-The Economic Times With its draft report alleging a coal scam, duly leaked to the media, the Comptroller and Auditor General (CAG) is making a habit of choosing sensation over sense. Its allegation of loss to the exchequer in allocation of 2G spectrum colours the public discourse on the subject, but was discarded by the CBI court in the telecom case as the basis for a formal charge. Its assumption that the...
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Coalgate: CAG may stick to 'Rs 10.7 lakh crore' figure in final report; expected to soften tone
-The Economic Times The national auditor is expected to stick to its controversial estimate of Rs 10.7 lakh crore as gains accrued to companies due to allocation of coal blocks on government discretion instead of auctioning them, an official in the Comptroller and Auditor General's (CAG) office said. This is set to further embarrass the UPA government that has been mired in a series of controversies. "The report is not yet final,...
More »Jayanthi rewrites Jairam, ‘no-go’ is now ‘inviolate’ by Priyadarshi Siddhanta
Former environment minister Jairam Ramesh’s “go, no-go” policy to keep some areas out of bounds for mining is back — with a different name. The environment ministry under Jayanthi Natarajan plans to demarcate some “inviolate areas” which will not be considered for green clearances. The ministry had agreed to the recommendations of the B K Chaturvedi committee that all mining projects should be considered on merit. However, it has told a...
More »Ban mining in Western Ghats: Panel by Nitin Sethi
In what could dramatically alter economic activity in almost 45 districts across five states - Gujarat, Maharashtra, Karnataka, Kerala, Tamil Nadu - and the entire state of Goa, a panel of the Union environment ministry has recommended that mining and industrial growth be banned in more than 80 revenue blocks and strictly regulated in another 75-odd revenue blocks or talukas. It also recommended a large set of regulations on other aspects...
More »Pontius Undistilled by Lola Nayar
Liquor baron Ponty Chadha’s mercurial rise is all ‘Maya’ A reclusive liquor baron may seem like an anomaly in these never-ending good times. But Gurdeep Singh Chadha—better known by the moniker Ponty Chadha—fits the bill. Often called “Mayawati’s financier”, the 57-year-old Ponty has been making large (if silent) waves for the political patronage he enjoys in Uttar Pradesh. Any bottle of liquor sold in India’s most populous state goes through his...
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