In a move that would usher in greater transparency, the Central Information Commission (CIC) ordered that legal opinion sought internally by the government can be made public. The decision is also significant because it could compound the political problems of the Congress-led United Progressive Alliance (UPA), which is impacted by a series of allegations of corruption, some of which have been revealed through filing of queries under Right to Information (RTI). The...
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2G scam: CBI to oppose bail to corporate honchos in SC
-PTI The CBI will oppose the bail of five corporate honchos in the Supreme Court which is to hear their petitions on Monday, in connection with the 2G scam, days after it did not object to the bail pleas of DMK MP Kanimozhi and four others in the trial court. Sources in the investigating agency confirmed that it has instructed the lawyer to oppose the plea of corporate executives - Unitech Wireless'...
More »SMEs blame NREGA for labour woes by Saurabh Gupta
Small and medium enterprises (SMEs) have blamed the Mahatma Gandhi National Rural Employment Guarantee Act (MNREGA) for shortage of labour, which has led to increase in input cost of the products and eating into profit margins. "Now a days there is scarcity of labourers by 25 to 30 percent in SMEs. There is a high percentage of unskilled labour, which forms the core of employee recruitment in the local small and...
More »Vedanta varsity: status quo on land acquisition
The Supreme Court on Friday directed the Orissa government to maintain status quo on acquisition of about 6,000 acres of land for the proposed Vedanta University in Puri city. A Bench of Justices D.K. Jain and H.L. Dattu, admitting a batch of appeals from the Anil Agarwal Foundation, the State government and others, said status quo on the nature, character and possession of land should be maintained. After hearing senior counsel...
More »Anatomy of Indian capitalism by Himanshu
Ratan Tata has initiated an interesting debate on the nature of India’s capitalist class. His characterization of this class as crony capitalists may not be out of place given recent evidence on a politics, media, judiciary and corporate nexus.Crony capitalism is a system in which businesses multiply their wealth not by fair rules of the market, but through their nexus with governments. Classic examples are the distribution of legal permits,...
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