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...

There is nothing wrong in having advisory groups. But there is a problem when groups not constituted legally cross the line of demands, advice and rights-based, democratic agitation. The 1990s saw marketing whiz kids at the largest English daily in the world steal a term then in vogue among sexually discriminated minorities: PLUs — or People Like Us. Media content would henceforth be for People Like Us. This served advertisers' needs...

On June 12, Ravi Shankar Ratnam helped Ram Krishna Yadav resume eating after Yadav had fasted for a week. This wouldn’t have made the headlines of every Indian newspaper the next morning if it hadn’t been for the fact that both men had achieved a state of demi-divinity through the tried-and-tested process of Hindu name-inflation. Ram Krishna Yadav became Swami Ramdev when he took sanyas and after his extraordinary success...

High and volatile agricultural commodity prices are likely to prevail for the rest of this year and into 2012 according to the latest analysis published today in FAO's biannual Food Outlook. The report cites a sharp rundown on inventories and only modest overall production increases for the majority of crops as reasons for continuing strong prices. The next few months will be critical in determining how the major crops will fare this...

Yoga guru Baba Ramdev currently hitting headlines for his crusade against corruption and billions of dollars Indian black money stashed in Swiss and tax heaven banks is a “big landlord”. The 47-year-old “Bal Brahmchari” Ramdev, who was born as Ramkrishna Yadav in Alipur village, district Mahendragarh (Haryana), ‘owns’ huge tracts of land, that includes 261.468 hectares (644 acres) , worth hundreds of crores at the current market rate, around his yoga...