The Comptroller and Auditor General’s Report on the 2G Spectrum has created a great deal of controversy and his role is being questioned. The Public Accounts Committee could not finalise its report due to the splitting on the issue on party lines. The JPC currently examining the matter has taken an unprecedented step of taking evidence of a junior officer of the CAG’s set up, since retired, and quizzed the...

Sending a clear message that the 2G spectrum allocation of 2008 is a scam and not the result of a government policy decision, the Supreme Court today quashed the grant of 122 UAS licences and allocation of spectrum to 12 private companies. Even as the trial in the 2G case progresses in a Patiala House trial court in Delhi, a bench of Justices G S Singhvi and A K Ganguly held...

-The United Nations A United Nations official today urged Asian countries to commit to achieving sustainable energy for all their citizens by 2030 by increasing access to and the efficiency of renewable energy sources. “Reaching the goal of sustainable energy for all will require action by all countries and all sectors to shape the policy and investment decisions needed for a brighter energy future,” said Director-General of the UN Industrial Development Organization...

-The Business Standard   The agriculture minister is right about food security Among the large number of disparagers of the government’s proposed food security law, Agriculture Minister Sharad Pawar has been the most relentless, and also among the most outspoken. His latest salvo, expressing misgivings about its smooth implementation without investing more on boosting food production, is as relevant as the objections he had raised earlier concerning its impact on the already fragile...

-The Economic Times   The IMF wants to increase its lending capacity by $1 trillion, to rescue distressed countries in the eurozone plus those hit by aftershocks from the eurozone.  But US is struggling with fiscal problems of its own, Japan now has the highest debt/GDP ratio in the world (over 200%), and Europe is moving into an austerity phase. Clearly, a significant chunk of the new trillion will have to come from...