-PTI Expressing "extraordinary frustration" over India denying market access to the American poultry, US is gearing to drag it to the World Trade Organisation (WTO), with top lawmakers pressing the Obama Administration to act fast against New Delhi in this regard. The indication in this regard came from a top trade official of the Obama Administration, who told lawmakers on Wednesday that the US has taken similar action with the Chinese in...
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Ex-staffers of Swiss bank get ED notice
-The Times of India The Enforcement Directorate has issued notices to two former executives of the UBS Switzerland to appear for Evidence recording at Mumbai in the Hassan Ali money laundering case. The former executives are believed to have helped the Pune-based businessman Ali in his money laundering allegedly estimated at more than $8 billion. The income Tax had also served Ali with notices in the same case for recovery of Rs...
More »Small loans add up to lethal debts by Erika Kinetz
-AP The microfinance industry pursued a path of rapid business growth in recent years; two investigations now link it to debtor suicides First they were stripped of their utensils, furniture, mobile phones, television sets, ration cards and heirloom gold jewellery. Then, some of them drank pesticide. One woman threw herself into a pond. Another jumped into a well with her children. Sometimes, the debt collectors watched nearby. More than 200 poor, debt-ridden residents of...
More »India shuts aid groups involved in nuke protests
-AP India has shut down three aid organizations it says were diverting foreign funds toward rallying protests against a Russian-built nuclear plant in the south, but one group on Saturday denied any involvement in the protests while another said its efforts were entirely homegrown. Activists opposed to an expansion of India's atomic energy portfolio argue that Japan's Fukushima nuclear disaster caused by a massive earthquake and tsunami last March showed that such...
More »A tale of two reports by V Venkatesan
There are two serious points of disagreement in the reports of the SIT and the amicus curiae, Raju Ramachandran. THE Ahmedabad Metropolitan Magistrate, M.S. Bhatt, on February 15, rejected pleas seeking copies of the Supreme Court-appointed Special Investigation Team's (SIT) report on the 2002 Gujarat carnage until March 15 on a technicality – that the SIT needs more time to submit its full report along with all documents, Evidence and other...
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