-The Pioneer Minister misused Corporate slot to raise funds for family Trust Union Petroleum Minister M Veerappa Moily could be in the dock for raising funds for his family controlled trust from a corporate giant when he was Corporate Affairs Minister. Moily faces another serious case of conflict of interest as a top official of Reliance Industries is advisor to a company controlled by Moily’s son Harsha Moily. Even earlier, the Minister...
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Business by other means -Ajoy Ashirwad Mahaprashasta
-Frontine Walmart’s disclosure that it spent huge amounts of money on lobbying in India and the allegation that it entered the retail sector through indirect means highlight the power of global capital in dictating the country’s policies. The world’s largest multi-brand retailer Walmart’s disclosure to the United States Senate that it had spent $25 million (Rs.135 crore) since 2008 on its various lobbying activities, which include enhancing access to the Indian...
More »How Wal-Mart got a foot in the door of India's retail market
-Reuters MUMBAI: Wal-Mart Stores Inc prepared its entry into India's supermarket sector in 2010 with a $100 million investment into a consultancy with no employees, no profits and a scant $14,000 in revenue. The company, called Cedar Support Services, might have been a more obvious selection four months earlier: it began its corporate life as Bharti Retail Holdings Ltd, according to documents filed with India's Registrar of Companies. The Cedar investment is now...
More »Greenpeace warns of overfishing 'crisis' in Indian Ocean
-AFP COLOMBO: The environmental group Greenpeace on Monday said there was an "overfishing crisis" in the Indian Ocean and urged better monitoring of trawlers. Greenpeace raised the alarm as its flagship Rainbow Warrior arrived in Sri Lanka at the end of a two-month expedition in the Indian Ocean to monitor tuna fishing and poaching in the region. "The monitoring of tuna fisheries must be strengthened," Greenpeace said in a statement, adding there was...
More »SC stays all 2G proceedings in Delhi HC
-The Times of India The Supreme Court on Friday stayed all proceedings before the Delhi High Court relating to 20 petitions by 2G spectrum scam accused, including former telecom minister A Raja, DMK MP Kanimozhi and others who had challenged the trial court's decision to frame charges against them. Appearing for the CBI, senior advocate K K Venugopal informed a bench of Justices G S Singhvi and K S Radhakrishnan that though...
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