-The Times of India The government on Thursday seized upon Supreme Court's ruling that auctions are not mandatory for allocating natural resources as a validation of its stand against the comptroller and Auditor general's (CAG) findings in the 2G spectrum and Coalgate cases. Talking to media after the verdict, telecom minister Kapil Sibal and law minister Salman Khurshid welcomed the judgment, suggesting it had vindicated the government's position. Sibal said all constitutional authorities...

-The Hindu The work of India’s supreme Auditor cannot be put through an Audit unless the institution itself initiates one The relentless campaign against the Comptroller and Auditor-General, of an unprecedented ferocity, compels me to write again on the subject. First, has the CAG caused a political and constitutional crisis, as some have argued? All that the CAG does is to submit Audit reports. Any Audit report, if it is a good report,...

-The Times of India MUMBAI: Consumers may get some relief as oil marketing companies (OMCs) plan to revise petrol prices downward due to falling international crude oil prices and a strengthening rupee. The Indian basket of crude oil fell to $106.74 on September 20 from $116 five days earlier, according to data published by the oil ministry. The rupee, which hit a four-month-high of 53.47 on September 21, is expected to strengthen...

-The Times of India Chief Justice of India (CJI) S H Kapadia on Saturday joined the debate on the CAG's estimate of "windfall gains" for private players in the coal block allocation scam, suggesting such assessments may not be accurate. "People should be educated on economics as well to understand that these irregularities should be understood from the point of loss, which was a matter of fact, and not from profit angle,...

-PTI Sparks are likely to fly in the meetings of Parliament's Public Accounts Committee as it takes up the controversial CAG report on coal block allocations from Friday when the government Auditor will brief the panel on the issue. Comptroller and Auditor General Vinod Rai and his team of officials will brief the PAC on the Auditor's findings on coal block allocation on Friday. The issue had virtually washed out the entire Monsoon...