The Business Confidence Index formulated by NCAER stood at a seven-year low of 91.4 points in January 2009, plummeting 41 per cent compared to a year ago period. On a quarterly basis, the index lost 24 per cent compared to October 2008. 'This (BCI) is the lowest since January 2002,' the NCAER said in its quarterly review of the business expectations survey. It said the slowdown in the markets appears to be a leading factor in influencing the fall in business expectations.
The apex court, after perusing the report, said it would not 'digress' from the main issue of ensuring a fair trial, not only for the accused but also for the victim's family.
The advocates are seeking withdrawal of the amended rules under the Advocates Act, that empower judges to act against errant lawyers.
Attorney General K K Venugopal on Tuesday said the crisis in the Supreme Court seems to be unresolved and hoped it will be "fully settled" in a couple of days, remarks that come a day after he stated that everything was settled in the higher judiciary.
A roster of the work for fresh cases notified under the order of the chief justice of India will come into effect from February 5 till further orders.
