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CVC asks CBI to look into coalgate amid Anna-PM spat

-The Times of India The Central Vigilance Commission has asked the CBI to examine a complaint about alleged losses suffered by the public exchequer in the allocation of coal blocks between 2006 and 2009, in what can potentially be fodder for civil society as well as the opposition seeking to attack the government over Coalgate. Although the complaint of BJP MPs Prakash Javadekar and Hansraj Ahir was forwarded by the CVC to...

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GoM gives green signal to Chhatrasal, Mahan coal blocks

-The Economic Times The government has removed roadblocks to coal mining by leading business houses and taken the first step to relax scrutiny of corporate expenditure on oil and gas fields, in a burst of action that has cheered investors and industrialists in the languishing energy sector. A group of ministers recommended to the cabinet on Wednesday that Reliance Power's Chhatrasal block, which is attached to the 4,000 mw Sasan Ultra Mega...

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With slowing growth, people are now questioning the long-term Indian story

-The New York Times India's coalition government just celebrated the third anniversary of its tenure with a self-congratulatory banquet that could not have been more poorly timed: India's currency, the rupee, is falling; investment is down; inflation is rising; and deficits are eating away at government coffers. While short-term growth has slowed but not ground to a halt, India's problems have dampened hopes that it, along with China and other non-Western economies,...

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Economic benefits must reach Adivasis: Jairam-Prafulla Das

Maintaining his pro-Adivasi approach, Union Rural Development Minister Jairam Ramesh on Monday said the time had come to make changes in the country's economic policy keeping the interests of the Adivasi population in view. “Though the country has achieved enough economic progress, the benefit of our economic policy has not reached the Adivasi people so far. The injustice done to the Adivasis needs to be corrected with concern and care,” Mr....

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Antidote to World Bank prescription-K Subramanian

A scholarly study of corruption in the larger context of societal growth and development Corruption is no longer a word and has become a noise. Debates on corruption have reached high decibel levels and the world is no closer to solutions. Given the complexity, there are as many views as there are participants. Some speak from high moral pedestals like those from the rich, donor countries. It is no surprise that...

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