The Serious Fraud Investigation Office (SFIO) will have powers to investigate and prosecute corporate entities under the Companies Bill, 2011, expected to be cleared by the Union Cabinet before Diwali.  The bill also envisages rotation of company auditors for higher accountability, corporate social responsibility, a more effective regulation of related party transactions and stricter provisions to prevent siphoning of funds through subsidiary and associate companies.  The government expects the bill to modernise,...

-One World South Asia The recent report on paid news by Press Council of India recommends that representation of the People Act, 1951, should be amended to make the practice of paid news a punishable electoral malpractice. The Report defines paid news as Any news or analysis appearing in any media (Print & Electronic) for a price in cash or kind as consideration. The Report records that “Sections of the media in India...

The Centre is likely to raise remuneration under its rural job guarantee scheme and align it with the notified minimum wages of states following a court order last month.  Millions of workers enrolled under the government’s Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) are entitled . 100 a day for a minimum of 100 days of work in a year. Despite the wage now being linked to the consumer price...

In a setback to the police, Ahmedabad sessions court today granted bail to jailed IPS officer Sanjiv Bhatt, who was arrested on September 30, based on a complaint filed by a police constable. Bhatt was accused of forcing a police constable KD Pant to file a false affidavit supporting his claim that Bhatt had attended the meeting called by the chief minister after Godhra train carnage. He was also accused...

Five years after it had upheld the expulsion of 11 MPs in the cash-for-questions scam, the Supreme Court on Monday dismissed the Delhi police's bid to prosecute the two journalists who had conducted the sting operation. As a corollary, a 2010 Delhi High Court ruling that corruption can be exposed by undercover journalists without informing authorities has attained finality. A bench headed by Justice Aftab Alam dismissed the special leave petition filed...