The ASCI report says there is ample evidence of “market dominance” in specific media markets, but the government has ignored the report for three years. A ministry official tells PARANJOY GUHA THAKURTA that it is unlikely to be implemented. A report prepared by an independent institution recommending imposition of cross-media ownership restrictions recently entered the public domain nearly three years after it was submitted,  following a rebuke to the government by...

-The Hindu Left parties for invoking Revenue Recovery Act against Rakshana Steels ‘owned' by YSR's kin With the State government cancelling the Bayyaram iron ore mining lease earlier granted to Rakshana Steels, a company allegedly belonging to former Chief Minister Y. S. Rajasekhara Reddy's kin, the demand for recovery of the lost mineral wealth has gained momentum. An enormous extent of over 1.41 lakh acres of iron-rich areas spread across Bayyaram, Garla and...

-Reuters Inflation may have accelerated at its fastest pace this year in May, driven by higher food and fuel prices, impeding chances of a rate cut by the central bank at its review next week, a Reuters poll showed. The wholesale price index, India's main inflation gauge, is expected to rise 7.60 percent in May versus a year ago, compared with April's 7.23 percent, the poll of 31 analysts showed. Forecasts ranged from...

Indefinite curfew was imposed in the remote Joga town of Mansa district in Punjab on Sunday when angry villagers attacked, set afire and razed a factory, after reports spread that the premises was used for cow slaughter. Two houses of factory owners were also destroyed. No loss of life has been reported. Chief Minister Parkash Singh Badal ordered the suspension of district police chief S.S. Chahal for dereliction of duty. Tension had...

-The Hindu The Central Advisory Board of Education has decided to constitute a committee to revisit the ‘no detention' provision under the Right of Children to Free and Compulsory Education Act, 2009. The panel will submit a report in three months. The Advisory Board, at a meeting on Wednesday, also endorsed the government's initiative to create a Credit Guarantee Fund to provide better flow of credit to deserving students. The Rs. 5,000-crore...