-The Business Standard Beni Prasad Verma is wrong. Food inflation hurts more than 70% of Indian farmers Poor Beni Prasad Verma! In Lucknow on Monday, Mr Verma, who is the Union minister for Steel, spoke not on Steel, but on inflation — and kicked up a row that his government, already under stress, could have easily done without. Mr Verma argued that higher prices for agricultural goods meant more gains for India’s...
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CAG reports, instead of shedding light, increasingly spread confusion
-The Economic Times The three reports of the Comptroller and Auditor General (CAG) on coal, ultra-mega power projects and airports, playing out in the public discourse as major indictments of corruption and of the government, serve only to spread confusion and convert infrastructure building into a political battleground. The reports are ill-informed by commercial logic, sometimes deficient in factual detail. However, since they bear the authority of a constitutional body, the...
More »Posco land acquisition to resume in 15 days-Sadananda Mohapatra
-The Business Standard The Odisha government has decided to resume the land acquisition process for South African Steelmaker Posco’s project, which was stalled indefinitely in June last year following protests by villagers and Left leaders. The decision was taken in a meeting convened by Chief Secretary B K Patnaik on 16 August, where officials of the Central Revenue Division Commissioner, Posco-India, Jagatsinghpur district administration and Industrial Infrastructure Development Corporation of Odisha (Idco)...
More »BJP-led Chhattisgarh, Rajasthan opposed competitive bidding-Sujay Mehdudia
-The Hindu The Bharatiya Janata Party and other opposition parties are crying foul over Prime Minister Manmohan Singh’s alleged involvement in the coal blocks allocation scam but the BJP-led Chhattisgarh and Rajasthan governments themselves were among the strong opponents to a transparent process of competitive bidding, and pitched for continuing the policy of allocation of coal blocks. Documents with The Hindu show that the BJP governments were against putting in place an...
More »Auditor triple whammy hits govt in Parliament
-The Indian Express Three new reports by the Comptroller and Auditor General (CAG) of India increased the heat on the embattled government on Friday. The statutory auditor’s report on coal block allocations, implementation of public-private partnership at the Delhi International Airport and the award of ultra mega power projects (UMPP), tabled in Parliament, accused the government of indulging in favouritism, irregularities in bidding processes, and causing massive losses to the exchequer. The...
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