-The Business Standard   Political rhetoric dominated the Federation of Indian Chambers of Commerce and Industry (Ficci) annual executive committee meet today, even as two key faces of Mamata Banerjee’s administration reiterated the government’s stance of not acquiring land for industry. “Under no circumstances will the government acquire land for the industry,” Partha Chatterjee, West Bengal’s commerce and industries minister told the industry body. Also present at the event was state’s finance...

On May 23, the president of the Congress, Sonia Gandhi, laid the foundation stone of a bridge being built across the river Ravi, linking Jammu and Kashmir with Punjab and Himachal Pradesh. Ten days later, she was in Rajasthan, inaugurating the National Rural Livelihoods Mission. For both trips she had to travel far from her place of residence, which — given her position — would have involved careful planning beforehand,...

As bank gears up for competition, it may further dilute environmental safeguard policies WITH financial institutions of emerging economies like India and China getting big time into development lending, the World Bank plans reforms to attract its borrowing countries. Some of the important plans are to disburse loans faster and on flexible terms. Bank watchers and civil society groups say the reforms, expected to be in force by the year-end, would...

Vinod Rai’s searing honesty in his job as the country’s CAG has the government in many a bind CAG Catch 1     2G Spectrum, 2010     The CAG audit over a six-year period from 2003 finds loopholes in the implementation of norms, leading to DoT allocating spectrum at 2001 prices. Estimated loss to exchequer: the now-household figure of Rs 1.76 lakh crore.     Outcome Former telecom minister A. Raja, MP Kanimozhi, telecom and...

The proposed Privacy Bill seems skewed towards the state rather than the citizen Sometimes the best of intentions can camouflage the worst of motives. On the face of it, the government’s bid to bring in a privacy bill is a welcome move, a long-overdue measure. But after an initial approach paper prepared by lawyers and bureaucrats in November last year, the government went into a secretive huddle. Now a leaked...