A committee headed by Planning Commission member Arun Maira, the former head of The Boston Consulting Group in India, wants all acquisitions of Indian pharmaceutical companies by foreigners to be scanned by the Competition Commission of India or CCI. The report will now be sent to Prime Minister Manmohan Singh and Planning Commission Deputy Chairman Montek Singh Ahluwalia. Prime Minister Singh is expected to take a final view on the...

The wife of a top PSU boss has been caught collecting bribe in gold bricks, the CBI said today, the charge suggesting that the corrupt remain as audacious as ever in spite of the shakedown in high places. Abhay Kumar Srivastava, the chairman and managing director of Navratna PSU Nalco, and his wife Chandni have been arrested. The CBI said Chandni took three 24-carat gold bricks weighing a kg each in...

The Centre appears set to renege on its commitment to the Supreme Court that it would organise elections to a council that regulates traditional medicine whose members have clung to their positions for years, defying rules. At least 40 of the 48 elected members to the Central Council of Indian Medicine (CCIM) have held their positions for more than the scheduled period of five years. Among them, 17 have been members...

Although guardian minister of Gondia district Anil Deshmukh has given some valuable information regarding on line distribution of Public Distribution System (PDS) and biometric data system for employees in Gondia, most part of his press conference was dominated by allegations of rampart corruption prevailing in the district in various departments including village tanks, PDS and absence of employees from their seats in government offices. While speaking about the absence of the...

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...