-Hindustan Times The issue of recovering the full extent of the value of our natural resources from parties to whom they are being assigned has reverberated throughout the economy ever since the Supreme Court delivered its judgements in the 2G scam (dealing with the State's earnings from selling spectrum) and on coal block allocations. In both instances, past practice and legal provisions had unwittingly handed these resources to parties at a pittance. Under...
More »SEARCH RESULT
Lack of Clarity and Vision in New Mines and Minerals Act -EAS Sarma
-Economic and Political Weekly Much has been claimed on behalf of the Mines and Minerals (Development and Regulation) Amendment Act that has been enacted by Parliament, but the legislation has introduced a watered-down version of auctions, has many exceptions to legalise the old first-cum-firstserve approach, and ignores previous Supreme Court rulings on measures to ensure sustainable development. E A S Sarma (eassarma@gmail.com) is a former Union Power Secretary. With a brute majority in...
More »A third of top 500 firms’ books dodgy: SFIO -Subhomoy Bhattacharjee
-The Financial Express A forensic report prepared for the Serious Fraud Investigation Office (SFIO) shows over a third of India's top 500 companies, including those in the top 100, are "managing" their accounts. It finds that companies where promoters hold more than 50% of total shareholding are more likely to take such steps to impress markets with their performance. Both domestic companies and subsidiaries of multinationals listed in India show similar trends...
More »Intelligence agencies silent on RTI: study -Rukmini S
-The Hindu 11 out of 25 have never reported any RTI information to the CIC India's top security and intelligence agencies consistently refuse to give out any information about the Right to Information requests they receive, and those that do, reject the bulk of queries they receive, new data shows. Twenty-five of India's top security agencies are exempt from most of the requirements of the RTI Act, but are required to provide access...
More »Mass exodus: 100,000 villagers migrate from Chhatisgarh in 3 years
-IANS RAIPUR: There's a deathly silence in many villages across Chhattisgarh these days. The houses are locked as entire families have left for greener pastures for want of work, despite Central government's rural job scheme and availability of rice at Rs1 per kg. "We (55 labourers and 15 children) are leaving for Faizabad (in Uttar Pradesh) where we will make bricks. The payment is Rs 400 for 1,000 bricks. Two labourers...
More »