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,...

The Union government's desire to give the Lokpal constitutional status will not in any way delay the proposed legislation on the subject, Law Minister Salman Khursheed said on Tuesday. Expressing surprise at the response of the Opposition and Team Anna — that it was a delaying tactic — he said that while the government was totally committed to getting the Bill passed, eventually it was the responsibility of Parliament to...

With the focus now on the Uttar Pradesh Assembly elections, scheduled for early next year, the Congress led-UPA government has once again displayed its keenness to position itself with the agitating farmers by trying to ensure the passage of the Land Acquisition and Rehabilitation and Resettlement Bill during the winter session of Parliament. Assuming that the Parliamentary Standing Committee attached to his department is likely to give all stakeholders a fair...

-The United Nations   The United Nations and international figures marked World Food Day today with calls for immediate aid and longer-term solutions, and warnings of factors that keep hundreds of millions mired in hunger, such as price swings and gender discrimination. In a message delivered to a ceremony at the UN Food and Agriculture Organization (FAO) headquarters in Rome, Secretary-General Ban Ki-moon stressed that there is more than enough food on the...

IT IS one of the inspirational legends of Indian journalism that James Hickey, founder and editor of the Bengal Gazette — this country’s first newspaper, with its first edition going back to January 1780 — was a fearless seeker of the truth, taken to court and imprisoned by Warren Hastings, then governor-general. Reality is a little different. Hickey’s paper was often a gossipy, yellow rag. It thought nothing of publishing scurrilous...