-The Economic Times With its draft report alleging a coal scam, duly leaked to the media, the Comptroller and Auditor General (CAG) is making a habit of choosing sensation over sense. Its allegation of loss to the exchequer in allocation of 2G spectrum colours the public discourse on the subject, but was discarded by the CBI court in the telecom case as the basis for a formal charge. Its assumption that the...
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Coalgate: CAG may stick to 'Rs 10.7 lakh crore' figure in final report; expected to soften tone
-The Economic Times The national auditor is expected to stick to its controversial estimate of Rs 10.7 lakh crore as gains accrued to companies due to allocation of coal blocks on government discretion instead of auctioning them, an official in the Comptroller and Auditor General's (CAG) office said. This is set to further embarrass the UPA government that has been mired in a series of controversies. "The report is not yet final,...
More »TRAI gets govt approval to act as civil court by Joji Thomas Philip
The apex decision-making body of the communications ministry has cleared the proposal to grant more powers to the Telecom Regulatory Authority of India (TRAI) and enable the watchdog to act like a civil court. This puts TRAI on par with the Securities and Exchange Board of India and the Competition Commission of India and permits the telecom regulator to 'summon persons, examine them on oath, demand documents and evidence on affidavits...
More »DoT clears distribution of 50 lakh tablet PCs in schools, colleges by Sandeep Joshi
In a move that will give a big push to broadband penetration in the country, the Department of Telecommunications (DoT) has cleared an ambitious plan to distribute 50-lakh tablet PCs (personal computers) to students in the next financial year (2012-13). A note containing the nitty-gritty of the ambitious Aakash-2 project is likely to be placed before the Cabinet soon. “Telecom Minister Kapil Sibal, who is also in charge of the Human...
More »Trade, bank unions call mega strike on Feb 28
-The Times of India The UPA government is bracing for a mega strike on February 28, backed by trade unions cutting across party lines, in protest against rising prices, disinvestment of profit-making PSUs and violation of labour laws among other reasons. They will be joined by around 8 lakh bank employees who are protesting against reforms and outsourcing of jobs. Almost all sectors, except railways, are likely to come to a stop...
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