-The Telegraph   The Comptroller and Auditor General (CAG) has slammed the petroleum ministry for failing to take back 25 per cent of the acreage of the KG-D6 oil and gas block off the Andhra coast from Reliance Industries after it reneged on its drilling obligations. The long-awaited report from the CAG based on a detailed performance audit of the country’s hydrocarbon production sharing contracts was tabled in Parliament today. The nation’s auditor surprisingly...

-The Economic Times   The government has defended its new land acquisition bill as industry-friendly, refuting criticism that provisions contained in the legislation were retrograde and would push up costs for state-run and private companies. Industry groups had slammed the new Land Acquisition, Rehabilitation and Resettlement Bill (LARR) 2011, cleared by the cabinet earlier this week and tabled in parliament on Wednesday, saying it was "burdensome" and "anti-development". But Rural Development Minister...

-The Times of India   The government on Saturday released a list of assets owned by Union ministers. Urban development minister Kamal Nath and his family top the charts with a net worth of over Rs 263 crore. Prime Minister Manmohan Singh's holdings are a little over Rs 5 crore. At the bottom of the pile is the low-profile defence minister, A K Antony, who claims he has a paltry Rs 1.8 lakh...

The truth about the Indian media’s increasing reliance on revenues from news that has been paid for, has long been shrouded in half-truths, corporate denials and misleading information in carefully sifted reports sent out by regulatory bodies. While the national media, flush with high TRP ratings and advertising revenues, is patting itself on its self-righteous back for relentless coverage of the public protests against corruption in high places, it is...

-The Telegraph   Labour laws will not be eased for the proposed national manufacturing investment zones (NMIZs), and there will be administrative arrangements for quick relief to workers in case a unit is closed. The government plans to generate 100 million jobs within a decade in these proposed zones. Proposals of flexible labour laws in these zones, which may have allowed hire-and-fire policies, had come under criticism from trade unions and as a...