The government's auditor has accused Mukesh Ambani's Reliance Industries Ltd of violating terms of the contract for its showcase Andhra offshore acreage and expressed doubt over the costs at which India's biggest private sector oil company contracted goods and services for bringing the largest gas discovery into production. The Comptroller and Auditor General's final report on a special audit of Reliance's Krishna-Godavari basin fields, presented to Parliament on Thursday, also suggests...

-IANS   Rural Development Minister Jairam Ramesh on Wednesday said the draft land acquisition bill is a "political bill which strikes a balance between social benefit and economic growth" and gave the "entire credit" for it to Congress general secretary Rahul Gandhi. Referring to the recent agitations over land acquisition in parts of Uttar Pradesh, Ramesh said Rahul Gandhi made "key contributions" in the draft Land Acquisition and Rehabilitation and Resettlement Bill,...

-The Economic Times   The government has defended its new land acquisition bill as industry-friendly, refuting criticism that provisions contained in the legislation were retrograde and would push up costs for state-run and private companies. Industry groups had slammed the new Land Acquisition, Rehabilitation and Resettlement Bill (LARR) 2011, cleared by the cabinet earlier this week and tabled in parliament on Wednesday, saying it was "burdensome" and "anti-development". But Rural Development Minister...

The global 'farmland grab' in Ethiopia and the rest of Africa has become competitive, with companies from Asia, including India and China, joining it. AN extraordinary new process has been at work in the past few years: the aggressive entry of Indian corporations into the markets for agricultural land in Africa. At one level, this process is simply following the hoary old tradition in global capitalism of firms (often supported...

India is the worst among the six top Asian economies when it comes to the representation of women in the workforce at junior and middle-level positions, according to the Gender Diversity Benchmark for Asia 2011 report. “It performs only slightly better than Japan at senior level positions,” said the report released by Community Business, a non-profit organization focusing on diversity and inclusion in Asia. The report surveyed women at different levels across...