A team of auditors from the Comptroller and Auditor General (CAG) of India will travel on select trains originating and terminating at Sealdah and Howrah stations to ascertain whether their introduction was at all necessary. Nearly all these trains were introduced by Mamata Banerjee during her tenure as railway minister between 2009 and May 2011. According to sources in the CAG, this exercise is part of a thematic review on 'Introduction of...

-The Hindu Unsustainable import competition and the end of the investment subsidy that the sale of under-priced resources provided to Indian companies are the main reasons why the economy has slowed down What has been called the ‘golden age’ of India’s economic growth was underpinned by global integration, high rates of investment and savings growth and low current account deficits. The slowdown is characterised by a sharp deceleration in investment growth on...

-The Business Standard Delhi's power tariff hike needs a thorough probe Since the privatisation of power distribution in Delhi in 2002, the average domestic electricity tariff has seen a rise of 107 per cent. It was Rs 2.50 a unit in 2001-02 and – after last week’s increase of 24 per cent with effect from this month – has gone up to Rs 5.17 a unit. This latest hike comes after another...

-The Hindu The CAG, after completing this month a detailed ‘internal appraisal’ of two of its most high-profile reports, has not just stood by its findings “regardless of media comments and the statements made by senior functionaries of the government,” but also substantiated them, citing additional crucial events. The internal assessment has been done on its reports on the 2G spectrum scam of November 2010 and Civil Aviation (Air India) of September...

-The Hindu Most people remain at the mercy of a venal administration that, encouraged by the absence of an independent watchdog, exploits them relentlessly   The state of affairs in the country is characterised by rampant corruption at all levels leading to a breakdown in the rule of law and lack of accountability all around. One can say that there is a complete collapse of governance in the country. Something drastic needs to...