The government plans to hike diesel prices by up to Rs 3 a litre soon after the assembly elections in five states are over next week, while an equivalent steep increase in petrol rates is also on card. "An Empowered Group of Ministers (EGoM) headed by finance minister Pranab Mukherjee is scheduled to meet on May 11 to mull on a hike in diesel prices," a top government official, refusing to...

As many as 17 top officials representing the senior bureaucracy are believed to have amassed or misappropriated nearly Rs 603 crore between 2007 and 2010. The Central Bureau of Investigation (CBI) has submitted a list of the officials under investigation to the parliamentary committee on assurances. The CBI says these officers had misappropriated funds from the exchequer and entered into criminal conspiracies by making huge illegal financial transactions. The CBI says it...

The state government on Wednesday constituted a group of ministers to examine the current system for implementation of MGNREGS in the state and suggest suitable modifications to protect the interests of rural poor labourers, apart from considering other demands of the field functionaries. Ministers who are part of the GoM include D Manikya Varaprasada Rao (rural development), V Sunitha Laxma Reddy (pensions & women development), VATti Vasant Kumar (tourism), B Satyanarayana...

The national level monitors of the Union ministry of rural development, probing irregularities into the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) received several complaints. These were with reference to the implementation of the scheme in the state, including misuse of funds by two ministers. The committee will tour different parts of the state to probe irregularities and receive complaints from aggrieved parties. While one team is in Hyderabad,...

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...