-The Times of India Taking a cue from the RBI governor D Subbarao, market leader Indian Oil Corporation indulged in grand standing on Tuesday by saying state-run retailers would raise petrol price by almost Rs 10 per litre, if the government did not reduce excise duty or did not compensate their Rs 49-crore daily loss on the fuel. "We have been very patient, not raising prices since December despite our cost of...
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Coalgate: FM downplays CAG findings
-The Times of India Faced with a looming embarrassment over the disclosure of irregularities in the allocation of coal blocks, finance minister Pranab Mukherjee on Saturday sought to play down the findings of the auditor, asserting that his final report would spare the government. Speaking against the backdrop of Opposition's criticism and its demand for a CBI probe into what is being called " Coalgate", Mukherjee said that that the report scooped...
More »Steel ministry for key changes in mining Bill by Sudheer Pal Singh
Against auctions for concessions, wants PSU reservation to stay and Centre's veto on mining rights to remain The Supreme Court might have made a case for auctioning of natural resources, but voices within the government do not seem in conformity with the apex court directive. The Union steel ministry has raised serious objections over the auctioning route proposed as the key reform measure in the new mining legislation. The Bill is being...
More »A scam in pulses import? CAG estimates Rs 1,200 crore loss on import of subsidised pulses by Tejinder Narang
In December 2011, CAG tabled a well-analysed audit report in Parliament claiming a loss of 1,200 crore, or $250 million, on the import of subsidised pulses through 2006-11 under the supervision of department of consumer affairs (DCA) of the food ministry. The government's intention to introduce such a scheme cannot be faulted: during 2005-08, seven million tonnes of wheat was imported at high prices, chana (chickpeas) values spiked from 21...
More »DoT clears distribution of 50 lakh tablet PCs in schools, colleges by Sandeep Joshi
In a move that will give a big push to broadband penetration in the country, the Department of Telecommunications (DoT) has cleared an ambitious plan to distribute 50-lakh tablet PCs (personal computers) to students in the next financial year (2012-13). A note containing the nitty-gritty of the ambitious Aakash-2 project is likely to be placed before the Cabinet soon. “Telecom Minister Kapil Sibal, who is also in charge of the Human...
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