Retirement at 60 means a relaxed life for most people. Not so for 70-year-old P Mukundan, managing director of Servals Automation Pvt Ltd, though. He did retire from his busy business life at 60 but chose to become a social entrepreneur after that. He started a social enterprise that is 'for-profit' but that touches the lives of those who live in rural areas all over the world. In 2002, Mukundan started manufacturing...
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How India's Oil sector is mired in controversies by Ruchika Chitravanshi & Jyoti Mukul
The CBI search at V K Sibal's residence on Friday is likely to bring into the open a number of controversies that have surrounded the office of the directorate general of hydrocarbons (DGH) and the ministry of petroleum and natural gas in the two tenures of the UPA government. The searches were a tipping point in allegations against Sibal, a former director general of hydrocarbons whose tenure started in 2004 under...
More »Hawk On His Perch by Lola Nayar
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...
More »Vinod Rai, Comptroller and Auditor General (CAG) of India interviewed by Lola Nayar
The man in the hot seat, the Comptroller and Auditor General (CAG) of India says he’s never faced political pressure on any audit. The man in the hot seat, the Comptroller and Auditor General (CAG) of India, Vinod Rai, says he’s never faced political pressure on any audit. On the 2G scam, he says his report clearly says the “amount of loss can be debated”. And it was the petroleum...
More »Delayed rains may hit sowing across West india by Madhvi Sally, Rituraj Tiwari & Jayashree Bhosale
Delayed monsoon rains in Gujarat, Maharashtra and Rajasthan are expected to impact the sowing of key crops such as cotton, groundnut, soybean, moong, urad, tur, seasum and potato. Farmers who had prepared the land in the hope of rains by June 15 are worried. According to the India Meteorological Department , monsoon is likely to remain subdued over the three states. AB Majumdar, deputy director general meteorology, Pune, said, "Rainfall will...
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