Kamal Nath says SEZ Act not to be sabotaged
New Delhi: In the backdrop of a raging controversy over issues of land acquisition and rehabilitation policies involved in the establishment of SEZs, the Commerce and Industry Minister Kamal Nath, said the Government would not allow the Special Economic Zones Act 2005 to be sabotaged, and admitted that there were interests working against creation of such zones.

Addressing a meeting organised by the Export Promotion Council for EOUs and SEZs (EPCES), Nath said that he was willing to have an "open debate" on the real concerns and issues relating to the legislation and rules governing such zones. He said that RBI would have to make up its mind on the role it would like to play on the infrastructural development in the country. He also said that the Prime Minister was looking into this issue.
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PSUs to stay out of of RTI reach
New Delhi: Public sector units do not have to disclose vital information, including trade secrets and intellectual property rights (IPRs), under the Right to Information (RTI) Act since they need to safeguard their business interests, information commissioner MM Ansari has said.

Ansari said: "The Act has adequate provisions for protecting the legitimate trade secrets and IPRs that relate to the functioning of PSEs, and so far no public authority has complained that the Right to Information Act has adversely affected their performance."
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Crude price above $63bl
New York: Crude price has moved up above $63 per barrel in New York due to tensions over Iran and a possible supply cut by OPEC.

The Nymex main contract, light sweet crude for delivery in November, rose 35 cents to $63.31 per barrel in electronic deals before the official opening of the US market.

In London, Brent North Sea crude for November delivery gained 45 cents to 62.66 dollars per barrel in electronic trading.
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