In what is expected to add more teeth to the investigation into the multi-thousand crore foodgrain scam in UP, the Enforcement Directorate (ED) on Tuesday decided to join the CBI investigation. The Allahabad HC had on Friday asked CBI to join the probe into the unprecedented foodgrain pilferage in UP between 2004 and 2007 when Mulayam Singh Yadav was the chief minister. The case relates to the smuggling of grain meant...
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NDTV juggles funds, shares abroad, avoids tax by Joyeeta Basu
NDTV, through its foreign subsidiaries, is suspected to be indulging in gross violations of Indian tax and corporate laws. NDTV Network Plc, UK was set up in November 2006. Its balance sheets were not filed in India. This company has raised and invested huge sums of money in its subsidiaries, NDTV Imagine (now sold), NDTV Lifestyle, NDTV Labs, NDTV Convergence and NGEN Media Services. The main activity of the company...
More »Dr MS Swaminathan, NAC member and the father of India's Green Revolution interviewed by Rupashree Nanda
Dr MS Swaminathan, NAC member and the father of India's green revolution talks to Rupashree Nanda on the food security legislation, the neglect in creating storage infrastructure and ideas like outsourcing food security issues. Rupashree Nanda: The main reason for the NAC climb down from the promised universal PDS to targeted PDS was the stated non - availability of foodgrains. Would you agree to that argument? Isn't there is not enough...
More »The Brave New World of the Glass House by Prabir Purkayastha
What does the Niira Radia tapes, Wikileaks and whole body scanners have in common? It is the end of privacy both for the public individual or the private one. For the public individual, every thing that they speak or write can now be put in public domain. A quarter of a million cables from US Embassies around the world, some of them marked highly confidential are now public. So are...
More »India Stocks Sink on Telecommunications Scandal by Heather Timmons
A widening corruption scandal that has touched India’s prime minister sent the country’s stock markets down sharply on Friday and threatened to tarnish the country’s image as a rising economic power. Setting off the turmoil was a report from the country’s auditor earlier this week that about $40 billion in wireless spectrum license fees had been squandered by the government’s telecommunications and information technology minister. On Thursday, India’s Supreme Court criticized...
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