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If in doubt, rub it out
Chinese banks: Economic crisis or not, China’s lenders are in good shape. The country’s big listed banks – Industrial Commercial Bank of China (ICBC), Bank of China and China Construction Bank (CCB), all unveiled mid-year balance sheets enviously light on bad debts. Thank China’s rapid growth – and an astonishing $300 billion vanishing act.

Sibal, central advisory body chalk out education agenda
The Ministry of Human Resource Development (MHRD), at the 56th meeting of the Central Advisory Board of Education (CABE), chalked out an extensive agenda for education in the country, based on the principles of expansion, inclusion and excellence.

News of the day

Jai Ho to be screened in LS
After the Budget, it’ll be time for some Bollywood entertainment in Parliament. The Lok Sabha secretariat has arranged for a special screening of Danny Boyle’s highly-acclaimed film, Slumdog Millionaire, on August 3 for the MPs.
Public Relations

Land for gas pipeline: SC notice to Reliance

The Supreme Court today issued notices to Reliance Gas Transportation and Infrastructure Ltd, and the Ministry of Petroleum and Natural Gas on the appeals moved by more than 50 land owners of Surat, alleging that the Mukesh Ambani-led company had not paid them adequate compensation for acquisition. Their land will be used for laying pipelines to transport gas from the Krishna-Godavari basin to Gujarat. - SC notice to CBI on PW auditor"s bail plea - SC notice to GSK Consumer on Heinz India"s plea - GSPL to bid for mega gas pipeline projects - Latha Jishnu: Hole in the gas pipeline">Latha Jishnu: Hole in the gas pipeline - Latha Jishnu: Blockages in the gas pipeline">Latha Jishnu: Blockages in the gas pipeline - GEECL completes laying gas pipeline from Asansole to Durgapur The farmers have also asked the government to rehabilitate them adequately by allotting alternative plots. The order was passed by a bench headed by Justice B Sudershan Reddy. A few days ago, another bench headed by Justice P Sathasivam issued notice to the company on appeals challenging the constitutional validity of the Petroleum and Minerals Pipelines (Acquisition of Right of User in Land) Act, 1962. The appeals allege that the compensation provisions in the Act are arbitrary. They allege that under Section 9 of the Act, no construction or agricultural activity is allowed on the land under which pipelines are laid as they may cause damage to the pipeline. Their appeals contend that “the difference between acquisition of the land and acquisition of the right to use the land is a statutory fiction created only with a view to intentionally reduce the compensation, which should be paid to the land owner”.


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