UK firms’ foreign takeovers hit record low in Q1

June 2 (Reuters) – The number of foreign firms bought by British companies fell to its lowest in more than 20 years in the first three months of 2010, official data showed on Wednesday.

Non-Cyclical Consumer Goods

The Office for National Statistics said spending by UK firms on foreign acquisitions fell to 192 million pounds in the three months to March, the lowest since records began in 1987.

There were only 10 acquisitions abroad by UK companies with values of 1 million pounds or more, also the lowest since records began.

Foreign takeovers of British companies also fell, to 14.3 billion pounds from 15.1 billion in the previous quarter, but came in higher than in preceding quarters.

The largest transaction was the acquisition of Cadbury Plc by Kraft Foods Inc (KFT.N), which sparked a wave of negative publicity in the British press.

A fall in the value of the pound over the past two years has made British companies a more attractive proposition for overseas firms.

Britain’s new coalition government is looking to see whether rules governing takeovers of UK companies need tightening and has launched a wide-ranging review of the independent Takeover Panel.

The Liberal Democrats, the smaller party in the coalition, have argued that there is a case for reinstating a public interest veto to prevent short-term speculators damaging domestic interests.

(Reporting by Christina Fincher; editing by John Stonestreet)

Climate Change: 255 scientists urge people to take constructive action

Washington, May 7 (ANI): Following the recent spate of attacks on the authenticity of the dangers of climate-change, a collective of 255 scientists, members of the U.S. National Academy of Sciences, including 11 Nobel Prize laureates, have defended the objectivity behind the issue.

The statement signed by the 255 distinguished scientists says that the scientific research process confirms the conclusions about climate change.

It specifically reaffirms the “compelling, comprehensive, and consistent objective evidence that humans are changing the climate in ways that threaten our societies and the ecosystems on which we depend,” and highlights that there is nothing identified in recent events that has changed the fundamental conclusions about climate change.

It also condemns the recent politically motivated attacks on climate scientists several of which are spurred by commercial interests and dogma rather than an earnest effort to provide an alternative theory.

According to the scientists, evidence shows that the planet is warming due to increased concentrations of heat-trapping gases in the atmosphere, most of the increase in the concentration of these gases over the last century is due to human activities, and that warming the planet causes complex climate changes that affect people and the environment.

They have also issued a warning for the populace to wake up to this inexorable reality, “Society has two choices: we can ignore the science and hide our heads in the sand and hope we are lucky, or we can act in the public interest to reduce the threat of global climate change quickly and substantively.”

Over 300 sex monsters on the loose in the UK

London, Apr.26 (ANI): Over 300 convicted sex beasts are on the run across Britain, a Sun investigation has revealed.

ey include paedophiles and rapists considered so dangerous that police are supposed to check them every month.

Cops have no idea where they are, and some have been missing for years.

The Sun launched its probe after Facebook killer Peter Chapman was jailed for life for the kidnap, rape and murder of Ashleigh Hall.

Former “Robocop” detective Ray Mallon, now mayor of Middlesbrough, said: “The number one role of the police is to protect the public. It is clearly in the public interest that people are made aware of the identity of missing sex offenders. Not only does this protect the public, it can also assist in catching the offenders.”

The Sun got the details after lodging a Freedom of Information request with every police force, asking how many registered sex offenders had gone missing. (ANI)

Geithner says reforms will benefit Wall Street

WASHINGTON, April 25 (Reuters) – U.S. Treasury Secretary Timothy Geithner said on Sunday that proposals to more tightly regulate the financial sector are not a threat and will ultimately be a benefit to banks by making them more credible.

Regulatory News | Funds News | ETFs News

Interviewed on CNN’s “GPS” program, Geithner said the financial crisis had exposed the degree to which banks had strayed from their traditional mission of channeling Americans’ savings into growing businesses.

When trouble developed because of excessive risk-taking, customers suddenly went from “banks falling all over themselves to lend them money at unrealistic rates, to credit drying up in a heartbeat,” he noted.

