-The Business Standard Deconstructing the numbers shows companies have bid smartly to get the best deals The recently concluded sale of 1,800-MHz spectrum through auction to telecom service operators, or telcos, has been declared a damp squib for two reasons: One, only five telcos participated in the auction; and two, the bids added up to Rs 9,407 crore, which was less than a third of the Rs 30,000 crore the government had...

-The Business Standard Worryingly, Investment in clean energy declines  Global Investment in clean energy will decline perceptibly this year for the first time in eight years, signalling an unwarranted complacency in the fight against climate change. A report by Bloomberg New Energy Finance says funding for renewable energy generation in the first three quarters of this year was $164.2 billion, down from last year’s $196.4 billion. The downturn is the steepest at...

-Agence-France Presse Rural Development Minister Jairam Ramesh has said that the country's public health system had "collapsed" in a blunt assessment of his government's failure to extend a social safety net for the poor. Mr Ramesh, known as a maverick with often outspoken views, stressed that 70 per cent of spending on health was out of people's own pockets, making it the single most important reason for indebtedness in rural areas. "We all...

-The Hindu The wretched outcome of the 2G spectrum auctions, netting just Rs.9,407.64 crore against a Rs.40,000 crore revenue target, has evoked predictable reactions from the Congress party. Its leaders have indirectly mocked the Comptroller and Auditor General, the Supreme Court and the media for tying the government’s hands — instead of expressing concern about the impact of the failed auctions on investor confidence and India’s worrying fiscal deficit. Their gloating...

-The Hindustan Times An uneasy combination of the BJP, the Left and the estranged UPA ally, the Trinamool Congress, is set to provide fireworks during the winter session of Parliament beginning next week. The issue: The government’s decision to allow foreign direct Investment (FDI) in retail sector through an executive decision. At least 15 MPs belonging to the BJP-led NDA, Trinamool and Left parties had till late Wednesday evening served notices under...