-The Hindu Minister has been resisting Mukesh Ambani on gas prices, audit S. Jaipal Reddy — the minister who took on Mukesh Ambani in a regulatory battle on gas prices that saved the exchequer thousands of crores of rupees — is set to be divested of the crucial Petroleum and Natural Gas portfolio, The Hindu has learnt. Mr. Reddy, who took over from Murli Deora in January 2011, resisted and then rolled back...
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The Dark And The Sublime: The Story Of Rajat Gupta-Shaili Chopra
-Tehelka The sentencing of Wall Street wizard Rajat Gupta in the historic insider trading case has led to the fall of a one-time icon for many Indians “This is where destiny is taking me.” This is what former Goldman Sachs Group Inc director, Rajat Gupta, told old friend Pramod Bhasin, as he sat with a glass of scotch in hand, in a mid-town bar in New York. Little did Gupta know how prophetic...
More »Media, where is thy sting?
-The Hindu On the face of it, paid news may seem no more than advertising camouflaged as reports or editorials. Naveen Jindal’s shocking ‘reverse sting’ — aimed at exposing how two editors of the Zee network attempted to cut a shady deal with his company — shows that it can be much worse than this. It is a reminder of how easily the culture of paid news can lead, ineluctably, towards...
More »Jindal plays CD, claims Zee editors demanded Rs. 100 crore -Priscilla Jebaraj
-The HIndu In what’s being called a reverse sting, Jindal Steel and Power Ltd (JSPL) chairman Naveen Jindal has released video recordings which allegedly show Zee editors trying to extort Rs. 100 crore in return for the channel not airing damaging stories on coal block allocations involving his company. In a counter-offensive, Zee claims that it was JSPL which offered to pay the channel. At a dramatic press conference on Thursday, Mr. Jindal,...
More »MGNREGA badly needs overhaul-V Ramakrishnan and Mukul Asher
-The Business Standard The rural jobs scheme can boost productivity in farm and textiles sector. There is mounting evidence that Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) of 2005, under which 100 days of guaranteed wage employment a year was to be provided to target households, is failing to meet its stated objectives. The total cumulative expenditure since 2005 under the MGNREGA is officially estimated to be Rs 1,50,000 crore, and the...
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