-PTI Flaying post-bid concessions to Reliance Power, the CAG today said the Anil Ambani-led firm got undue benefit of Rs 29,033 crore when the government allowed use of surplus coal from blocks allotted to Sasan power plant for its other projects. CAG in its report tabled in Parliament said subsequent to award of the 4,000 MW Sasan ultra mega power project to RPL, the government granted permission to the company to utilise...
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The Obituary of a Movement-Manu Joseph
-Open the Magazine It was good, it was brief There is a type of talented Indian who lives in the United States with his austere wife to whom he lost his virginity, and has two children who are good at spelling. He walks with a mild slouch. He is still intimidated by White waiters, but not Black waiters. In an elevator, chiefly in an elevator, he suspects he is probably small. He...
More »Cutting fuel subsidy can cause 2.6% spike in inflation: RBI chief D Subbarao
-The Economic Times Reserve Bank of India Governor D Subbarao has said the proposed elimination of fuel subsidy can lead to a massive 2.6% spike in inflation, an assessment that makes it even more difficult for the government to bite the bullet. While a hike in diesel and cooking gas prices may be long overdue, the government is hard-pressed to contain inflation ahead of crucial assembly polls in Gujarat and Himachal Pradesh...
More »Switch from farm subsidy to farm investment-Ashok Gulati
-The Economic Times With a weak monsoon, farmers and farm labour, agri-investors and policy makers, everyone is looking up in the sky and praying for more water to pour. Farm analysts are debating whether this will lead to a drop of 16 million tonnes of foodgrain, as it happened in 2009, or 38 million tonnes, as it did in 2002. NCAER is projecting 20 million tonnes drop in grain production in...
More »Kudankulam nuclear reactor to be fuelled by mid-August: Officials
-IANS Chennai: The Nuclear Power Corporation of India Ltd is hopeful of soon getting clearance from the sectoral regulator to fuel the first reactor at Kudankulam Nuclear Power Project (KNPP), a senior official said Sunday. "We had two detailed meetings with Atomic Energy Regulatory Board (AERB) Friday and Saturday. We hope to get a positive response from AERB in a week's time-by coming Saturday or Sunday," SA Bhardwaj, director (Technical) told IANS...
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