The Central Bureau of Investigation on Tuesday informed the Supreme Court that it would file an 80,000-page charge sheet in the 2G spectrum allocation scam against the former Communications Minister A. Raja, four former Telecom officials and two companies on April 2. It was originally proposed to be filed on March 31. Senior counsel K.K. Venugopal told a Bench of Justices G.S. Singhvi and A.K. Ganguly that the agency was still...
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PAC summons Radia, Ratan Tata
Representatives of Swan Telecom, Reliance, Airtel and Unitech also told to appear before it The PubLIC Accounts Committee (PAC), headed by Murli Manohar Joshi, has summoned corporate lobbyist Niira Radia and Tata Group Chairman Ratan Tata for questioning on April 4 on purported irregularities in the grant of telecom LICences. The PAC has also asked representatives of Swan Telecom, Reliance, Airtel and Unitech to appear before it. A Tata spokesperson said Mr....
More »India only 4th most corrupt in Asia Pacific
India finds itself bracketed with countries like Philippines and Cambodia, rated as the fourth most corrupt nation among 16 countries of the Asia Pacific region surveyed by leading Hong Kong-based business consultancy firm PERC. The Political and Economic Risk Consultancy Ltd (PERC) rated India at 8.67 on a scale of zero to 10 with the high end being the worst case of corruption scenario and ahead of the Philippines (8.9 points),...
More »Growth as tool to alleviate poverty
The Prime Minister's focus on double-digit growth is not due to any ‘growth mania'. It is for the benefit of the poor. At a recent function for poLICe officers, the Prime Minister observed: “If we don't control Naxalism, we have to say goodbye to our country's ambition to sustain a growth rate of 10 to 11 per cent per annum.” Some commentators (like Prof Prabhat Patnaik of JNU) interpret this (in a...
More »Tax returns expose Rs. 600-cr. illegal iron ore transactions by Bageshree S
57 lakh tonnes of ore purchased from unLICensed dealers The Department of Mines and Geology has initiated proceedings to recover Rs. 600 crore from iron ore exporters for buying a staggering 57 lakh tonnes of ore from unLICensed dealers since 2003-04. According to sources in Hospet, the scam came to light when the Department of Mines and Geology tapped the offices of the Commercial Taxes Department and verified records. It was found...
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