-The Times of India The Companies Bill, 2012, passed by the Lok Sabha a few months ago, has recognised the importance of diversity in the board room. Certain class of companies will soon be required to have at least one woman director on board. The EU has long recognised the value that women directors bring to the table. But, policies need to be reworked even at the ground level. With the budget...
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2G: NGO Asked to File Plea on Prosecutor-Accused Nexus
-Outlook The Supreme Court today asked an NGO to file a separate plea on the expose alleging collusion between the prosecutor and one of the accused in the 2G scam, saying that "contradictory" reports have emerged on it. "Newspapers' reports are contradictory and you (Centre for Public Interest Litigation) move an application," a bench of justices G S Singhvi and K S Radhakrishnan said. The court's remark came when advocate Prashant Bhushan, appearing...
More »Sebi attaches assets of 2 Sahara firms
-The Times of India MUMBAI: Market regulator Sebi on Wednesday cracked down on the retail-to-financial services Sahara group and ordered the attachment of all assets of two Sahara group firms, besides freezing their bank accounts and those of their promoters and directors including that of group head Subrata Roy. Sebi's crackdown on the two Sahara group firms—Sahara Housing Investment Corp and Sahara India Real Estate Corp — comes exactly a week after...
More »Cash transfers to tame food price spiral-Ashok Gulati and Shweta Saini
-The Economic Times Food inflation in India, as measured by food articles price index, has averaged 11.3% for the period FY 2008-09 to December 2012, with a maximum of 15.6% in 2010-11 and minimum of 7.3% in 2011-12. In December 2012, wheat prices stood 23% higher than in December 2011, and rice prices 17% higher in the same period. Although this spurt in wheat and rice prices in the face of...
More »Sori acquitted in crucial case, lawyer optimistic of speedy Essar trial-Suvojit Bagchi
-The Hindu Soni Sori, the tribal accused of acting as a courier between Essar Steel and the outlawed Communist Party of India (Maoist), has been acquitted in a crucial case filed in 2010 by the Dantewada district police against 19 individuals for allegedly opening fire and using explosives to blow vehicles of Essar. Ms Sori was one of the key accused in the case. “But the additional sessions court of Anita Dehariya could not find...
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