-The Economic Times NEW DELHI: You may end up saving more in the months ahead with the Employees Provident Fund Organization (EPFO) readying to re-notify a new definition of "compensation" that will include all your allowances, amid intense lobbying against the move by industry bodies. Currently, employers get away by contributing only 12% of the basic salary and dearness allowance, which is not paid by most companies, towards their share of "matching"...
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A deception most foul-Narayan Lakshman
-The Hindu Ranbaxy's fraudulent practices may have jeopardised millions of lives in India, Africa and the U.S. Exactly two weeks ago, the pharmaceuticals industry was rocked by revelations that one of the world's largest generic drug manufacturers, Ranbaxy Laboratories, pleaded guilty to seven federal criminal charges stemming from its fraudulent production practices dating back to 2008, and agreed to pay U.S. regulators $500 million in fines. Much has since been said about Ranbaxy's...
More »The rise and fall of Mahendra Karma – the Bastar Tiger -Suvojit Bagchi
-The Hindu Raipur: Launching the Congress party's ‘Parivartan Yatra' (March for Change) on Thursday in Bastar, a senior Central Minister, Jairam Ramesh, compared Mahendra Karma, the tribal leader, with a "slow tiger." "Mahendra Karma was called the ‘Bastar Tiger.' But the tiger has slowed down over the years," said the Minister in the presence of Mr. Karma and about two thousand Gond tribals. Sitting on the dais, Mr. Karma's reactions changed...
More »From Bofors to 2G, the same fate-Arun Kumar
-The Hindu The parliamentary committees on the howitzer scam and the stock market scandal protected the powerful and failed to fix accountability. The same is true in the spectrum case The current political situation brings back memories of 1989. The Prime Minister then was under a cloud in the Bofors scam. Many of his close associates like Lalit Suri and Ajitabh Bachchan were accused of wrong-doing. Today, Prime Minister Manmohan Singh and...
More »New CAG sworn in as SC admits PIL against him
-The Hindustan Times The Supreme Court agreed to hear a PIL challenging appointment of Shashi Kant Sharma as the Comptroller and Auditor General of India (CAG). An apex court bench, however, said there was no urgency in taking up the matter and posted the case for hearing in July. The 61-year-old 1976-batch Bihar cadre IAS officer has replaced Vinod Rai, who demitted office on Wednesday after a five-and-a-half year tenure. Advocate ML Sharma said...
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