Recommendation 1 from ‘The Indian Express’

Article Name:Not another law

By: Editorial

New legislative for dispute resolution may not be the best way to move infrastructure projects stuck in courts.

Summary:

The article states that the Prime Minister has directed the Planning Commission to draft a new resolution for setting up an institutional mechanism to resolve disputes in public contracts. The proposal for the same stems back from the large number of infrastructure projects stuck in the courts which have been responsible for the decline in investment and growth in the country.

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Litigation: a lawsuit
Provoke: to anger, exasperate
Arbitration: settling of a dispute

Recommendation 2 from ‘The Guardian’

Article Name:Multinationals and tax: a bad smell

By: Editorial

Whether it’s Jimmy Carr or Starbucks, public anger over tax avoidance must be most evident in the UK

Summary:

The author talks about three different incidents of the bilking of the public purse from just a couple of days back and how in each case the full gory details came into light because of dedicated individuals and organizations.

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Bilking: to fraud or cheat
Obscured: vague or uncertain

Recommendation 3 from ‘The Economic Times’

Article Name:New drugs price control regime has gaping holes

By: ET Bureau

The administrative resources of the govt. are expended on keeping tabs on the prices of as many as 652 drugs, each with multiple producers.

Summary:

The article talks about the new price control mechanism that has been imposed upon a number of drugs. This is being done to give little attention to fake drugs. But more has to be done to hold the drug prices down.

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Herald: an official messenger.

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