Also failed to notice how his predecessor misled the Prime Minister Communications and IT Minister Kapil Sibal might have termed the Comptroller and Auditor-General of India (CAG)'s calculation of loss to the exchequer from underpricing of 2G spectrum “utterly erroneous,” but he has completely ignored other scenarios presented by the auditor where new operators made crores by selling their stakes to global telecom giants or were themselves ready to pay more...

Export of sugar, hike in Above Poverty Line price under Public Distribution System put on hold A meeting convened by Prime Minister manmohan singh on Tuesday to discuss inflation and ways to tackle it, particularly the zooming prices of onion, vegetables, fruits, eggs and milk, remained “inconclusive,” official sources said. The Ministers concerned will meet Dr. Singh again in a day or two to come up with measures to tackle food...

One more effort to make government reconsider objections The Sonia Gandhi-headed National Advisory Council (NAC) has decided to stick to its recommendations made on the draft National Food Security Bill at its meeting on October 23 last, though these have been rejected by a government committee led by C. Rangarajan, who heads the Prime Minister's Economic Advisory Council. The committee was constituted by Prime Minister manmohan singh to examine the feasibility of...

When manmohan singh wrote to the Sonia Gandhi-led NAC on December 31, rejecting its recommendations to increase minimum wages paid under the NREGS, he had referred to a “consensual view” that emerged from ministries involved. Gandhi had written to the PM in November that workers under NREGS were being paid less than the minimum wage  in some states. “This is a totally unacceptable situation and needs to be corrected at...

Indian Prime Minister manmohan singh has held a cabinet meeting to tackle spiralling food prices. Finance Minister Pranab Mukherjee, Home Minister P Chidambaram and Food and Agriculture Minister Sharad Pawar were among those at the talks in Delhi. The soaring price of vegetables, milk and other eatables in the past month have taken food inflation to 18.32% - the highest in more than a year. The agriculture minister has said the crisis is...