The government is planning a complete overhaul of the way the power sector is financed and subsidies are delivered, attempting to address a funding shortfall delaying the construction of electricity projects and worsening a chronic power deficit that threatens to sap growth in India’s energy-hungry economy.This exercise is based on a report submitted by a panel headed by Montek Singh Ahluwalia, deputy chairman of the Planning Commission, to the power...

The Supreme Court today asked central vigilance commissioner P.J. Thomas to explain why his appointment as head of the country’s top anti-corruption watchdog shouldn’t be scrapped even as the embattled bureaucrat hung on to his post. The notices to Thomas and the central government were a first from the court, which had so far only questioned Thomas’s appointment as CVC for his alleged involvement in a palm oil import case. The vigilance...

List silent on charge sheet against CVC Thomas in palmolein case The Centre has informed the Supreme Court that sanction for prosecution is awaited in 126 cases registered under the Prevention of Corruption Act against various public servants including Justice Nirmal Yadav of the Uttarakhand High Court, who has been given a clean chit in the Rs.15-lakh cash-at-door scam during her Tenure as judge of the Punjab and Haryana High Court. On...

NIIRA RADIA, the lobbyist at the heart of India’s audacious multi-billion telecom swindle, inaugurated a Krishna temple she funded in south Delhi on her birthday — that, interestingly, coincides with Indira Gandhi’s. Those present on the occasion said Radia prayed for long, presumably seeking divine intervention to wriggle out of the country’s biggest scandal. Before the temple visit, notices from the country’s Enforcement Directorate (ED), Income Tax (IT) Department and the...

RTI activist Akhil Gogoi today said he had a strong suspicion that another scam, like the LoC scam that took place during the AGP regime led by Prafulla Kumar Mahanta, had taken place during the Tenure of chief minister Tarun Gogoi. “The people of Assam are well aware that an LoC scam took place during Prafulla Mahanta’s rule but we have a strong suspicion that another LoC-like scam took place during...