Nandan Nilekani-led Technology Advisory Group for Unique Projects (TAGUP) on Friday submitted its report to finance minister Pranab Mukherjee suggesting systematic change in the way key projects are incubated and executed. The report has mooted the idea of a "mission leader" for every project and a dedicated mission execution team. "Strong support from the top leadership within government, dedicated team at the level of project implementation and ownership and commitment at various...

Reserve Bank of India Governor D. Subbarao on Thursday deposed before the Public Accounts Committee (PAC), which is looking into the Comptroller and Auditor General (CAG) report on the 2G spectrum allocation scandal. PAC chairman Murli Manohar Joshi said the committee had some questions to ask related to Dr. Subbarao's stint as Finance Secretary in 2007-08 just before he became RBI Governor. At a previous meeting of the PAC, another former...

The United Nations Conference on Trade and Development (UNCTAD) today cautioned on rampant speculations in the global commodity markets which is fuelling unprecedented price hikes around the world, with worst effects on poor countries such as India. "Financial speculation in global commodities trade is a source for concern as it contributed to steep price hikes," UNCTAD's Secretary General Supachai Panitchpakdi said on the sidelines of a special meeting convened by UNCTAD...

A division bench of the Allahabad High Court has held that the government order issued on August 25 for holding a fresh selection for the appointment of `gram rozgar sewak' (village employment worker) after every three years, is constitutional and within the legislative competence of the state government. Through the order, the court has set aside the single judge order in a special appeal filed by the state government through...

Asia is leading afforestation activity in the world with a significant contribution from India which is adding 300,000 hectares of forest every year, a senior UN official said. "I would highlight India, which still has important population growth. The forests in India are growing at 300,000 hectare per annum," Eduardo Rojas Briales, Forestry Director of Food and Agriculture Organisation told journalists on Wednesday. According to the 'State of the World's Forests'...