The editorial, Not a wealth of information (Our Take, March 19), was a correct description of what WikiLeaks has revealed about how India's foreign affairs and political establishments work. However, one sentence needs to be commented on, and that is its recommendation for setting up "a commission to look into the idea of public funding of political campaigns". This reveals how short our public memory is. Three learned groups have laboured...
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Buffett seeks higher FDI in Indian insurance sector
Wants limit to be raised to 49% Keen to enter the growing insurance sector, U.S. billionaire Warren Buffett on Friday wondered if India would raise the FDI limit in the sector to 49 per cent. The U.S.-based company is keenly watching the developments regarding further opening of the sector to foreign investment. Mr. Buffett, whose group Berkshire Hathaway recently entered the Indian insurance market, called on IRDA Chairman J. Harinarayan here and...
More »Information on corruption can't be withheld under RTI Act: CIC by J Venkatesan
Information on allegations of corruption is not excluded from disclosure under the Right to Information Act, the Central Information Commission (CIC) has held. The information could be furnished by applying the severability clause under Section 10, Information Commissioner Sushma Singh said in an order passed on an appeal filed by Vishwanath Swami, a social activist of Chennai. Seeking information on every purchase made by the Narcotic Control Bureau for office modernisation...
More »Tax returns expose Rs. 600-cr. illegal iron ore transactions by Bageshree S
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...
More »Devil In The Retail by Lola Nayar
By all indications, FDI in multi-brand retail is a fait accompli. Or so we have been told time and again by everyone, the PM downward. The “question is at what point of time it should be done”. This remark from Pranab Mukherjee in a post-budget TV interview may have revealed that the debate has moved beyond whether to permit FDI in multi-brand retailing—the lifeline of small- and medium-sized neighbourhood stores....
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