Bidders for upcoming ultra mega power plants in Odisha and Chattisgarh will have to pay a reserve price to the state government for coal mines that come bundled with the project, ending a long established policy regime in which the mines were allotted free. The coal ministry is in the process of finalizing norms for calculating the reserve price for the mines, bidding norms and a model agreement for which it...

No matter where you draw the line, the fall in poverty is greater in high GDP growth years   Some plain facts and some ugly truths. The plain fact is that poverty in India has declined at a rapid pace during the UPA years post 2004. An ugly truth. When the Planning Commission released the estimates of poverty in India, on the basis of the household survey conducted by the NSS in...

-The Business Standard   The Union government on Thursday approached the Supreme Court with a presidential reference on various issues relating to its recent judgment in the 2G spectrum scam. The apex court, meanwhile, would take up the government's review petition tomorrow. The presidential reference, under Article 143 of the Constitution, and the review petition raise similar issues. The main concern of the government is the perceived interference of the judiciary in the...

-The Economic Times With its draft report alleging a coal scam, duly leaked to the media, the Comptroller and Auditor General (CAG) is making a habit of choosing sensation over sense. Its allegation of loss to the exchequer in allocation of 2G spectrum colours the public discourse on the subject, but was discarded by the CBI court in the telecom case as the basis for a formal charge.  Its assumption that the...

-The Business Standard The Comptroller and Auditor General of India (CAG) on Wednesday called for a level playing field for getting information for auditing purposes. Pointing out that responses from government departments were often delayed, CAG Vinod Rai said “the auditor is not given the powers which a man on the street has”. He was speaking at a panel discussion at the Business Standard Annual Awards here on Wednesday. Rai was referring...