The only difference is in revenue loss, which the investigating agency CBI put at Rs.30,984 crore The Central Bureau of Investigation's first charge sheet in the 2G spectrum allocation scam is almost identical to what the Comptroller and Auditor-General of India (CAG) said, except for the figure of revenue loss, which the CBI has put at Rs.30,984 crore. The CBI agrees with the CAG audit findings that the former Telecom Minister, A....
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Green revolution for East goes West by Sanjeeb Mukherjee
The government’s programme to usher in a green revolution in West Bengal, Assam, Orissa, Bihar, Chhattisgarh, Jharkhand and eastern Uttar Pradesh will see a key change in the next financial year. The allocation of funds, which was more skewed towards West Bengal so far, will now shift towards eastern Uttar Pradesh, according to guidelines framed for implementing the scheme. Officials said this was largely because a new component of wheat had been...
More »Dr Arvind Virmani, Affiliate Professor (& Distinguished Senior Fellow), George Mason University (School of Public Policy-CEMP), and Executive Director, IMF interviewed by TCA Srinivasa-Raghavan
Given a positive regulatory environment, banks and other financial intermediaries will certainly be interested in using the smart card opportunity. Dr Arvind Virmani, with a Ph.D. from Harvard and 30 years of professional experience, is one of the most valued economists in the Government. Before he retired as Chief Economic Advisor in 2009, he had served in the Finance Ministry and the Planning Commission. A researcher par excellence, his research papers...
More »Maheshwar dam brings Digvijay, BJP together by Mahim Pratap Singh
In letters to Prime Minister, he pitches for the project to continue and vouches for rehabilitation Digvijay urged Manmohan to get Environment Ministry to withdraw order suspending work He also said the State had made substantial progress in rehabilitation While he seldom misses an opportunity to attack the ruling Bharatiya Janata Party government in Madhya Pradesh, documents recently accessed through the Right to Information Act show that the former Chief Minister and AICC...
More »Subsidising healthcare
The union finance ministry’s decision to partially subside capital investment in healthcare and education by extending the “viability gap funding” facility to these sectors is welcome as they are vital areas of social infrastructure, which are no less important than roads and bridges. But every sector has its own complexity and the nuancing that the health ministry has sought for such subsidy to healthcare infrastructure needs serious attention. The ministry’s...
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