“That system didn’t work so good for our country,” Geithner said. “That’s why I think these reforms are not just so important for future growth, but they’ll be better for the overall public interest and (for) having a strong, stable institution.”

He acknowledged there was staunch opposition from some firms on Wall Street that fear some of their trading and other activities might be curbed, but said it will not stop the reform drive.

The U.S. House of Representatives passed a package of financial reform proposals late last year and the Senate is due to vote on Monday whether to start working on its own sweeping set of proposals this week.

Geithner said the fact that so many firms had to be bailed out at taxpayers’ expense demonstrates the flaws of the current regulatory system and underlined why it had to be changed.

“We’re not going to support a bill that is weakened by big exemptions that leave this system in place, because that would be irresponsible for the country,” Geithner said. (Reporting by Glenn Somerville; Editing by Maureen Bavdek)

Over 300 sex monsters on the loose in the UK

London, Apr.26 (ANI): Over 300 convicted sex beasts are on the run across Britain, a Sun investigation has revealed.

They include paedophiles and rapists considered so dangerous that police are supposed to check them every month.

Cops have no idea where they are, and some have been missing for years.

The Sun launched its probe after Facebook killer Peter Chapman was jailed for life for the kidnap, rape and murder of Ashleigh Hall.

Former “Robocop” detective Ray Mallon, now mayor of Middlesbrough, said: “The number one role of the police is to protect the public. It is clearly in the public interest that people are made aware of the identity of missing sex offenders. Not only does this protect the public, it can also assist in catching the offenders.”

The Sun got the details after lodging a Freedom of Information request with every police force, asking how many registered sex offenders had gone missing. (ANI)

Fiji media decree ‘extremely worrying’

There has been widespread criticism of the Fiji interim government’s draft media decree which appears to enshrine censorship in law, put journalists at risk of jail terms and fines and could force the Fiji Times newspaper out of Australian hands.

The decree is due to replace emergency regulations placed on the media organisations last year when the president scrapped the constitution and placed Frank Bainimarama in charge of the country.

Public consultations are being held this week on the new decree, but those taking part are being given just two-and-a-half hours to read the documents before discussions with the draft are to be returned at the finish and no copying allowed.

Sources in Fiji have provided a copy of the draft to the ABC.

The documents’ preamble says the decree will ensure: “The content of any media service must not include material which is against public interest or order, against national interest, offends good taste or decency, or creates communal discord.”

The decree goes on to say that the content of any print media must include a byline and, wherever practical, the content of any other media service must include a byline.

Those rules will be enforced by a media development authority and a media tribunal with the power to address complaints, demand documents, search news organisations and also the homes and property of their staff.

Those the authority finds guilty of a breach “shall be liable on summary conviction to a fine not exceeding $500,000 [Fiji] or in the case of a publisher or editor or journalist, a fine not exceeding $100,000 or to imprisonment for a term not exceeding five years, or to both.”

Journalists not happy

The International Federation of Journalists’ (IFJ) Deb Muir says she is unimpressed.

“The IFJ is extremely worried that the decree allows the authority and tribunal that it would set up to have the power to call for any documentation, to enter media offices, to seize materials and equipment,” she said.

“But even in doing this, the decree itself would directly contravene the regime’s own code of media conduct which said that confidential sources should be protected.

“It’s extremely worrying that the decree allows for fines of up to about $A300,000 and or prison of up to five years for a range of offences.”

Former Fiji Sun newspaper executive editor Russell Hunter, who was expelled from Fiji, is now working in Samoa for its national newspaper, the Samoa Observer.

Mr Hunter says the draft decree is disappointing.

“It delivers control of the media into the hands of the junta,” Mr Hunter said.

“This media authority does not have to wait for an individual to file a complaint. It can act on its own.

“And this is one of the many worrying aspects in this piece of so-called legislation. It becomes a dictatorship, if you like, of the media by the state.”

