Special wing of the punjab police to handle complaints from NRI’s

In the past one year complaints from Punjabi NRIs have increased twofold. On the initiative of Deputy Chief Minister Sukhbir Singh Badal, the Punjab Police introduced a NRI wing aimed at achieving fast track results, which received about 8000 complaints this year as opposed to 3,852 complaints the previous year and the establishment of NRI Courts. Continue reading

Reliance in arbitration with the government

Former UK judge Sir Bernard Rix, who recently retired as Lord Justice of Appeal with 20 years experience in the Commercial Court and the Court of Appeal in London replaces former Chief Justice of India S P Bharucha as the arbitrator in the KG-D6 cost recovery dispute by Reliance Industries. Bharucha quit after the government challenged his nomination on the grounds that he did not disclose his previous associations with Reliance Industries. Continue reading

Bribery and corruption in India: Ernst and Young survey

Trak.in reports that Ernst and Young through its Fraud Investigation & Dispute Services section conducted a survey on bribery and corruption in India. About 95 percent of those who the survey felt that they had to pay bribes for getting even legitimate work done or to speed up the process. Continue reading

Startups in Indian space sector need a legal and regulatory framework

BENGALURU: Several startups coming up in the Indian space sector are feeling hampered by the lack of a legal and regulatory framework that can help support and encourage new ventures. These companies, both early stage ventures and some established private companies that de -velop a range of solutions from frugally built spacecraft to custom-made solutions are looking for support that can help spur innovation and publicprivate partnerships, which can help reduce imports and support growing star rtup activity in the sector. Continue reading

More power to Indian diaspora in US (IANS Special: 2014 in Retrospect)

Notching successes in fields as diverse as poetry and politics, some three million- strong Indian American community packed more power and influence far beyond their numbers in the year gone by.

A record 30 Indian Americans jumped into November’s electoral battle with Republican Nikki Haley and Democrat Kamala Harris handily winning back their jobs as South Carolina governor and California’s attorney general respectively. Continue reading

Indian companies ill-equipped to tackle fraud in virtual world: report

Mumbai: Companies in India are ill-equipped to tackle crimes committed in the virtual world such as e-commerce, social media, cloud computing, virtual and cryptocurrency frauds, the Deloitte India Fraud Survey Report said on Tuesday.

A rise in corporate fraud over the next two years could outpace corporate India’s efforts to mitigate it, the report said. Continue reading

Reliance paid 2 lawyer-MPs crores in undisclosed retainer fees in perfectly legal but troubling arrangement

Two senior MPs were paid several crore Rupees in undisclosed legal retainer contracts over several years by Reliance Industries, raising questions of transparency and potential for conflict despite being completely legal, reported the UK’s Financial Times on its frontpage this morning. Continue reading