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SC clears 2G mass burial by Samanwaya Rautray

The Supreme Court has dismissed several review pleas filed by corporate houses challenging the decision to cancel 122 spectrum licences in the 2G case. The dismissed cases include those of Videocon, S Tel, Sistema Shyam Teleservices, Tata Teleservices, Idea Cellular, Unitech Wireless (TN) and Etisalat DB Telecom. The two-judge bench said that on April 13, it would hear in open court the government’s plea to review whether policy decisions can be overturned...

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Fertiliser Ministry moots 10% hike in urea prices-Rituraj Tiwari

The fertiliser ministry is mooting a proposal to raise urea prices by 10%. With this proposed revision, which will have to be endorsed by the Cabinet Committee on Economic Affairs, urea prices will go up from Rs 5,310 per tonne to Rs 5,841 per tonne.  This will help the government to reduce its annual subsidy burden by around Rs 2,000 crore. At present , the annual urea subsidy bill is in...

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PMEAC comes up with 3 pricing models to fix retail prices of 328 drugs-Khomba Singh

The Prime Minister's Economic Advisory Council has suggested a complex combination of three pricing models to fix retail prices of 348 essential drugs to balance industry's concerns and public health. The proposal, however, has drawn the ire of drug makers who say it is a watered down version of the health ministry's proposals. The council has proposed that for medicines facing "insufficient competition" or a monopoly-like situation, the retail price should...

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Come June, bountiful Rabi harvest poses problem of plenty by Rajeev Deshpande & Surojit Gupta

A problem of plenty is looming as by June 1, an estimated 12 million tonnes of foodgrain will have to be stored in the open in "kutcha plinths" with a bountiful Rabi harvest and procurement of 65 million tonnes of grain boosting food stocks to record levels. With states like Madhya Pradesh - apart from the wheat baskets of Punjab and Haryana - delivering bonus yields, food stocks are expected to...

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Cloud over Microsoft, Infosys, Wipro campuses in Andhra Pradesh

-The Times of India In a decision that jeopardizes land allocated to corporates and institutions such as Microsoft, Wipro, Infosys, Emaar, Indian School of Business and Lanco, the Andhra Pradesh high court on Tuesday refused to entertain petitions that challenged the power of the Andhra state wakf board to notify 1,650 acres of in Manikonda village of Ranga Reddy district as wakf land. The court asked the companies to approach the tribunal...

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