Nearly 3,000 words of the 3,900 word Environment Ministry draft for rules on pollutants is a direct lift from a US Supplementary Environment Project Policy document. The new environment minister is yet to respond. IE
Changes in the Employee Provident Fund: The EPFO is now looking to invest beyond 5% in equities, after investments last year yielded good returns. The investment might increase to around 10% of its total fund, translating into Rs. 10,000 crore annually. ET
Ratings agency CRISIL says that corporate India's growth in Q1 is likely to hit a two year high - driven by exports from IT and overall could hit 8% in revenue. BS
CAG says that telcos have under-reported revenues of upto Rs 46,000 crore between 2006-10. The agency will issue a Rs. 12,500 crore demand notice to these companies. LiveMint
Picture of the Day: China's constructions in the South China sea - new islands and military bases. NYT
