-The Times of India It was not just private sector firms that made a killing out of the Commonwealth Games held last year. In a clear sign of how even public sector units viewed the Games as a windfall, the Comptroller and Auditor General has found that Electronics Corporation of India Ltd (ECIL) made huge profits out of its contract for Integrated Security System (ISS) for the Games. Given on a "nomination...
More »SEARCH RESULT
Total Matching Records found : 1116
Mining ban in Karnataka may push up steel prices by Rakhi Mazumdar
Steelmakers and mine owners, reeling under a ban on mining in Karnataka, are keeping their fingers crossed about the Supreme Court hearing scheduled on Friday. The uncertainty in iron ore and the resultant rise in ore prices have led the steel industry to actively consider an upward revision in prices, just days after most companies mentioned of keeping product price levels unchanged. "Iron ore spot prices have been rising by $1-2 daily...
More »Indian tax plans condemned by mining companies by Suvojit Bagchi
Mining firms have criticised the Indian government's decision to make them pay more tax to help develop tribal areas affected by the Maoist uprising. Various trade associations have denounced the bill, under which firms will pay upto 26% extra tax on profits. The new legislation is to be introduced during the new parliamentary session which started on Monday. Maoist rebels say they are fighting for the rights of indigenous tribal people and the...
More »Dikshit evades questions on CWG
-The Hindustan Times Delhi chief minister Sheila Dikshit on Wednesday evaded questions on the Comptroller and Auditor General reportedly rapping her government for irregularities in Commonwealth Games projects, saying she will comment only after the report is tabled in Parliament. "I will not comment on CAG. Let it be tabled in Parliament. Then only I will say anything," Dikshit said. She was asked to comment on reported observations by CAG about irregularities in...
More »Intelligent design for the environment by Prodipto Ghosh
The announcement last weekend by the prime minister that an independent National Environmental Appraisal and Monitoring Agency (NEAMA) would shortly be set up has been welcomed in the media. The PM indicates that it would be staffed by professionals, will set up a new process for environmental appraisal of projects, and monitor the observance of environmental management plans. It would be a recommendatory body, subject to final decision-making by the...
More »
