-The Indian Express At a time when the government is struggling to get past objections from its coalition partners to attract investment in certain sectors such as retail, aviation and pensions fund management, a grim internecine ministerial battle has applied the brakes on foreign direct investment flow into one of the more attractive and lucrative sectors — pharmaceuticals. Clearances for over Rs 1,000 crore FDI in this sector, the second largest in...

Supreme Court wants hazardous waste rules aligned with Basel Convention THE Supreme Court has directed the Centre to ban the import of hazardous waste. While hearing a 17-year-old case, the court also asked the government to amend the existing laws pertaining to toxic waste so that they comply with the Basel Convention, an international treaty that prohibits transboundary movement of toxic waste. India ratified the Convention in 1992. The court gave the...

-The Economic Times The government plans to intervene in the use of water by industries and encourage conservation of the increasingly scarce resource by setting up a 'bureau of water-use efficiency' to grade various sectors and issue guidelines, official sources said.  "We'll start with the industries and analyse whether they are water friendly or not," said a senior official at the ministry of water resources.  For this, the ministry has roped in industrial...

-The Economic Times   India's frequent ban on export of foodgrains and other farm commodities may soon become a thing of past as the commerce department is working on a policy to allow traders meet their exports obligations even in times of domestic shortages through imports.  The move will help India restore some global credibility as it has often faced flak for its banning spree.  "Once we are ready with the proposal, it will...

-NDTV The government has approved export of two million tonnes of wheat from central pool stock in order to clear storage space for new crops. The decision was taken by the Cabinet Committee on Economic Affairs (CCEA) in Delhi today. "CCEA has approved export of two million tonnes of wheat from government stock with floor price of $ 228 (about Rs. 12,400) per tonne," Food Minister KV Thomas told PTI after the meeting. The...