-The Business Standard Policy must target faster growth in labour-intensive sectors It was reported on Wednesday that a sample of large manufacturing companies saw their workforce grow at an average rate of almost three per cent every year over the past decade. Putting aside technical niceties such as the representativeness of the sample, to the extent that the companies covered are mostly market leaders in their respective sectors, this statistic is very...
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500 cr, 120 cr, 100 cr penalty... Govt moves against 33 pvt hospitals -Pritha Chatterjee
-The Indian Express New Delhi: At least 33 private hospitals in Delhi have been sent letters for recovery of retrospective penalty - from the time land was allotted to them - for not meeting norms related to free treatment of the economically weaker section and for amassing "unwarranted profits". The letters have been sent by the Delhi government which hopes to recover more than Rs 1,500 crore in penalty from these hospitals....
More »Food Corporation of India is prepared to implement Food Security Law: KV Thomas -Sutanuka Ghosal
-The Economic Times KOLKATA: In the wake of the just-enacted National Food Security Act, the Union Minister for Food and Public Distribution, Prof KV Thomas recently reviewed the operations of Food Corporation of India (FCI), especially from the point of view of its preparedness for implementing the law. Expressing satisfaction after the review, Prof. Thomas said the FCI had been undertaking various steps in the last one year towards increasing the storage...
More »ICAI plans to audit rural job scheme
-The Hindu Chennai: In a move to usher in more transparency in Mahatma Gandhi National Rural Employment Guarantee Act, the Institute of Chartered Accountants of India (ICAI) will evolve standards to audit the scheme in 2.5 lakh villages, said ICAI president, Subodh Kumar Agarwal on Friday. Briefing reporters, he said ICAI would evolve a standardised procedure as the auditing of the MGNREGA scheme was unstructured one. He also urged the Centre...
More »'RTI Act cannot be applied to co-operative societies' -Linah Baliga
-The Times of India MUMBAI: "After the Constitutional Amendment and the status granted to the co-operative societies of self-governance, the RTI Act would be applicable to the Co-operative Society. More particularly after it being self-governed by Maharashtra State Ordinance of 2013 laying down the by-laws, rule, regulations, procedure and modalities," says the legal opinion of Senior Advocate Firoze Andhyarujina, which was released on Friday by Bombay Chartered Accountants' Society (BCAS), at...
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