Central pension plan NPS finally gets a boost The ‘New’ NPS     Measure: Improve incentives for distributors. Has been recently implemented.     Impact: Was required. But won’t be enough, need consumer education to build volumes.     Proposal: Increase fund management fees with an option to lower later.     Impact: Under consideration. But finance ministry unhappy with increase in costs.     Proposal: Relax the norms to appoint more fund managers to increase Distribution.     Impact: Unlikely. At...

-The Times of India In one of his most emphatic public statements reaffirming the return of 'equity' in India's climate change stance, Prime Minister Manmohan Singh said global cooperation on climate change "must be based on the foundation of the right to development and the need for an equitable Distribution of burden".  Coming days before India makes its submission outlining the frame for a post-2020 climate regime, PM's statement was a closely...

Often criticised for alleged judicial overreach, the Supreme Court on Thursday justified its order cancelling 122 licences for 2G-spectrum, saying it was duty-bound to strike down policies that violate constitutional principles or were contrary to public interest. An apex court bench said this was needed to “ensure that the institutional integrity is not compromised by those in whom the people have reposed trust and who have taken oath to discharge duties...

Sending a clear message that the 2G spectrum allocation of 2008 is a scam and not the result of a government policy decision, the Supreme Court today quashed the grant of 122 UAS licences and allocation of spectrum to 12 private companies. Even as the trial in the 2G case progresses in a Patiala House trial court in Delhi, a bench of Justices G S Singhvi and A K Ganguly held...

-The Telegraph Income tax officials today searched the house and two dozen properties of a liquor baron said to be close to Mayawati, the simultaneous raids apparently throwing up a chest that needed gas-cutters to prise open. TV reports claimed the chest — found in the basement of a Noida mall said to be owned by Gurdeep Singh Chadha — could be stashed with notes worth over Rs 100 crore, but late...