Sachin Pilot

In a scathing attack, Congress leader Sachin Pilot accused the government of indulging in an orchestrated campaign against Congress President Sonia Gandhi. He also accused the government of resorting to levelling baseless allegations in order to cover up for the NDA government's failures.

Since the villager in Uttar Pradesh was beaten to death two weeks ago over claims he butchered a cow, politicians of Modi's ruling Bharatiya Janata Party (BJP), including some ministers, have made statements seemingly in defence of the Hindu mob that killed him.

Pilot also said that the action against Snapdeal and its top management was "akin to holding highway builders responsible for lane violations", while the real perpetrators are freely peddling drugs of dubious nature.

Even though AAP volunteers tried to stop the farmer from committing the act and brought him down from the tree and rushed him to a hospital, he could not be saved.

In Gujarat, ruling BJP could retain only six of the nine seats while Congress bagged two and was ahead in one. All the nine seats were earlier held by BJP and were vacated after their sitting MLAs were elected as MPs.

The Competition Commission of India (CCI) has so far slapped fines of over Rs 6,704 crore on cement companies besides penalties worth more than Rs 55 lakh on various chemists and druggists associations, for unfair business practices.

In its FIR filed with police last year, Reebok had alleged financial fraud to the tune of Rs 870 crore at the company by certain persons including senior executives of its India arm.

The rule-making process for Companies Act, 2013, saw extensive public consultations and the exercise is now nearing completion, while CSR regulations would be among the first to get a detailed set of rules.

The new Companies Act, 2013, requires certain class of profitable entities to shell out at least three percent of their three-year annual average net profit towards Corporate Social Responsibility (CSR) activities.

The crisis at the bourse, which suspended operations on July 31 following government direction, is being investigated by multiple agencies, including the Economic Offences Wing of the Mumbai police.

In an interview with Karan Thapar on Devils Advocate, Pilot said that the Congress party stood firmly behind Rahul's decision. He also denied the allegations of his outburst being an embarrassment for the Cabinet and the party.

Corporate Affairs Minister Sachin Pilot said the Cabinet could not deliberate in detail the panel findings and the ATR yesterday.

The Ministry of Corporate Affairs (MCA) had previously asked RoC Mumbai to collect details of NSEL and other group entities.

The Ministry of Corporate Affairs has sought more details such as financial reports from the National Spot Exchange's (NSEL) parent firm Financian Technologies Group and other related entities.

The Finance Ministry will decide on action to be taken on alleged irregularities at crisis-hit National Spot Exchange Ltd (NSEL) as per the report of a high-level panel headed by Economic Affairs Secretary Arvind Mayaram.

The new Companies Bill has received President's assent, which will make it into a law replacing the nearly six-decade old regulations that govern corporates in the country.

The one-man probe committee headed by former Justice Mukul Mudgal was set up to look into lobbying activities in contravention of any Indian law and any other matter relevant to this issue by Walmart.

The best thing about the new Companies Act is that it is simple, with greater clarity of intent and purpose. It replaces the old law with over 700 conflicting clauses with something shorter and sweeter: 470 clauses and all of it in 309 pages. Not bad for something that will govern all listed and unlisted companies in the country.

Advocating a transparent system for stakeholders to put across their viewpoint on policy matters, Corporate Affairs Minister Sachin Pilot says lobbying needs to be defined to differentiate it from influencing the policymakers through illegal means.

Continuing its efforts to curb fraudulent investment schemes, government will soon start a process to sensitise police, judiciary and other agencies across states on ways to contain this menace.