The censorship in Fiji not only regulates local media but also those organisations based there, including the Pacific Island News Association and its wire service, Pacnews.

Stafford has ‘not discussed compensation’

The man at the centre of a long-running Queensland murder case says he has not discussed compensation after the Director of Public Prosecutions (DPP) ruled out a retrial.

Graham Stafford spent 15 years in jail for the 1991 murder of his then girlfriend’s 12-year-old sister Leanne Holland.

He always maintained his innocence and last year the Court of Appeal quashed his conviction.

The court ordered a re-trial but the DPP has announced it would not be in the public interest.

Civil liberties lawyer Terry O’Gorman says Mr Stafford should receive compensation.

“He could be talking about anywhere from $5 million onwards,” he said.

“The fact is, if the system has got it wrong then the system has to pay.”

Mr Stafford says his name has been cleared but the killer is still free.

“I feel angry that its taken this long,” he said.

Jean Stafford says her son has paid a heavy price.

“He should has been married with a family, we should have had more grandchildren by now,” she said.

Mr Stafford wants police to reopen the murder investigation.

Call for inquiry

A supporter of Mr Stafford has called for an inquiry into his prosecution.

Graeme Crowley who is a former police officer says the evidence did not stack up and the case should be reopened.

“I’ve got three people who could, who could be, implicated in the matter,” he said.

“I don’t have the resources to follow that up, I’m not a police officer.

“I think if they re-opened it they would resolve this case, they would make an arrest very quickly.”

Police say they will not reopen the investigation without new credible evidence.

Court to rule on Carly Ryan killer’s identity

A Victorian man who murdered teenager Carly Ryan in South Australia will find out next week whether his identity will be made public.

The man, 51, cannot be named because his son was jointly accused and was 17 at the time of the murder.

The son was acquitted of all charges in the SA Supreme Court.

A lawyer argued if the father’s name were published it could be of considerable hardship to the son, who is trying to get a job and rent property.

But a journalist told the court that legislation protecting juvenile defendants was never intended to be a shield for adult offenders and it was in the public interest that the man be identified.

Justice Trish Kelly said she would rule next Wednesday when the father will be sentenced.

Ms Ryan drowned at a beach south of Adelaide after she was lured there and bashed.

Major parties slammed in Fitzgerald’s last speech

The former anti-corruption Royal Commissioner and judge, Tony Fitzgerald, has slammed Australia’s two major political parties for creating what he says to be an amoral, anarchic political culture, controlled by money and lacking in ethics, oversight and accountability.

He says too many politicians are motivated by power rather than public interest and there is too much government by executive.

Mr Fitzgerald says our democracy is not broken but bent, and laments the dominance of Australian politics by career politicians and self-interested groups with a disregard for the public interest in favour of political advantage.

He says voters are little more than observers to a substantially rule-free political contest.

“The community is ill-served by this escalating transfer of power from the public to the dominant political parties and the party’s disinterest in ethical constraints and resistance to oversight and accountability even by independent anti-corruption bodies,” he said.

“Without satisfactory legal and ethical fetters, then political process like all human constructs can be and is manipulated and exploited to advance personal and group interests.

“A political class has evolved which is interested in little but the acquisition and exercise of power.”

Major parties abusing power

He delivered his assessment while launching an initiative of the Accountability Round Table, designed to reward politicians for honour and integrity.

Mr Fitzgerald says it will be his last commentary on the state of government in Australia.

After blowing the lid off Queensland’s corruption in the late 80s, Tony Fitzgerald went to ground.

He broke his silence last year, to accuse the Queensland Government of slipping back into the bad old days.

Today he opened fire on Australian politics more generally. He says the major parties are abusing a position which is entrenched partly by wealth.

“It is now extremely difficult, if not impossible, for another competitive political force to emerge because of the financial advantages held by the two major parties and the critical role that money plays in political activity,” he said.

