-The Times of India In a country already frequently accused of centralising decision-making in its capital city, new data on the Supreme Court now shows a disturbing Delhi bias in litigation too. Litigants who live closer to Delhi are significantly more likely to appeal in the Supreme Court, according to the first detailed analysis of recent apex court data by a legal researcher. Nick Robinson, a visiting fellow at the Centre for...
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How Wal-Mart got a foot in the door of India's retail market
-Reuters MUMBAI: Wal-Mart Stores Inc prepared its entry into India's supermarket sector in 2010 with a $100 million investment into a consultancy with no employees, no profits and a scant $14,000 in revenue. The company, called Cedar Support Services, might have been a more obvious selection four months earlier: it began its corporate life as Bharti Retail Holdings Ltd, according to documents filed with India's Registrar of Companies. The Cedar investment is now...
More »Why not levy 25% green tax on diesel cars, Supreme Court asks -Dhananjay Mahapatra
-The Times of India The Supreme Court on Monday sought the Centre's response to a radical plea for collection of 25% of the cost of a diesel car or SUV sold in the National Capital Region as green tax at the time of its purchase to deter people from buying more polluting personal vehicles and help fight the growing levels of pollution in Delhi. The court also sought the Union government's response...
More »Joshi formula among 3 CAG used to estimate 2G loss -Appu Esthose Suresh
-The Indian Express One of the three formulae used by the Comptroller and Auditor General to calculate the loss to the government for selling 2G spectrum on a first-come-first-served basis was suggested by BJP leader and Parliament’s Public Accounts Committee (PAC) chairman Murli Manohar Joshi. When the team conducting the audit said they “are not on strong ground” in basing the loss on the formula suggested, they were told by CAG headquarters...
More »Stop fresh investments in KG-D6: CAG -Sanjay Dutta
-The Times of India The Comptroller and Auditor General (CAG) has asked the oil ministry not to approve any more investments in Reliance Industries's KG-D6 oil and gas block till the company submits all records of its spending in the Andhra offshore field till 2011-12 for scrutiny. In a November 9 letter to the ministry, a top CAG functionary also suggested a similar action for the Panna-Mukta and Tapti (PMT) group...
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