India Inc. was aghast at the recent report of a parliamentary committee that recommended that a new draft land acquisition law limit occasions when the government may intervene to acquire land for use by private firms. But in a paper published in the Economic and Political Weekly last month, Delhi University economics professor Ram Singh laid out data that supports the committee’s recommendations. Mr. Singh argues that government-driven land acquisition is generally...
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CSR may become mandatory if Companies Bill is passed with house panel suggestions
-The Economic Times Decks have been cleared for reintroduction of the Companies Bill, 2011, in the monsoon session. If the bill is passed after endorsing all the suggestions made by the Parliamentary Standing Committee on Finance, corporate social responsibility (CSR) would, for the first time in the world, become mandatory. The report recommends that companies with net worth above Rs 500 crore, or an annual turnover of over Rs 1,000 crore, earmark...
More »India’s proposal in the UN for government control of internet endangers free speech and privacy-Rajeev Chandrasekhar
If you were a tad worried about the government`s intentions to censor free speech by controlling the internet and monitoring your access to the Web through a vague and draconian legal framework - `IT Rules, 2011`, followed by an attempt to pre-screen content on Google and Facebook - you haven`t seen anything yet. In mid-2011, the success of the internet and social media in bringing down dictatorships in Egypt and Libya...
More »As Grain Piles Up, India’s Poor Still Go Hungry-Vikas Bajaj
RANWAN, India — In this north Indian village, workers recently dismantled stacks of burned and mildewed rice while flies swarmed nearby over spoiled wheat. Local residents said the rice crop had been sitting along the side of a highway for several years and was now being sent to a distillery to be turned into liquor. Just 180 miles to the south, in a slum on the outskirts of New Delhi, Leela...
More »Hit by red tape, clinical trial companies eye South-East Asia for expansion-Divya Rajagopal
-The Economic Times Pushed to the wall by an overly cautious drug regulator and an alarmist Indian government, clinical trial companies are looking at South East Asian countries to expand their business and escape the red tape of Indian authorities. Clinical research companies (CROs), that were aspiring to become billion- dollar companies by 2010, had to rework their plans after a Parliamentary Standing Committee report questioned the allegedly unfair and unethical trials...
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