The Supreme Court has ruled that the Companies Act shall prevail over the Kerala Revenue Recovery Act though the latter is a special legislation. 


Companies Act shall prevail

Business Standard

Govt needs to address the widening gap between investment and consumption.

Consumption drives GDP in Q1

Prakash Bakshi, the newly-appointed chairman of the National Bank for Agriculture &amp; Rural Development (Nabard) is the only executive director to make it to the top job at the bank. However, his appointment comes at a time when Nabard is at the crossroads, with the ongoing repositioning and restructuring exercise crucial not only to the organisation but also to the entire rural development banking in the country.

BS People: Prakash Bakshi

Union Minister for Textiles Dayanidhi Maran, 44, a Harvard Business School alumnus, was appointed Union Minister for Communications and IT in May 2004. It has been alleged that he favoured the Malaysian company Maxis while granting telecom licences. Maxis later invested Rs 600 crore for a 20 per cent stake in Sun Direct, owned by Maran&rsquo;s elder brother Kalanithi Maran.

BS People: Dayanidhi Maran

RBI&rsquo;s rate rises drag GDP down, but robust demand keeps core inflation high.

Core inflation remains sticky

Soon after Sumit Bose took charge as disinvestment secretary in February 2010, he was given the ambitious task of raising Rs 40,000 crore from public sector disinvestment in 2010-11. At the end of the year, Bose could manage to add only about Rs 23,000 crore to the government&rsquo;s kitty, but the finance ministry clarified that it was a deliberate decision to defer a few sell-offs, since its finances were in good shape.

BS People: Sumit Bose

The news that the Duty Entitlement Passbook (DEPB) Scheme will continue for three more months has brought considerable relief to anxious exporters. All credit goes to commerce minister Anand Sharma for persuading the finance minister that a suitable alternative has to be put in place before discontinuing the scheme.

Commerce minister deserves all credit for DEPB extension

The Budget speech of Finance Minister Pranab Mukherjee left many surprised in the Unique Identity and Development Authority of India (UIDAI) &mdash; the agency tasked with providing unique IDs or Aadhaars to 1.2 billion Indians.

UIDAI: Miles to go for Nilekani

West Bengal Chief Minister Mamata Banerjee has lived up to her electoral pledge to return 400 acres to the &ldquo;unwilling&rdquo; farmers at Singur. However, many of her promises as the railway minister remain unfulfilled.

Many big projects never got on track

The optimism which prevailed nearly a year back about the growth trajectory of the Indian economy is now mired with concerns of a slowdown with several risks posing impediments to growth.

Rising risks pose uncertainty on growth scenario

One of the most prickly nettles for governments in India today is land acqusition for industry. The Centre is drafting a new Bill on the issue, but land is a state subject, and different states have different land acquisition policies. The Bill can at best provide an enabling framework.

Who tilled my land and ate my pie?

A senior retired bureaucrat met Ranjan Mathai, then Deputy High Commissioner in London, and asked him casually where he was going to settle down after retirement. Mathai was frank. He didn&rsquo;t have a house.

BS People: Ranjan Mathai

Don't cut me off with a shilling

Appointment of Raminder Singh Gujral as the revenue secretary has come at a time when the government is experiencing a phase of cash crunch.

BS People: Raminder Singh Gujral

Until the price of diesel is freed and state-owned retailers are compensated for subsidies, India remains an imperfect market.

Breaking the myths of fuel decontrol

Rebellion is not unknown to the family of former MP Yaduguri Sandinti Jagan Mohan Reddy, or simply Jagan as he is popularly known.

Newsmaker: Jagan Mohan Reddy

Having taken charge last week as director of the Central Bureau of Investigation (CBI), Amar Pratap Singh&rsquo;s plate is already full, with the agency engaged in several high-profile probes. But the 1974-batch Indian Police Service officer from the Jharkhand cadre is quite at home within the portals of the investigative agency, as he was its seniormost special director.

BS People: A P Singh

The magic of Andhra Pradesh Chief Minister Y S Rajasekhar Reddy (YSR) worked wonders for the Congress party in the past two Lok Sabha elections. What will his death bring for the party? This is the question party managers are struggling to answer after YSR&rsquo;s son, Jaganmohan Reddy, announced the formation of a new party in the next 45 days. It is likely to be announced on Makar Sankranti (January 14).

Jagan's exit changes election math for Congress in Andhra

The inflows from foreign institutional investors (FIIs) in the second quarter (Q2) of 2010-11 were barely able to cover the trade deficit in the quarter, of $28.63 billion, revealed a back-of-the envelope calculation based on the government&rsquo;s mid-year review.

FDI, ECBs finance trade deficit

At a time when greed and dishonesty make headlines every day, integrity and propriety received its 15 minutes of fame earlier this week. Bombay High Court Chief Justice Mohit Shah on Monday recused himself from hearing a petition filed by Hindustan Construction Company (HCC) arm Lavasa Corporation, which is engaged in the development of a hill town in Maharashtra, against the ministry of environment and forests.

BS People: Mohit Shah

Rahul Gandhi, the All-India Congress Committee general-secretary and the man leading the revival of the party&rsquo;s youth wing, may have suffered a setback in the Bihar Assembly elections. But his supporters are putting a distance between the Congress defeat and the &lsquo;Rahul effect&rsquo;.

Rahul effect to be tested in upcoming Assembly polls

- Find Economy & Policy News, Features, Analysis and more at Business Standard. Latest news and analysis on economy and policy developments at the national and state levels

Page 386 - Economy & Policy Analysis