US-based multinational Dow Chemicals has declined to share its wholly owned subsidiary Union Carbide Corporation's alleged past residuary liability towards compensating 1984 Bhopal tragedy victims and refused to submit to the jurisdiction of the Supreme Court of India, which is dealing with the Union government's plea for an additional Rs 7,844 crore to the gas victims. The UCC also took a stand similar to Dow Chemicals in not submitting to the...
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FDI row: India Inc's overseas retail biz on high FDI by Pradeep Thakur
While the government may be finding it difficult to get its FDI in multi-brand retail pass the test of Parliament, India Inc has been pledging huge investments in wholesale and retail trade abroad, including in countries like the US and the UK. In the 2010-11 fiscal, investments of Indian companies in wholesale and retail trade overseas went up 78% as compared to the previous year - up from $1,052 million in...
More »Bihar nod for draft Lokayukta Bill by Shoumojit Banerjee
The Bihar Government on Thursday approved the draft of the State Lokayukta Bill, 2011 after a Cabinet meeting took the decision to this effect. The Bill is expected to be passed during the State Legislature's Winter session, which commences on Friday. However, the Bill's provisions and amendments would be clear only after it had met with approval from the Governor's office and discussed threadbare by all parties in the Legislature, said Cabinet...
More »Food security caps stay by Basant Kumar Mohanty
Up to three-fourths of villagers and half of city dwellers will be entitled to subsidised food grains under a new bill, with the Centre refusing to budge on the volume of grain entitlement and continuing with upper limits for beneficiaries. The National Food Security Bill, redrafted on the basis of feedback from states and civil society groups, will soon be sent to the cabinet so that it can be introduced in...
More »Congress goes back on inclusion of Group C employees in Lokpal Bill by Smita Gupta
It also goes back on new method of appointment of CBI Director A day after the Parliamentary Standing Committee attached to the Union Ministry of Personnel finalised its report on the Lokpal Bill, Congress MPs forced the holding of an emergency meeting on Thursday to go back on two key decisions taken on Wednesday: the ruling party MPs on the Standing Committee have now withdrawn the assent they had given to...
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