“My comments are not directed to individual politicians, a specific political party or a particular state and my opinions are simply those of an extremely fallible, aging private citizen, with children and grandchildren who’s interested in Australia’s future.”

Democracy undermined

Mr Fitzgerald says democracy is being undermined because of a disregard for Westminster conventions, an obsession with media management and the ability of well-connected individuals and groups to wield influence.

“Decisions favouring special interests are common. Secrecy and misinformation, euphemistically called ‘spin’ are routinely employed,” he said.

“Media management as it’s called, insults and confuses the electorate, which is denied the comprehensive accurate information which is essential to the proper functioning of democracy.

“Most, if not all conventions concerning standards of political conduct, which the Westminster system once incorporated, such as ministerial responsibility are obsolescent.”

Mr Fitzgerald says too often he has seen social division, populism and prejudice used as political tools and support for fundamental institutions abandoned for political advantage.

“The prevailing political culture is increasingly amoral with each party lowering its standards, exploiting gaps in the law and disregarding ethical standards in order to compete.”

Mr Fitzgerald’s groundbreaking report on police and political corruption in Queensland ensures any comments he makes about political power will be heard, but he insists this will be his last blast.

“My understanding is that, shortly before they die, swans sing and although I’m, not as far as I know, in imminent danger of death, this is indeed the last time I propose to speak publicly,” he said.

“I am a very private person. I’ve said all I want to say. I want to encourage the accountability round table in organisations like that but I really have nothing more to contribute.

“I suppose my concerns are really more with Commonwealth and State governments than with local authorities, although obviously the integrity of local authorities is of paramount concern to local residents.”

The Accountability Round Table is now taking nominations for the inaugural awards to honour parliamentary integrity.

It is not clear whether Mr Fitzgerald will be eligible to nominate.

Jennifer Aniston not interested in other stars’ lives

London, Sep 19 (ANI): Jennifer Aniston is livid over the public interest in her private life, as she herself doesn’t care what other stars are doing.

The ‘Friends’ star has vowed not to discuss her personal life, and is unhappy with the idea of strangers reading about her personal matters.

“I don’t know about your life. I don’t want to, truthfully. It’s not my business,” the Daily Express quoted her as having told Parade magazine.

“It’s a very strange thing, but somehow it’s like there was some clause somewhere that said, ‘Well, you’re a public person, so we get to go into your house and search through your drawers.’

“I don’t know who came up with it because I wouldn’t have signed on. I don’t think anybody would have,” she added. (ANI)

Jacko could be put on display in a glass coffin

London, June 30 (ANI): The body of late Michael Jackson could be put on display in a glass coffin so that fans can bid adieu to the star before his burial.

According to reports, the King of Pop’s family has discussed the idea of a see-through casket to allow the public to see him one last time.

However, family members cannot agree on the funeral arrangements.

Parents Joe and Katherine are Jehovah’s Witnesses. The religion says a body must be buried as soon as possible, reports The Sun.

A source said: “The idea is causing internal stress within the family.

“The glass casket idea would create so much public interest it would take time to organise.People would make the pilgrimage from the other side of the world.

“The question that keeps coming back is, ‘What would Michael have wanted?’ ”

Meanwhile, the British tabloid has revealed that when Michael died he owed at least 300million dollars – and was begging banks to lend him more moolah.

In late 2007, the King of Pop was seeking to borrow 43million dollars, according to The Sun who saw his financial papers.

On paper, Jacko had assets worth 1.3billion dollars- almost all tied up in his 50 per cent ownership of The Beatles’ back catalogue with Sony Records. But he was unable – or unwilling – to sell his share. (ANI)

‘Dr. Death’ to face separate trials on charges

Brisbane (Australia), May 25 (ANI): Former Bundaberg Hospital surgeon Jayant Patel will face separate trials on fraud and manslaughter charges.

In a pre-trial review today the Crown agreed the eight fraud charges Dr Patel is facing should be heard at a separate trial from the three manslaughter and two grievous bodily harm charges he also faces.

