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Subsidy Bill will damage govt’s finances: Sharad Pawar

-The Economic Times   The increase in India's food subsidy bill after the introduction of the Food Security Act, which will guarantee subsidised grains to a large section of population, could damage the country's financial health, agriculture minister Sharad Pawar said here on Wednesday.  The SITuation is worrying even now, the minister said at the Economic Editors Conference here. "The issue price of grains for ration shops has not been changed for last...

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High-level group on Kudankulam soon

-The Hindu   Prime Minister Manmohan Singh has said the Centre will announce the setting up of a high-level group on the Kudankulam nuclear plant issue “today or tomorrow.” Dr. Singh had offered to set up a group to assuage the fears of the local population and the State government in a letter to Tamil Nadu Chief Minister Jayalalithaa which never reached her. The first unit of the Russian-assisted Kudankulam plant is slated to...

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EGoM on food deferred due to differences among ruling allies

-PTI   A meeting of the Empowered Group of Ministers (EGoM) on food, headed by Finance Minister Pranab Mukherjee and scheduled for today, has been postponed due to differences among ruling allies, especially the NCP, over the sugar export policy. The meeting was deferred as the NCP leader and Agriculture Minister, Sharad Pawar, wanted a clear policy on sugar export for 2011-12 to be decided this month, but Food Minister KV Thomas was...

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‘Paid news' claims first political scalp as EC disqualifies MLA by J Balaji

First such verdict by Election Commission The Election Commission delivered a historic verdict on Thursday by disqualifying Uttar Pradesh MLA Umlesh Yadav from contesting again for three years for not including in her official accounts of expenditure the amount she spent on advertisements in two Hindi dailies that were masquerading as news items. Umlesh Yadav is the wife of liquor baron and billionaire strongman D.P. Yadav and mother of Vikas Yadav, the...

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Govt’s next CAG headache: ‘Mega losses in power deal’ by Amitav Ranjan

The Comptroller and Auditor General has alleged that the union power ministry gave “undue benefit” of Rs 1.20 lakh crore — calculated over the next 25 years — to Reliance Power Ltd (RPL) in the ultra mega power projects (UMPPs) at Sasan in Madhya Pradesh and Tilaiya in Jharkhand.   In its report sent to the power ministry last month, the CAG has argued that the government did so by changing coal...

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