N.K. Singh, the Janata Dal (United) Rajya Sabha MP, “voluntarily” recused himself from participating in the proceedings of the parliamentary public accounts committee looking into the 2G spectrum allocations. His decision was made public today by PAC chairperson Murli Manohar Joshi after the panel questioned the editors of Outlook and Open magazines, which published the transcripts of the Radia tapes some months ago. Singh’s conversation with corporate lobbyist Niira Radia figured in...

The government is looking at allowing foreign direct investment (FDI) in multi-brand retailing as part of a slew of measures to make India more attractive to overseas investors. Senior government officials told TOI that the thinking was that a gradual opening up would be a better strategy with global chains first allowed to open stores in metros, while wholesale cash-and-carry being limited to smaller towns and cities, at least for the...

Union Finance Minister Pranab Mukherjee presented Budget 2011-12 in Parliament on Monday promising to stimulate growth and bring down inflation. Admitting that food inflation remains a matter of concern, Pranab said that the economy could have performed better. He said that the development needs to be more inclusive while announcing increased outlay on social sector schemes. "Total food inflation is down from 20.2 per cent last year to 9.3 per cent...

Nandan Nilekani-led Technology Advisory Group for Unique Projects (TAGUP) on Friday submitted its report to finance minister Pranab Mukherjee suggesting systematic change in the way key projects are incubated and executed. The report has mooted the idea of a "mission leader" for every project and a dedicated mission execution team. "Strong support from the top leadership within government, dedicated team at the level of project implementation and ownership and commitment at various...

When it comes to paid news, there's silence because, while Ashok Chavan might stand accused, it is the media who are on trial. The year 2010 saw journalists, their associations and unions hold more conferences and seminars on one professional issue than any other. And it wasn't on the Wage Board or the Radia tapes. Hundreds of journalists across the country attended these meetings. Dozens stood up and spoke of their...