However, a Supreme Court judge will have to decide whether the five non-fraud charges should also be heard in individual trials.

According to the Daily Telegraph, prosecutor Ross Martin told today’s hearing the Crown would not oppose a severing of fraud and other charges.

He said, however, the Crown believed the manslaughter and grievous bodily harm charges should remain “joined” for a trial.

Martin said defence lawyers had yet to indicate whether they would seek judge only trials for all or some of the charges.

He said there could be problems with the application to separate the manslaughter and grievous bodily harm charges, if the defence sought a judge only trial.

However, Michael Byrne QC said under the relevant section of law it would be irrelevant if the trials were judge only or jury.

He did not say if the defence had decided on whether to apply for judge only trials but he did indicate any application, if made, would be on the grounds of prejudice and unfairness.

Justice John Byrne said the matters had a public interest and it was important to get them before a court as soon as possible.

Dr Patel was committed to stand trial on the 13 counts in April. Patel, 59, who worked at the hospital between 2003 and 2005, faces charges of the manslaughter of James Phillips, Mervyn Morris and Gerardus Kemps. (ANI)

Chinese province says will fine civil servants who don’t smoke local cigarettes

Beijing, May 4 (ANI): Believe it or not, Chinese civil servants who refuse or fail to consume a sufficient amount of locally made cigarettes, will be fined.

An order to this effect has been passed in Hubei Province. The regulation set standards for the number and brands of cigarettes to be bought and used by its officials.

All local government agencies and institutions should aim to consume 230,000 packs of Hubei Province-produced cigarettes a year, or about 4 million Yuan (588,235 dollars). Departments that fail to consume sufficient cigarettes or consumed non-local brand cigarettes would be fined, Hubei-based Chutian Metropolis Daily reported.
According to the Global Times, the regulation will boost the local economy via cigarette tax.

The regulation included punishments but no offenders have been fined, said an unnamed spokesman at the county public relations department. The regulation is just a general guideline and does not target specific tobacco brands, an official at the county finance bureau who refused to give his name told the Global Times yesterday.

The Hubei cigarette market is dominated by Hunan brands Furongwang, Baisha and the Yunan brand Ashima according to a NetEase.com Internet user allegedly from the same county. The measure will help the brand Huanghelou survive competition.

The measure seems intended to boost the local economy but it in fact boosts the political careers of government officials, argued another former county resident on the Netease forum. In the long run, it boosts corruption and hurts the public interest, he said. (ANI)

Policeman Suspended Over G20 Protest Death – Video News

Policeman Suspended Over G20 Protest Death A policeman has been suspended after being caught on camera pushing a newspaper seller, who later died, to the ground during the G20 protests.
The officer came forward to the Independent Police Complaints Commission (IPCC), which is investigating the death of Ian Tomlinson.

The 47-year-old apparently suffered a heart attack during demonstrations near the Bank of England in London on April 1.

An amateur cameraman filmed the policeman hitting Mr Tomlinson and shoving him to the ground as thousands of protesters converged in the City.

[flv]http://static1.sky.com/feeds/skynews/latest/flash/g20_p6044.flv[/flv]

An IPCC spokeswoman said: “The IPCC has called for the officer to be suspended.

“The Metropolitan Police has now informed us that the officer has been suspended with immediate effect.

“Although decisions about suspension are a matter for the chief officer of the police, when there is an IPCC investigation, the police are obliged to consult with us over the suspension of officers.

“”In this case, we have expressed the view that the officer in question should be suspended from duty, in the public interest.”

A Met spokesman said: “A Metropolitan Police territorial support group police constable has been suspended, effective immediately, in relation to the IPCC investigation into the death of Ian Tomlinson.

“Although the Metropolitan Police consulted with the IPCC, the decision was taken independently by the Metropolitan Police having considered all the circumstances.”

