Taking a "serious view" of Shunglu Committee's findings on alleged irregularities in awarding broadcast rights of Commonwealth Games, Prime Minister Manmohan Singh on Tuesday warned of "stern action" against the guilty. "The Prime Minister has taken a serious view of the findings in the first report of the Shunglu Committee on Host Broadcasting," media advisor to the Prime Minister, Harish Khare, said in a statement. The report has been sent to Cabinet...

Senior United Nations officials today called for urgent steps to rein in the rising prices for basic farm produce, petroleum and raw industrial materials whose volatility hits the world’s poorest people the hardest.     “Such volatility has huge negative impacts on vulnerable groups, such as low-income households in developing countries, for whom food expenditure can account for up to 80 per cent of household budgets,” UN Conference on Trade and Development...

In its bid to put in place a concrete anti-corruption mechanism, the government has asked the chief justices of all 21 high courts in the country to fast track pending graft-related cases by ensuring decisions are taken within a definite time period. Following the setting up of a nine-member group of ministers (GoM) to finalise a framework to tackle corruption, law minister M Veerappa Moily, in his letter to the...

Illegality in India today touches almost every economic activity. It is both systemic and systematic. The Indian ruling class faced its severest crisis of credibility in 2010. Its past caught up with it and skeletons and scams were spilling out of its closets. The scams have a symbiotic relationship with the black economy. The number of scams is growing and so is the size of the black economy, which has reached...

Centre will bring in amendments to the essential commodities Act to achieve this purpose: Thomas Union Minister of State for Food and Civil Supplies K.V. Thomas has said the Central government will soon institute mechanisms to regulate private retail chains in the context of the fluctuating price regime and shortages in the supply of essential commodities. Addressing a ‘meet-the-press' programme organised by the Kesari Memorial Journalist Trust here on Saturday, Prof....