A court on Wednesday put on trial the first set of officials and businessmen indicted in the country's biggest corruption case, a multi-billion dollar telecoms scandal that has weakened the government and put off some foreign investors. The graft scandal is one of several to have emerged in the past few months, tarnishing the reputation of Prime Minister Manmohan Singh, whose government has gone on the defensive against an emboldened opposition. While...
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Charge sheet identical to CAG findings by Sandeep Joshi
The only difference is in revenue loss, which the investigating agency CBI put at Rs.30,984 crore The Central Bureau of Investigation's first charge sheet in the 2G spectrum allocation scam is almost identical to what the Comptroller and Auditor-General of India (CAG) said, except for the figure of revenue loss, which the CBI has put at Rs.30,984 crore. The CBI agrees with the CAG audit findings that the former Telecom Minister, A....
More »Taming international food inflation by Anwarul Hoda
What can make a real difference to food prices is determined international action to increase food production in regions that are richly endowed with land and water resources High food inflation has been the source of major concern in India for more than a year. Soaring food prices have been the cause of unease internationally as well. A Food and Agriculture Organisation (FAO) press release of 3 March, 2011 indicates that...
More »CBI to file 80,000-page charge sheet against Raja, others on April 2
The Central Bureau of Investigation on Tuesday informed the Supreme Court that it would file an 80,000-page charge sheet in the 2G spectrum allocation scam against the former Communications Minister A. Raja, four former Telecom officials and two companies on April 2. It was originally proposed to be filed on March 31. Senior counsel K.K. Venugopal told a Bench of Justices G.S. Singhvi and A.K. Ganguly that the agency was still...
More »India only 4th most corrupt in Asia Pacific
India finds itself bracketed with countries like Philippines and Cambodia, rated as the fourth most corrupt nation among 16 countries of the Asia Pacific region surveyed by leading Hong Kong-based business consultancy firm PERC. The Political and Economic Risk Consultancy Ltd (PERC) rated India at 8.67 on a scale of zero to 10 with the high end being the worst case of corruption scenario and ahead of the Philippines (8.9 points),...
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