Devas Multimedia has approached the International Court of Arbitration (ICA) seeking restoration of its contract with Indian Space Research Organisation's (ISRO) commercial arm Antrix which was terminated in February after allegations of wrongdoing emerged over the allocation of S-band spectrum. In February, the UPA government scrapped the controversial contract between Antrix Corporation and Bangalore-based Devas Multimedia for the lease of space segment in S-band. The government had said that it could...

Why is the ruling party unable to pass 3 very important bills? The National Advisory Council draws its exalted status from the fact that UPA Chairperson Sonia Gandhi heads it. But its inability to get its way on three new Bills indicates that its influence is waning. A couple of weeks ago, the Sonia Gandhi-led National Advisory Council (NAC) cleared the drafts of two significant Bills — the Food Security Bill and...

As bank gears up for competition, it may further dilute environmental safeguard policies WITH financial institutions of emerging economies like India and China getting big time into development lending, the World Bank plans reforms to attract its borrowing countries. Some of the important plans are to disburse loans faster and on flexible terms. Bank watchers and civil society groups say the reforms, expected to be in force by the year-end, would...

Nobody sheds a tear when the police harass ordinary citizens. But with the rich and powerful under the corruption scanner, the Prime Minister now fears a police state. The Prime Minister and his advisors just don't get it. At a time when the public is looking for an end to the loot of public money, the last thing they want to hear from their government is a bunch of excuses and...

-The Times of India   Bihar CM Nitish Kumar on Thursday questioned the Centre's decision of sending two drafts of Lokpal bill to the states for consideration and demanded that the government clarify its stand before seeking states' views on the proposed anti-corruption legislation. Speaking after a meet with civil society group on the Lokpal issue, Kumar said he would discuss the matter with his party and ally BJP. "Let the government...