The IPCC is examining hours of CCTV, photographs and footage filmed by protesters to try to piece together Mr Tomlinson’s last moments.

EC asks cabinet to avoid media briefings

New Delhi, April 2 (IANS) The Election Commission Thursday directed the cabinet to refrain from conducting media briefings after its meetings.

In a statement issued here, the poll panel told the cabinet secretary to avoid such briefings.

‘Now that the model code of conduct is in force throughout India in view of the current general elections to the Lok Sabha and the legislative assemblies of Andhra Pradesh, Orissa and Sikkim, the Commission would like to advise that such press conferences should be avoided, as far as possible, and the practice of issuing press releases may be resorted to in such cases,’ the statement said.

The panel said they are aware of the normal practice of union ministers addressing press conferences after meetings of the council of ministers or when any issue of public importance relating to the ministry concerned needs to be brought to the attention of the people.

Given this, it said if the cabinet finds that holding a press conference becomes unavoidable in public interest, ‘then preferably an appropriate official may address the press conference’.

The commission said they should be ‘urgently’ informed what action is being taken in this regard.

EC advises Union Ministers to avoid press conferences

New Delhi, Apr 2 (ANI): In view of the upcoming general elections, the Election Commission on Thursday advised the Union Ministers to avoid press conferences.

“Now that the Model Code of Conduct is in force throughout India in view of the upcoming general elections, the Commission would like to advise that such press conferences should be avoided, as far as possible,” the Commission said in a letter to the Cabinet Secretary.

The Election Commission, however, has said that an appropriate official might address the press conference.

“Where, however, the holding of a press conference becomes unavoidable in public interest, preferably an appropriate official may address the press conference,” the EC said.

The Commission’s advice came after Bharatiya Janata Party (BJP) complaint against Home Minister P. Chidambaram for making certain comments on Gujarat Chief Minister Narendra Modi at a press conference held at the PIB. (ANI)

BBC criticised over news coverage of Jade Goody’s death

London, Mar 25 (ANI): The BBC has come under fire over the extensive news coverage of Jade Goody’s death.

The broadcaster was criticised over the coverage of the story as 69 official and many online complaints poured in.

Goody, 27, died of cervical cancer last Sunday. Peter Horrocks, the head of the BBC’s multimedia newsroom, however, justified the coverage, insisting that it was justified both on the grounds of the level of public interest in the reality star, and the “awareness of cervical cancer” that her illness raised.

But many people felt the story should not have been the lead story on the news bulletin on The Andrew Marr Show and were critical that the story was covered so prominently across all its television and radio networks – and across its international news services including the World Service.

“I’m also extremely sorry that she’s died, but I really don’t think the BBC should make it their first major story on the News,” The Telegraph quoted a comment, as stating.

Another added: “This leads the BBC news page and is the first thing you see when clicking onto the BBC website, it is all rather pathetic.

“She is dead, it is sad, but no sadder than the many young people who died a tragic death overnight.”

Horrocks acknowledged that Goody was a “divisive” figure.

Writing in the BBC’s Editors’ blog, he said: “Goody became a phenomenon, both in terms of the interest she inspired in the public and in the effect that her sad death had on awareness of cervical cancer.

“To make a legitimate news judgement about our coverage, we applied the same criteria as we usually use: should we report this, and if so, how? Knowing that there was a possibility that Jade would die soon, we talked about whether this was a story we would lead on in the absence of other significant news.” (ANI)

Dungeon dad on suicide watch before trial

London, Mar 16 (ANI): Jail officials have been keeping a close watch on dungeon dad Josef Fritzl to ensure that he does not commit suicide before his trial begins.

The 73-year-old Austrian held his daughter Elisabeth captive in a dungeon beneath his home, raped her since she was 18 years of age, and fathered seven children with her, while keeping her as a sex slave for 24 years.

Amidst tight security and huge media and public interest, Fritzl will appear in the dock in St Polten, around 40 miles east of his hometown of Amstetten.

