Loss to the exchequer due to the grant of 122 licences to new entrants in 2008 was Rs.1.24-lakh crore Government lost Rs.36,000-crore in grant of dual-technology licences The government must get exact loss calculated instead of washing its hands of it The draft report of the Public Accounts Committee on the 2G scam has come out with yet another figure for the loss to the exchequer, putting it at Rs.1.90-lakh crore in the...

The Centre on Monday informed the Supreme Court that it had constituted a high level committee comprising the heads of various probe agencies and specialised departments under the aegis of the Department of Revenue to monitor the investigation of all aspects relating to black money. Solicitor General Gopal Subramaniam told a Bench of Justice B. Sudershan Reddy and Justice S.S. Nijjar that the 10-member committee, headed by the Revenue Secretary, would...

The government may approve acquisitions of local drugmakers by global firms on a case-by-case basis on certain conditions to ensure availability of medicines at affordable prices, despite calls for restrictions on such deals in the wake of a spate of takeovers in the last three years. Multinationals may have to move buyout proposals through the Foreign Investment Promotion Board (FIPB), allowing the government to understand the firm's rationale for buying a...

The search for a lily-white reformer could trip the reform itself. This is a dilemma the Bhushans need to confront THE LEGENDARY samurai have a code of being that is difficult to attain: they must be ready to do battle no matter the odds, they must have no fear of consequence, they must value honour and pride above all else, they must be benevolent and they must have no interest in...

Slogans of the “Second Freedom Struggle”, references to the political class as “kale angrez”, Anna Hazare as Gandhian and even Gandhi, the wearing of the Gandhi topi, the projection of the fast-unto-death as a Gandhian method, have all evoked linkages with the struggle for Indian Independence. Many enthusiastic TV reporters, swayed by the sight of swelling crowds, added their bit by calling it the biggest movement since Independence. Was this...