Telecom minister Kapil Sibal today termed “utterly erroneous, baseless and sensational” the government auditor’s estimate that the alleged 2G scam resulted in a presumptive loss of Rs 1.76 lakh crore. Sibal gave a detailed explanation of the priorities that drove the telecom policy and the benefits over the years to “the aam aadmi” — something his predecessor A. Raja did not or could not articulate till now. Drawing a parallel with free...

The government will shortly set up an anti-corruption mechanism in the backdrop of scandals in which the Opposition has targeted Prime Minister Manmohan Singh. As legislative measures will be required to introduce certain provisions, it can even pilot an ordinance. Sources said the Prime Minister was giving “serious thought” to this mechanism with a blueprint having already been prepared, incorporating the suggestions given by Congress president Sonia Gandhi at the party...

Following up on his unprecedented offer, Prime Minister Manmohan Singh today wrote to the Public Accounts Committee probing the 2G spectrum allocation scam, expressing his readiness to appear before it. On a day when Comptroller and Auditor General (CAG) Vinod Rai, whose report projecting a presumptive loss of Rs 1.76 lakh crore to the exchequer in 2G spectrum allocation created a storm, appeared before the PAC, Singh made the offer in...

Comptroller and Auditor-General of India Vinod Rai on Monday appeared before the Public Accounts Committee (PAC) to give his views on the 2G spectrum allocation scam. Appearing before the 22-member committee, led by Murli Manohar Joshi, for about five hours, Mr. Rai is understood to have given details of how the CAG reached the figure of “presumptive loss” incurred by the exchequer due to irregularities in grant of licences and 2G...

Amidst a high-pitched BJP campaign for a JPC probe into the 2G spectrum allocation scam, Comptroller and Auditor General (CAG) Vinod Rai is all set to appear before Public Accounts Committee (PAC). PAC is scrutinising the sensational CAG report, claiming massive irregularities in the telecom deal. Rai, according to sources, will depose before the PAC on Monday. Interestingly, PAC chairman Murli Manohar Joshi, a senior BJP leader, has started going about...