Reserve Bank of India Governor D. Subbarao on Thursday deposed before the Public Accounts Committee (PAC), which is looking into the Comptroller and Auditor General (CAG) report on the 2G spectrum allocation scandal. PAC chairman Murli Manohar Joshi said the committee had some questions to ask related to Dr. Subbarao's stint as Finance Secretary in 2007-08 just before he became RBI Governor. At a previous meeting of the PAC, another former...
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GoM to address 'no go' mining issue in a week
Coal Minister Sriprakash Jaiswal today said a Group of Ministers on Coal will meet within a week to try and iron out the vexed issue of "go" and 'no-go' areas in coal blocks. "The Group of Ministers will meet in the next three-four days or within a week to deliberate on issues like 'go' and 'no-go', among others," Jaiswal told reporters on the sidelines of an Assocham event here. Last year, the...
More »Posco clearance shows UPA favours MNCs, says CPI
Attacking the United Progressive Alliance government and the Environment Ministry for granting clearance to the Posco project in Orissa, the Communist Party of India on Thursday said the imposition of 60 conditions, notwithstanding, neither the environment nor forest clearance for it was in accordance with law. “The government enacts laws and frames policies that it claims will benefit the people, and then goes on to tear them to shreds in order...
More »Censorship by ‘pay-to-print' by P Sainath
When it comes to paid news, there's silence because, while Ashok Chavan might stand accused, it is the media who are on trial. The year 2010 saw journalists, their associations and unions hold more conferences and seminars on one professional issue than any other. And it wasn't on the Wage Board or the Radia tapes. Hundreds of journalists across the country attended these meetings. Dozens stood up and spoke of their...
More »Budgetary support to Plan spend hiked 18% by Neeraj Thakur
The ministry of finance and the Planing Commission have finally agreed on increasing gross budgetary support by 18% for the terminal year of the Eleventh Five-Year Plan (2007-2012). GBS is the monetary assistance provided by the Centre to implement schemes in five-year plans. The ministry of finance will allocate around Rs4.41 lakh crore as part of the planned expenditure in the Budget for the next fiscal, compared with an allocation of Rs3.73...
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