry will push for the legislation to be cleared in the current session of Parliament and, if that fails, to issue an ordinance immediately afterward. Government managers believe the explosion of Ponzi schemes in West Bengal and in Uttar Pradesh is enough...

-The Hindu Hyderabad: Sixteen MPs of Opposition parties, have appealed to the Centre to withdraw the Biotechnology Regulatory Authority of India (BRAI) Bill in view of the flaws it had. The MPs pointed to the inherent conflict of interest in the Bill in that it was introduced in Parliament by the Union Ministry of Science and Technology which is also promoting GM crops. The provisions showed limited public participation, no transparency, lack...

-The Indian Express CBI director Ranjit Sinha admitted to the Supreme Court on Friday that the agency's status report on the coal blocks allocation case had been shown to Law Minister Ashwani Kumar "as desired by him". The report was also shared with a senior official each from the Prime Minister's Office and the coal ministry, the CBI director said. The government has been in turmoil - facing demands for an explanation...

-The Times of India MUMBAI: You could be popping certain pills and combinations that are illegally approved, harmful, cleared without proper clinical trials or even banned in the US and other countries. Delivering a severe rap on the government's knuckles, a parliamentary standing committee on health has charged it with "dilly-dallying and procrastination'' over serious irregularities in approval of life-saving medicines, not following the global ban on harmful drugs, and failing...

-The Times of India The National Advisory Council (NAC) on Friday approved mandatory public consultation on new laws and rules before they are brought to Parliament. This will for the first time provide an institutional structure for civil society representatives to express their views. The "pre-legislative process'' was brought in the wake of increasing dissatisfaction over legislations piloted by the government, especially the Lokpal Bill. The move was initiated by NAC...