-The Indian Express The UPA government's ambitious Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act was notified on Tuesday, and will come into effect from January 1 next year. The rules to the Act, however, are yet to finalised. The Act, which replaces the Land Acquisition Act, 1894, has sought to correct the low rates of compensation under the old Act by providing compensation of up to...
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Anu Aga's lone dissent note on excluding political parties from RTI-Kavita Chowdhury
-The Business Standard Says she considers political parties to be public authorities because they get substantive financial funding from the government of India While a parliamentary Standing committee today supported the move to keep political parties outside the ambit of the Right to Information (RTI) Act, committee member Anu Aga, (former chairperson of Thermax Ltd) was the lone voice of dissent on the 29 member panel. Aga who is a nominated member...
More »Cereal offenders -Ila Patnaik
-The Indian Express Food inflation owes largely to agricultural markets being regulated by outdated laws. The RBI governor, Raghuram Rajan, has a difficult task this week. He has to decide whether to keep interest rates constant or raise them - bearing in mind the possible taper of the US Fed's bond buying programme, a decline in industrial production and a rise in inflation. The sharp increase in consumer price-based inflation, to more...
More »Nashik farmers halt biz as onion prices drop to Rs 9.5 -Nanda Kasabe
-The Indian Express Pune: Angry farmers in Pimpalgaon Baswant, the biggest onion trading market in Nashik after Lasalgaon, brought business to a complete halt on Monday after average wholesale prices fell to R950 per quintal. Last week, farmers had threatened to disrupt markets if prices fell below the R1,000-per quintal mark. Farmers blocked the Mumbai-Agra highway in the morning, halting traffic for the entire day. Their demands are removal of the minimum export...
More »WPI inflation surges to 14-month high of 7.52% -Somesh Jha
-The Business Standard Food prices rise 19.93% year-on-year in November The wholesale price inflation continued to show an uptick in November as it casts a shadow over possibility of a rate cut by the Reserve Bank of India in its upcoming monetary policy review. The Wholesale Price Index (WPI), a measure of inflation at wholesaler's level, rose to 7.52% in November from 7% a month ago mainly due to continued rise in vegetable...
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