Liquor baron Ponty Chadha’s mercurial rise is all ‘Maya’ A reclusive liquor baron may seem like an anomaly in these never-ending good times. But Gurdeep Singh Chadha—better known by the moniker Ponty Chadha—fits the bill. Often called “Mayawati’s financier”, the 57-year-old Ponty has been making large (if silent) waves for the political patronage he enjoys in Uttar Pradesh. Any bottle of liquor sold in India’s most populous state goes through his...

But claim of absence of evidence at odds with amicus report The Special Investigation Team probing Zakia Jafri's complaint has freed Chief Minister Narendra Modi of all charges in the 2002 Gujarat pogrom against Muslims. In a “summary closure report” — filed before the magistrate's court in Ahmedabad on Wednesday — the R.K. Raghavan-led SIT said there was no “prosecutable evidence” against Mr. Modi, who was among 62 persons named in...

-Eastern Panorama   It’s been almost two months since a 6.9 magnitude earthquake left the Himalayan state of Sikkim devastated. Nine families of Ralak village in Tingchim Mangshilla Gram Panchayat in the North District of Sikkim are still living in make shift relief camps with the mothers cuddling their children under blankets to give them comfort and warmth in the cold November nights. As snow has already covered the mountains visible from...

The Supreme Court verdict cancelling all the 122 telecom licences that jailed former telecom minister A Raja had issued to eight firms in 2008 has unexpectedly opened up a new window that can help the government earn up to Rs 75,000 crore. The revenue raised from the fresh auction of spectrum freed up after last week's SC ruling will come as a welcome relief for the government that has been struggling...

Central pension plan NPS finally gets a boost The ‘New’ NPS     Measure: Improve incentives for distributors. Has been recently implemented.     Impact: Was required. But won’t be enough, need consumer education to build volumes.     Proposal: Increase fund management fees with an option to lower later.     Impact: Under consideration. But finance ministry unhappy with increase in costs.     Proposal: Relax the norms to appoint more fund managers to increase distribution.     Impact: Unlikely. At...