-The Times of India New Delhi: The Delhi Lokayukta has indicted chief minister Sheila Dikshit for allegedly misusing public funds for an advertisement campaign in the run-up to the 2008 assembly polls. The ombudsman has recommended to the President of India to administer "caution" to the CM for the alleged misuse of funds and ask her to reimburse either herself or through her party a sum of Rs 11 crore as...
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Panel probing Walmart’s lobbying charge submits report
-The Hindustan Times A government-appointed committee that was looking into allegations of US retail major Walmart's lobbying activities to enter the Indian market has submitted its report to corporate affairs minister Sachin Pilot on Saturday. "The report has just been submitted, the minister would go through it," said a senior corporate affairs ministry. There were reports that the committee has given Walmart a clean chit but it could not be independently verified. The committee,...
More »Banks suppressing alerts on suspect dealings: RBI probe-Josy Joseph
-The Times of India NEW DELHI: An investigation by the Reserve Bank of India (RBI) into allegations of money laundering by private banks has found large-scale violations ranging from huge cash deposits without PAN to dummy numbers. The probe report, a copy of which is available with TOI, shows that three private players - HDFC Bank, ICICI Bank and Axis Bank - had also hugely suppressed alerts generated by their system on...
More »Why Orissa mining may not go the Goa way -Meera Mohanty
-The Economic Times Three weeks ago, when the Supreme Court reopened the iron-ore mining door some more in Karnataka, miners in Orissa breathed a Rs 50,000 crore sigh of relief. Also in the dock for some offences of a similar nature, Orissa's iron-ore miners, who produce a third of this mineral that is critical to steel, had been dreading their fate, which lay in the hands of a Central government panel. The...
More »Stuck record: Why Amartya Sen is wrong on food security again -R Jagannathan
-Firstpost.com It is becoming increasingly difficult to retain respect for Nobel laureate Amartya Sen. He seems to surface in the media every time the UPA government is about to legislate its pet follies, providing intellectual succour to mindless spending and corruption wrapped up in the package of anti-poverty schemes. Yesterday, Sen bobbed up just when the UPA - under siege for every known scam in India - tried to start discussions on...
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