-The Times of India Every few days, Rajkumar Sharma, manager of a group housing society in Noida, makes the mandatory trip to the nearby petrol pump to pick up his quota of diesel. A few days back, even as he was on his 'diesel duty' as he calls it, he was making some quick back-of-the-envelope calculations. "Our average monthly consumption is around 400 litres which means a monthly expenditure of around...
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Centre rubbishes CAG report on coal scam in SC -Dhananjay Mahapatra
-The Times of India The Centre on Tuesday rubbished the charges made in the CAG report-based petitions alleging huge scam in coal block allocations and said it had put in place four sets of regulatory mechanism which had functioned well to monitor and take corrective measures. Responding to six questions the court had asked on a PIL filed by M L Sharma who had sought quashing of all 194 blocks of coal,...
More »A lesson learnt
-The Business Standard Mr Chautala's sentence, ASER show focus on teaching needed The sentencing of former Haryana chief minister Om Prakash Chautala, his son Ajay Chautala, and of three officials who served in the Haryana government under him in the early part of the last decade, to 10 years in jail is a landmark step. Mr Chautala has appealed the sentence, which is surprisingly stringent for a white-collar crime. But it...
More »Business by other means -Ajoy Ashirwad Mahaprashasta
-Frontine Walmart’s disclosure that it spent huge amounts of money on lobbying in India and the allegation that it entered the retail sector through indirect means highlight the power of global capital in dictating the country’s policies. The world’s largest multi-brand retailer Walmart’s disclosure to the United States Senate that it had spent $25 million (Rs.135 crore) since 2008 on its various lobbying activities, which include enhancing access to the Indian...
More »IMF says India shouldn’t rush to give banking licences to conglomerates-Remya Nair and Asit Ranjan Mishra
-Live Mint The International Monetary fund (IMF) has warned India against licensing corporate entities to step into the business of commercial banking, saying the risks associated with such a move potentially outweigh the benefits of creating more banks. IMF’s Financial System Stability Assessment Update said it would be prudent for India to first put in place and gain sufficient experience in implementing a comprehensive framework for the purpose before considering the entry...
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