-The Hindu Makes clear that 17 safety measures are additional, not a condition precedent Attorney General G.E. Vahanvati asserted in the Supreme Court on Tuesday that the Kudankulam Nuclear Power Plant was absolutely safe and all apprehensions on safety of the plant were completely baseless. Making this submission before a Bench of Justices K.S. Radhakrishnan and Dipak Misra, Mr. Vahanvati also made it clear that it was not a condition precedent that all...

-The Hindu Stay refused, time granted to RBI to amend regulations With the Supreme Court observing on Monday that the Centre’s policy decision permitting FDI in multi-brand retail sector lacked legal sanction, the Attorney General (AG) G. E. Vahanvati assured that the Reserve Bank of India (RBI) would come out with amended Regulations within two weeks. A Bench of Justices R. M. Lodha and Anil R. Dave, while refusing to stay the policy...

-The Times of India The Supreme Court has said that the UPA govt did not follow the proper legal route while allowing 100% FDI in retail trade. The apex court gave the government time till November 5 to amend the FEMA policy decision as per the legal requirements. The Attorney General informed the court that the RBI is pursuing the amendments and the process would be expedited. In September, the government introduced new laws...

-The Hindu Seeks A-G’s assistance in clarifying issues raised by PIL The Supreme Court will examine the validity of the notification the Centre issued on September 20 of its decision to allow Foreign Direct Investment (FDI) in multi-brand retail. On Friday, a Bench of Justices R.M. Lodha and Anil R. Dave, without issuing notice, sought Attorney-General G.E. Vahanvati’s assistance in clarifying certain issues, and directed advocate M.L. Sharma, who has challenged the...

-The Times of India The Supreme Court has sought clarification on legal sanctity behind the Union government's policy decision to allow FDI in retail sector. The apex court said that policy decisions are in the sole domain of the government, but kept a PIL for hearing on October 12 as the petitioner argued that the recent FDI policy decision was not in consonance with RBI-framed regulations under FEMA. The SC, however, refused to...