-The Indian Express   SC is right that natural resources are held in public trust, but its comments on allocation are simplistic In its ruling in the 2G spectrum allocation case, the Supreme Court said that Auctions were the best route for allocation of finite natural resources. “While transferring or alienating the natural resources, the State is duty bound to adopt the method of auction by giving wide publicity so that all eligible...

-The Hindustan Times By cancelling licences issued by the UPA government to telecommunications companies in 2008, the Supreme Court has ruled against discretion in the allotment of natural resources like radio frequencies. This is in contrast to the view of this government and that of its predecessor, the NDA, that big upfront costs like spectrum fees, which must be passed on to customers, don’t serve the larger goal of universal telecom...

The government, the largest owner of landed property in the country, is preparing a comprehensive land sale policy to raise revenues and check corruption in government-owned property deals. The finance ministry will shortly move a cabinet note for bringing in a new uniform policy on 'land alienation' by government agencies, with an eye on removing discretionary powers of individual ministers and bureaucrats, said a government official. In big cities, large tracts...

In U.P., where 70 per cent of the people depend on agriculture, FDI in retail does not produce any cheer. ON a misty Monday morning in early December in Muradnagar, a small town in western Uttar Pradesh, numerous tractors and trucks, loaded with jaggery and driven by farmers themselves, lined up in front of the smallest grain mandi (market) of the region. With unusual patience, the drivers waited for their...

-The Hindu   The Group of Ministers (GoM) meant to consider measures to tackle corruption has directed the Ministry of Law to formulate concrete proposals on Constitutional and statutory amendments needed to consider feasibility of State funding of elections. The GoM headed by Union Finance Minister Pranab Mukherjee is mandated to look at a range of policy initiatives and action required to address corruption. In its first report in September, the GoM had...