-The Hindu The work of India’s supreme auditor cannot be put through an audit unless the institution itself initiates one The relentless campaign against the Comptroller and Auditor-General, of an unprecedented ferocity, compels me to write again on the subject. First, has the CAG caused a political and constitutional crisis, as some have argued? All that the CAG does is to submit audit reports. Any audit report, if it is a good report,...
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Oil companies set to reduce petrol prices -Piyush Pandey
-The Times of India MUMBAI: Consumers may get some relief as oil marketing companies (OMCs) plan to revise petrol prices downward due to falling international crude oil prices and a strengthening rupee. The Indian basket of crude oil fell to $106.74 on September 20 from $116 five days earlier, according to data published by the oil ministry. The rupee, which hit a four-month-high of 53.47 on September 21, is expected to strengthen...
More »Government bans sale or export of iron ore from captive mines
-The Economic Times The central government has banned states from allowing sale or export of iron ore by companies granted mining leases for own steel production. "The entire ore produced in the mining operation (of captive mines) shall be used exclusively for own consumption in iron or steel making and cannot be either sold in India or exported to other countries," the mines ministry said in an order issued on September...
More »Government keen to push bills on food security, land acquisition: Salman Khurshid
-PTI After the big-bang reforms, Law Minister Salman Khurshid today indicated government's keenness to push bills on food security and land acquisition, insisting that even Mamata Banerjee will not be able to oppose them. He maintained that "the bills drive a deft political balance between populism and reforms". "The draft (food security) Bill is being given the final touches by the Cabinet. This will ensure that poor will have their stomachs full. Nobody...
More »Foodgrain output projected to decline by 10 per cent: Pawar
-PTI India's foodgrains production is projected to decline by 10 per cent in the kharif season of this year at 117.18 million tonnes due to deficient monsoon and drought in some states. However, the government expects to make up for the decline in output during the Rabi season (winter sown crop). Foodgrain output stood at 129.94 million tonnes (MT)in last year's Kharif season. The production of rice - a major Kharif crop -...
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