The government is planning a complete overhaul of the way the power sector is financed and subsidies are delivered, attempting to address a funding shortfall delaying the construction of electricity projects and worsening a chronic power deficit that threatens to sap growth in India’s energy-hungry economy.This exercise is based on a report submitted by a panel headed by Montek Singh Ahluwalia, deputy chairman of the Planning Commission, to the power...

ALMOST any night of the week, Barkha Dutt can be found under the harsh glare of television lights, asking tough questions and demanding frank answers. But last Tuesday Ms. Dutt, the most famous face of India’s explosively growing 24-hour cable news business, found herself the subject of the kind of grilling she normally metes out.Before a jury of four of her peers, she parried questions and struggled to control her...

The Radia tapes reveal the networks and routers, the source codes and malware that bind the corporate and political establishments in India. As squeamish schoolchildren know only too well, dissection is a messy business. Some instinctively turn away, others become nauseous or scared. Not everyone can stomach first hand the inner workings of an organic system. Ten days ago, a scalpel — in the form of a set of 104 intercepted...

Notice to Centre, CBI and Outlook and Open magazines The Supreme Court on Thursday decided to examine industrialist Ratan Tata's petition, which alleged that publication of the tapes of his private conversations with corporate lobbyist Nira Radia had infringed his right to privacy, and issued notice to the Union government, the CBI and the Outlook and Open magazines, seeking their response in 10 days. A Bench of Justices G.S. Singhvi and A.K....

A widening corruption scandal that has touched India’s prime minister sent the country’s stock markets down sharply on Friday and threatened to tarnish the country’s image as a rising economic power. Setting off the turmoil was a report from the country’s auditor earlier this week that about $40 billion in wireless spectrum license fees had been squandered by the government’s telecommunications and information technology minister. On Thursday, India’s Supreme Court criticized...