Non-urea fertilizer prices were freed in April 2010, but GSFCL, DFPCL, RCF still got gas at regulated prices The fertilizer ministry is considering asking three non-urea fertilizer makers to return part of the gains they have made since April 2010 on account of gas supplied to them at regulated prices while they were allowed to sell their products at market prices. Rashtriya Chemicals and Fertilizers Ltd (RCF), Gujarat State Fertilizers and Chemicals...

The Economic Intelligence Council will discuss the issue when it meets at the end of this month The government is likely to form a central agency to regulate so-called multi-level marketing (MLM) schemes after the Economic Intelligence Council found they had become a “preferred” mode of fraud. In the wake of an increasing number of economic offences, the United Progressive Alliance government has also decided to set up a multidisciplinary school...

-The Times of India   As consumers open up to digital products, their personal data is being valued more and more as an asset. Facebook's looming $100 billion valuation is based on a presumption of having personal information on millions of users, which can be used to target advertising and content towards them. And Google is moving to collect similar information. Globally, the power of data aggregators is raising serious concerns around...

Issues raised in reference go beyond those raised in clarificatory petition filed in Supreme Court The cabinet on Tuesday cleared a request by the department of telecommunications (DoT) for a presidential reference on the 2 February Supreme Court judgement cancelling 122 licence allocated to nine companies in January 2008, in an attempt aimed at clarifying seven issues arising from that order. One of the seven involves the allotment of telecom licences between...

-The Business Standard The transition to direct fertiliser subsidy will not be easy The road map for direct transfer of fertiliser subsidy to farmers that Finance Minister Pranab Mukherjee outlined in the Budget has come under a cloud even before it is rolled out. Most in the fertiliser sector – including, notably, the fertiliser ministry and fertiliser dealers – are wary of trying it out, for fear that it might create more...