Prison officials have revealed that Fritzl is being observed closely as his trial is drawing near.

“We’re taking no risks,” the Guardian quoted Gunther Morwald, head of the St Polten prison, where Fritzl has been held in custody since his arrest last April, as saying.

He added: “He’s under constant watch. We’re aware of the possibility he might self-harm.”

A no-fly zone has also been established in the airspace over the courtroom to prevent media intrusion and escape attempts.

Officials have even changed the locks of the court to avoid any security lapses.

Frizl’s lawyer Rudolf Mayer has said that he is expected to plead guilty to most of the charges he is facing, including rape, incest and abuse, but will probably contest the charges of enslavement and murder.

Central to the trial will be the accusation that Fritzl murdered through neglect a baby twin called Michael, born to his daughter in the cellar in 1996. (ANI)

Mangalore pub attack against Indian ethos: Advani

Bangalore, Feb 28 (ANI): Senior Bharatiya Janata Party (BJP) leader L. K. Advani on Saturday condemned the attack on young women at Mangalore pub by Sri Ram Sena, terming it a violation of Indian ethos.

“I strongly condemn the attack on girls in Mangalore. There can be no compromise on this. It is wrong and against Indian culture and ethos,” Advani said.

People were entitled to have different perspectives on whether young men and women should visit pubs, but attacking them was wrong, he added.

Last month, members of a right wing Hindu group allegedly assaulted girls in a Mangalore pub accusing them of behaving in an obscene manner.

After the attack, 27 members of the outfit were arrested including its chief Pramod Muthalik.

Union Minister Renuka Chowdhury had criticized the state government on its failure to prevent attempts to ‘Talibanise’ the country and sent a three-member team, led by NCW member Vanktesh, to probe the case.

Chowdhury, however, sacked Vanktesh, saying her conduct was detrimental to public interest. (ANI)

Amendments to Rubber Act, 1947 approved

New Delhi, Feb 5 (ANI): The Union Cabinet today approved the amendments to the Rubber Act, 1947 and the Rubber (Amendment) Bill, 2009 will be introduced in the ensuing session of the Parliament.

As the Rubber Act is 60 years old, some of the provisions of the Rubber Act, 1947 have become redundant over the years. The rubber sector has also undergone a lot of changes over the years and particularly, as a result of the regime of economic liberalization.

The definition of ‘small grower’ is to be amended whereby a ‘small grower’ would be an owner whose estate does not exceed ten hectares in area against the existing limit of fifty acres in area.

It will also empower the rubber board to implement the standards for quality, marking, labeling and packing for various marketable forms of rubber, for the rubber produced or processed in India, imported into India and exported from India.

Rubber Development Fund in place of the existing general fund and pool fund with effective device for quick and smooth flow of money into the fund will give fresh impetus to the functioning of the Rubber Board.

It will empower the Central Government to grant exemption or reduction of any cess on rubber produced in India and exported if it is considered necessary in public interest.

The amendment will also enable the Central Government to specify zero paise per kg as the rate of cess on Natural Rubber produced in India and procured for export by the exporters of natural rubber for the period from April 11961 to August 31, 2003.

It will also enable the Board to recover the cess from the owners, exporter or manufacturers with the cost of collection and interest in case of delayed payment of cess. The amendments proposed in sub-sections (2) and (3) of section 12 would enable to settle three pending C and AG audit paragraphs.

The proposed amendments will enable the Central Government to issue directions to the Board in the matters of policy and empower it to delegate any of its power and functions exercisable by it by such officer or authority and enable the Rubber Board to make regulations to carry out its functions under the Act. It also empowers the Rubber Board to compound any offence punishable under the Act.

The amendment will provide for representation of the Central Government in the Rubber Board. The provisions of registration of rubber estates and licence for planting or replanting of rubber are redundant at present and therefore, the relevant provisions will be deleted.

The Rubber Act, 1947 was last amended in 1994. (ANI)