-The Economic Times NEW DELHI: Narendra Modi's Gujarat government, lauded by India Inc for being business friendly, has stumped industry as it seeks to back out of the high tariffs contracted for nearly 1,000 MW of solar plants of the Tatas, GMR, Adani, Bollywood star Ajay Devgn, Lanco and others. Industry leaders said the move was shocking as it raised issues about the consistency of the state's policy, but the business-savvy Gujarat...

-The Economic Times MUMBAI: The Union Cabinet this week passed an ordinance to implement the National Food Security Bill (NFSB). The bill guarantees legal entitlement of food grains at a subsidised price to ~67 per cent of India's population. The ordinance will come into effect immediately once it is signed by the President. But it also needs to be approved by both the houses of Parliament in the monsoon session within six...

-The Hindu     Restrictions on cross-media ownership in offing too The Telecom Regulatory Authority of India (TRAI) is all set to recommend the creation of an ‘institutional buffer between corporate owners and newspaper management' to the government. TRAI, which is also the regulator for the broadcasting industry, will also suggest ways to restrict cross-media ownership in line with practices in ‘most other established democracies.' TRAI chairman Rahul Khullar told The Hindu his recommendations would...

-Newsclick.in A few weeks back Fortune magazine and CNN carried a long online blog titled ‘Dirty Medicine' by Dinesh Thakur, a former employ of Ranbaxy, where he recounts how he came across several procedural and other lapses in the company's manufacturing facilities. Since then the Fortune blog has become one of the most widely circulated and commented upon business stories in the world. The story received attention as it came in the...

-The Business Standard But RTI is not the tool to impose transparency on parties There is no doubt that much is wrong with how elections in India are financed. In India, as in most democratic countries, the need for political funding is often what causes cronyism and outright corruption - in fact, more than one politician, cutting across party lines, is on record making this argument. It is necessary, certainly, to introduce...