-Outlook To protect BPL families from possible price rise, the Cabinet Committee on Economic Affairs (CCEA) today gave its approval for selling imported pulses and edible oil at subsidised rates through ration shops. The CCEA also approved an outlay of Rs 884 crore for computerisation of public distribution system (PDS) that is aimed at, among other things, elimination of bogus ration cards. Announcing the decisions, Finance Minister P Chidambaram said, "The CCEA today...
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Accounts of PSU oil companies under scrutiny -Siddharth
-The Times of India The finance ministry has ordered a scrutiny of the books of oil marketing companies to see if the under-recoveries stated by them are in order or not. The move was initiated at the behest of finance minister P Chidamabram, who asked his officers to look into the issue even before diesel prices were raised and a cap on subsidized cooking gas cylinders was announced last week. The exercise...
More »Disclosing - and concealing
-The Business Standard Make politicians' asset disclosures clearer, and follow up In an important move towards transparency, Prime Minister Manmohan Singh last year reminded his council of ministers to declare their assets, movable and immovable, and said that the declarations would be put up online. Declarations for 2012 are now online and these should be welcome. But they also reveal that many lacunae remain in terms of full and clear disclosure. The...
More »Birla trust tops in political donations
-The Times of India Unwilling to risk their futures to political vagaries, corporate houses tend to hedge their bets and contribute to political parties across the spectrum. Data analyzed by the Association for Democratic Reforms and the National Election Watch has found that the trust which made the maximum contributions to political parties is the General Electoral Trust of the Aditya Birla Group, with Rs 36.46 crore to the Congress between 2003-04...
More »Ratings row-Sagnik Dutta
-Frontline The NDTV suit against a media research firm highlights the need for an independent, neutral system of monitoring TV viewing. AS a legal battle between NDTV and TAM Media Research is about to take off in the New York Supreme Court, broadcasters and advertisers in India are going all out to voice their criticism of the methodology adopted by TAM. NDTV filed a suit in the New York State Supreme Court...
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