Foreign companies affected by 2G verdict can invoke investment treaties The cancellation of the Unified Access Service Licence with 2G spectrum to telecom companies by the Supreme Court is celebrated as a triumph of the rule of law over jobbery and nepotism. Amidst this celebration, it is pertinent to understand the ramifications of the ruling. Since it affects foreign companies like Telenor of Norway, Sistema of Russia, and Etisalat of the...
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Elusive jobs by TK Rajalakshmi
It is getting harder for jobseekers to return to gainful employment and for new entrants to find adequate jobs, says the ILO. THERE is little in the International Labour Organisation's (ILO) annual projection of job growth to cheer about. The year 2012 has been described as a year of stark reality. A third of the global workforce is currently unemployed or poor; that is, 200 million members of the 3.3-billion-strong global...
More »ED registers money laundering case against Marans
-PTI The Enforcement Directorate has registered a money laundering case against former Union minister Dayanidhi Maran and his brother Kalanidhi in connection with the 2G spectrum allocation case. The case, registered on Tuesday under the Prevention of Money Laundering Act (PMLA), pertains to an alleged illegal gratification of about Rs 550 crore allegedly received by the Maran brothers in the Aircel-Maxis deal. Maran, a former Union telecom minister, had quit from the...
More »Karnataka’s illegal mining: Panel suggests to scrap 49 patently illegal licences
-The Economic Times A panel set up by the Supreme Court to investigate Karnataka's illegal mining mess has made some important recommendations. It says 49 licences are patently illegal and should be scrapped. Another 72 mining companies should be fined for operating outside sanctioned areas. It also asks for Karnataka's iron ore output to be capped at 30 million tonnes, down a third from its 45-million-tonne level till the court banned all...
More »Have pulled some pages, Google tells court by Jayant Sriram
Of the 22 companies summoned by a Delhi civil court over objectionable content on their websites, only Google India submitted today that it had removed certain contentious pages. Facebook, Yahoo! India and Microsoft said there was no cause for action against them. In its affidavit, Facebook told the court that it does not control or operate the servers that host the website at www.facebook.com, which are located in the US. Google...
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