Economics is the art of evaluating the cost of the opportunity foregone. This is a delicate skill, as are all things that dabble in what-might-have-been. It is never that difficult, therefore, to over- or underestimate the size of the opportunity cost. In the case of the report of the Comptroller and Auditor General on the awarding of 2G licences, the figures should certainly be open to debate. They certainly come...

The CBI's record in the Jain hawala case was disappointing. But there are powerful elements in favour of unravelling the truth in the 2G scam. On December 16, 2010, the Supreme Court (Justices G.S. Singhvi and Asok Kumar Ganguly, ) ordered a comprehensive and thorough investigation by the Central Bureau of Investigation and the Enforcement Directorate into what has become notorious as “the 2G scam.” The investigation, into spectrum allocation from...

The Orissa government today filed a 500-page response in the Supreme Court on the stricture made by the apex court on the alleged irregularities committed in the implementation of the Mahatma Gandhi National Employment Guarantee Act (MGNREGA) in the state. "We have filed a 500-page response in the Supreme Court on the status of the implementation of MGNREGA in the state. Action has been taken against around 600 errant officials in...

Notwithstanding the Income Tax Appellate Tribunal's order that stated Rs.41.2 crore was paid as kickbacks to the late Win Chadha and Italian businessman Ottavio Quattrocchi in the Bofors gun deal, the CBI on Tuesday reiterated its stand to close the case in the “public interest.” Chief Metropolitan Magistrate Vinod Yadav had scheduled the case for pronouncement of judgment on the CBI's closure report but deferred it when advocate Ajay Agarwal urged...

Swami Aseemanand is the latest big name in the "Hindutva" terror web blamed for a series of blasts; starting with Samjhauta Express in 2007 to the ones at shrines in Hyderabad, Ajmer and Malegaon. The 58-year-old, whose real name is Jatin Chatterjee, is best known for reconverting tribals in the remote Dangs area of Gujarat from Christianity to Hinduism. But as the anti-terrorist squad and then the National Investigation Agency...