In the backdrop of the Comptroller and Auditor General's scathing reports on award of 2G telecom licences and projects related to the Commonwealth Games, an extra-cautious Ministry of Home Affairs is seeking the audit of the processes of the proposed Rs 30,000-crore housing project for the paramilitary forces by the country's statutory auditor. This would be the first instance of pre-award scrutiny by the CAG. "We have received the reference,"...

The Mamata Banerjee government wants the Centre to include in the draft National Land Acquisition and Rehabilitation and Resettlement Bill provisions of the Bengal’s land ceiling law, which caps holdings by industry at 24.88 acres. State cabinet sources also said the government would not accept any special economic zone (SEZ) and ask the Centre make its position clear on such enclaves, which typically require large tracts, in the bill. The recommendations were...

Orders Environment Impact Assessment study in the area The Supreme Court, which earlier suspended mining operations in the Bellary area, on Friday partially lifted the ban and allowed the public sector National Mineral Development Corporation to undertake mining in two leases to cater for the domestic market. The Forest Bench of Chief Justice S.H. Kapadia and Justices Aftab Alam and Swatanter Kumar, however, rejected the plea by a private miners' association that...

-The Times of India   It was not just private sector firms that made a killing out of the Commonwealth Games held last year. In a clear sign of how even Public Sector Units viewed the Games as a windfall, the Comptroller and Auditor General has found that Electronics Corporation of India Ltd (ECIL) made huge profits out of its contract for Integrated Security System (ISS) for the Games. Given on a "nomination...

A host of steel-manufacturing units are keen to set up plants in Karnataka, and all want captive mines. SOUTH KOREA'S Posco is not the only steel-maker keen to do business in Karnataka. The State's estimated 9,000 million tonnes of good-quality iron ore reserves, which is the second largest in India, the State government's assurances on a smooth land acquisition process, the availability of water and the promise of speedy regulatory clearances...