-The Hindu CAG’s concept of presumptive loss flawed: Chidambaram Upset at the “unreasonable” disruption of Parliament by the BJP on the issue of allocation of coal blocks and the CAG report, the government went on the offensive on Friday, terming totally flawed the Comptroller and Auditor-General’s concept of presumptive loss and maintaining that no loss took place because the coal was still unexploited. “The policy for allocation of coal blocks has been the...
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Hear The False Ring? -Arindam Mukherjee
-Outlook Why free mobiles to BPL folks is a bad idea “Here you don’t have money to provide them food, and you are thinking of giving them phones,” scoffs a minister in the UPA government, obviously off the record. His comment mirrors the general negative reaction to the ‘Har Haath Mein Phone’ scheme mooted by the Planning Commission, which aims to provide a free mobile phone to each below the poverty line...
More »Government shreds entire Radia tapes, tells Supreme Court it’s difficult to find who leaked excerpts to media
-The Economic Times The trail of those who leaked the Niira Radia tapes could have been lost forever had not the Supreme Court decided to keep a copy with itself. The Centre on Thursday informed the Supreme Court that it has destroyed the entire Radia tapes, publication of excerpts from which threw the spotlight on ways of doing business as well as the tendency of security agencies to violate privacy of...
More »CAG challenges government to identify specific breach of constitutional mandate-Shalini Singh
-The Hindu Not only has the Comptroller and Auditor General (CAG) defended its position vis-à-vis allegations that it is exceeding its constitutional mandate, it has also been vindicated by the then former Finance Minister, Pranab Mukherjee. At an Economic Editor’s Conference in 2011, he said, “I am making it clear that I do not think the CAG is exceeding its jurisdiction, because the basic responsibility of the CAG is to identify...
More »Cash transfers to cushion subsidy cut impact: IISD Study
-The Economic Times The economic and social impact of reduction in petroleum subsidies in India will be much lower than perceived if a cash transfer system for directly subsidising vulnerable consumers is successfully implemented, studies commissioned by the Geneva-based International Institute for Sustainable Development have said. The government must, however, dismantle subsidies in a calibrated manner as vulnerable consumers will be able to adjust better if the under-recoveries are gradually eliminated, cautioned...
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