The Prime Minister’s Office has given direct orders to top officials of Sharad Pawar’s department to get cracking after the food minister said it would take “two to three weeks” for onion prices to stabilise. Sources said an annoyed Manmohan Singh has conveyed to Pawar that the time frame set by the minister is too long, especially since prices have skyrocketed within a week. Expressing deep concern over the “extraordinary price rise...
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Interest-free banking urged
Indian Centre for Islamic Finance delegation makes presentation at Yojana Bhavan The Indian Centre for Islamic Finance (ICIF) has made out a strong case before Prime Minister's Economic Advisory Council member V. S. Vyas for introducing interest-free banking in the country at the earliest to ensure “inclusive growth with innovation” in accordance with the recommendations of the Planning Commission's Raghuram Rajan Committee. An ICIF delegation from New Delhi, led by its general...
More »Supreme Court asks A-G to produce copy of complaint against Radia
The Supreme Court on Monday asked Attorney-General G.E. Vahanvati to produce in a sealed cover a copy of the complaint received against corporate lobbyist Niira Radia, which formed the basis for the Income-Tax Department to tap her telephonic conversations.A Bench comprising Justices G.S. Singhvi and A.K. Ganguly said this to the A-G after perusing the Centre's counter-affidavit in the petition filed by industrialist Ratan Tata, alleging that the publication of...
More »A primer on the CAG by MV Kali Prasad
The Comptroller and Auditor General of India is a Constitutional Authority set up by the Constitution of India. Provisions of the CAG are contained in Article 148 (Comptroller and Auditor General of India), 149 (Duties and powers of the CAG), 150 (Form of accounts of the Union and of the States), and 151 (Audit reports) of the Constitution. He draws a salary equal to the judge of the Supreme Court.POWERS...
More »India needs to spend more on healthcare: Robert Yates by Aarti Dhar
Appreciating the country's commitment towards universalising health coverage for the people, health economist Robert Yates has said the country needs to increase its public spending on health either by health insurance schemes or taxation.“The entire exercise of constituting a high-level expert group on universal health coverage that India has undertaken has been done at an appropriate time when the economy is growing and the country is getting wealthier as a...
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