The Legal Newswire

RNRL on Tuesday told the Supreme Court that the family agreement was a corporate arrangement for division of business and assets and that its binding nature was known not only to the parties � Mukesh, Anil and their mother � but also to the board of directors of RIL. 

 The Delhi High Court Tuesday came down heavily on the government for filing �frivolous� petitions and taking the advantage of sovereign immunity in every case.

Justice J.R.Midha, disposing of the appeal by the Indian Air Force against the Motor Vehicle [^] Tribunal�s order to compensate the family of a man who was hit by an air force truck, handicapped and later died, said: �It is a matter of concern that such frivolous and unjust litigation by the government and statutory bodies is on the increase. They should be a responsible litigant.�

While sharing a dais with Chief Justice of India K G Balakrishnan, senior advocate Fali Nariman recently attacked the Supreme Court collegium for its failure to promote the author of the historic homosexuality verdict, chief justice of the Delhi high court A P Shah.

Reiterating that India will not accept any legally binding emission reduction cuts in the coming climate change summit in Copenhagen, Union Minister of State for Environment and Forests Minister Jairam Ramesh on Tuesday said it was the obligation of developed nations (to cut emissions), including the U.S., and not that of developing nations.

While the CCA is currently envisaged to protect and forbid any blatant abuse of healthy competition in business among competing corporations, with the changing times the law may be amended to incorporate a maximum penal provision like imprisoning the offenders indulging in anti-competition practice like cartel formation...

 The next set of reforms in the mutual funds industry is round the corner with the Securities and Exchange Board of India (Sebi) likely to lower the fund management charges and introduce stricter compliance standards.

The mutual funds advisory committee, which met on Friday, has recommended that asset management companies lower the fund management fee from the present level. Fund houses currently charge 1.25 per cent as asset management charges for the first Rs 100 crore garnered by a scheme, and 1 per cent thereafter. The advisory committee, comprising industry representatives and investor bodies, has suggested that the fee should be lowered as the assets under management increase.

Pratap BHanu Mehta's editorial on the Liberhan Commission report in the Indian Express.

.............Compare this to the situation in India, where online interaction in the administrative sphere is viewed with great suspicion. Ministry websites are archaic relics, often providing outdated information, with little avenue to obtain feedback and viewer response. The functioning of the bureaucracy is veiled from public glare, with direct Government orders in certain cases (for Foreign Service officers) against using social networking tools in office. There�s no wonder then,  why the Right To Information Act has been so successful, as it provided a much-needed gateway to information that had been hitherto been unavailable.........