Finance Ministry Interference in SEBI – Is SEBI Money Making tool for Finance Ministry ?

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In a series of Articles we would like to expose the working of Securities and Exchange Board of India – SEBI which is supposed to be the toughest regulator for Hundreds of Billions of Dollars of Investments in India. We will grant you Full Access to RTI Files obtained in this issue, you can decide yourself.

K M Abraham an IAS officer was one of the board members of SEBI[He was not given extension, probably because he was Honest] has

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Industrialization, Innovation by Inclusion – State Government of Gujarat

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Gujarat doesn’t need endorsement from Ratan Tata or Mukesh Ambani for Business. The most dynamic ruler in India, Narendra Modi has set an example of Industrialization & Innovation by Inclusion. We present to you some of the facts of the state of Gujarat.

Growing at 2-2.5% higher than all-India average with 20% higher per capita income, Gujarat has chalked out a two pronged strategy for the next phase of its growth boom – Capitalize on its existing strength of industry and entrepreneurship; and Achieve new breakthroughs in agriculture and services sectors.

Industrial Growth
It was possible because of facilitating role played by

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India Land Acquisition and Rehabilitation – Resettlement Bill, 2011 – Analysis

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The National Land Acquisition and Rehabilitation & Resettlement Bill, 2011, has been approved by the union cabinet on 5th Sep’11. The bill once passed will replace the 117-year old Land Acquisition Act of 1894 and will supersede all specialized legislations on land acquisition, including those for SEZ and Railways.

Scope of the Bill The draft Bill permits land acquisition under three broad categories viz. 1) When the

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US Fed Admits to Weakness – Too late ?

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The Fed admitted to its incorrect assessment of the US economy yesterday by highlighting that – the recent weakness in economic activity was reflective of structural weaknesses rather than temporary dynamics (i.e. impact of high commodity prices and events in Japan) and labour market conditions as well as housing markets conditions remain depressed.

In line with its assessment of structural weakness in the US economy, the Fed declared a policy stance

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Manmohan Singh Media Address – An Analysis

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Our PM Dr. Singh addressed select few editors and here is our analysis from the text that was made available to us after discussing with our Political and Editorial Analysts.

Inflation: Effect of liquidity injection by the US was unexpected, Middle East situation could worsen; no control over international commodity prices, but support the hike in procurement prices to farmers. The problem is global, cf. China. Rangarajan [PMEAC Chairman] says inflation should be under 6.5% by March. UIDAI: Promises to eliminate the scope of corruption and leakages in subsidy management, but it would take time.

Economic Growth: Committed to growth

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CAG office disputes KG Basin Oil Contract to Mukesh Ambani

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The Office of the Comptroller and Auditor General has pointed out irregularities by Shri Murli Deora and others then in the Oil Ministry for favoring Mukesh Ambani in escalating the cost of Development of KG Basin field by 4 times without relevant support documents. The CAG report said,

The undue benefit granted to the contractor (RIL) is huge, but cannot be quantified, the newspaper quotes the CAG’s

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