The Comptroller and Auditor General has alleged that the union power ministry gave “undue benefit” of Rs 1.20 lakh crore — calculated over the next 25 years — to Reliance Power Ltd (RPL) in the ultra mega power projects (UMPPs) at Sasan in Madhya Pradesh and Tilaiya in Jharkhand. In its report sent to the power ministry last month, the CAG has argued that the government did so by changing coal...
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A Mixed Bag
-The Times of India The Mines and Minerals (Development & Regulation) Bill, cleared by the cabinet last week, signals that the government`s heart is in the right place. Under its provisions, coal firms must share 26% of their net profits with project area residents, while non-coal miners will have to provide them a sum equal to royalty paid to state governments. No system is in place at present to properly compensate...
More »Developing SEZ in backward areas to fetch you incentives like wider tax Concessions and lowering minimum area ceiling by Amiti Sen
The government is mulling a raft of incentives for special economic zone developers to encourage them to move away from urban centres and focus on economically backward regions. A senior official in the commerce ministry said SEZ developers might get wider tax Concessions if they build economic hubs in underdeveloped areas. The government may also lower the minimum area ceiling to ease land acquisition by them, the official said. These incentives...
More »The false Gandhi by Salil Tripathi
Gandhi’s struggle was to get Indians to choose their destiny, not letting a moralist to decide on their behalf During the 12 days of melodrama when India apparently solved the problem of corruption, one claim Kisan Baburao Hazare’s followers consistently made was that his fast was a non-violent, Gandhian protest. If Mohandas Gandhi could go on a fast-unto-death to force a government to relent, so could Hazare. Hazare’s media-savvy handlers ensured that...
More »Voice of silent majority
-The Business Standard There are victors and vanquished only in a war. In a genuinely political engagement everyone must emerge a winner. That is made possible only through compromise, through “give and take”. Through his reasonable statement in Parliament, Prime Minister Manmohan Singh has opened the door to an honourable compromise between the government and civil society on the issue of the Lok Pal Bill. Dr Singh only stated the obvious...
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