The Serious Fraud Investigation Office (SFIO) will have powers to investigate and prosecute corporate entities under the Companies Bill, 2011, expected to be cleared by the Union Cabinet before Diwali.  The bill also envisages rotation of company auditors for higher accountability, corporate social responsibility, a more effective regulation of related party transactions and stricter provisions to prevent siphoning of funds through subsidiary and associate companies.  The government expects the bill to modernise,...

The members of Bhartiya Kisan Union on Tuesday threatened to take a six-month holiday every year for 10 years from Framing if the government fails to take note of the hardship faced by farmers over rising prices and acquisition of farm land for commercial activity. Rakesh Tikait of Uttar Pradesh said with increasing input costs, farmers were finding it difficult to cultivate round the year. “If the government does not pay...

The National Commission for Scheduled Tribes is upset that two important bills that would affect tribals have got the cabinet’s nod without incorporating suggestions given by the panel. “The ministries of mines and rural development failed to consult the NCST as mandated by the Constitution,” commission chairman Rameshwar Oraon told The Telegraph on Wednesday. Secretaries of both ministries had met Oraon, but what the NCST chief meant was the final drafts of...

Why were two tribals and the Essar group framed by the Chhattisgarh police? Why are Soni Sori and Linga Kodopi being systematically silenced? This chilling story of one family reveals more about India's Naxal crisis than any official document can. AS I sit to write this, at 12.20 pm on 4 October 2011, an SMS pops up on my phone: “Soni Sori has been arrested by the Delhi Crime Branch.” The...

-The Times of India   Facing a political storm over its poverty line prescription, the government decided to revise the Rs 32 a day expenditure criteria for urban population (Rs 26 for rural) by factoring in the 2009-10 National Sample Survey Organization report on household spend. The pittance outlined in the Planning Commission affidavit before the Supreme Court left the government squirming as the BJP and Left attacked it for Framing poverty guidelines...