-CNN-IBN As the Cabinet meets to decide on allowing Foreign Direct Investment (FDI) in the multi-brand retail, it remains to be seen whether the Prime Minister will bite the bullet. The Bharatiya Janata Party (BJP), the Left, UPA ally Trinamool Congress along with some Cabinet ministers Veerappa Moily and Mukul Wasnik have opposed it. While the BJP feels that FDI will lead to unemployment, the Left has said that it may lead...
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Sitting and former MPs owe MTNL over Rs.9 crore
-IANS Sitting and former MPs from various parties owe a staggering Rs.9 crore to state-run telecom provider MTNL, over and above the free calls they are allowed, a reply to a Right to Information (RTI) query revealed Tuesday. The reply lists 399 MPs who alone owe Rs.7.10 crore dues to MTNL, followed by Rs.1.97 crore owed by six sitting members. The list for former MPs defaulting upon their bills is led by Rajya...
More »Cotton farmers to be paid based on land-holding by Amberish K Diwanji
The state government has finally decided to compensate cotton growing farmers on the basis of their land holding rather than on the crop sold. Chief minister Prithviraj Chavan on Wednesday said it was not possible to compensate farmers on a per quintal basis — a demand by a few Opposition parties — because many farmers had already sold their cotton. However, Chavan said the state government had not yet decided on the...
More »Auditor may have taken PAC’s cue by Appu Esthose Suresh
Exact math used by the government’s auditor in its calculation of losses and the process it followed still unclear The Comptroller and Auditor General of India (CAG) may have taken a cue from the Public Accounts Committee (PAC) while calculating losses arising from the improper allocation of second-generation spectrum to telecom companies in 2008 (or the so-called 2G scam), according to documents reviewed by Mint. This is not to suggest that the...
More »Nod for 26% FDI in pension funds by Remya Nair
The govt has thus rejected the recommendation of the parliamentary standing committee on finance that the 26% FDI cap be a part of the Bill The cabinet on Wednesday cleared amendments to the Pension Fund Regulatory and Development Authority Bill, 2011, capping the overseas investment limit in the sector at 26%, but retaining the flexibility to raise this limit by stating that it would not form a part of the legislation. The...
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