The West Bengal govt's role as a non-market intermediary in an essentially private land transaction is questionable The West Bengal government has passed a new legislation that transfers the land back to those who refused to accept the compensation that they were offered during the acquisition of their lands for the Tata Nano factory. The Tata group has promptly gone to court claiming that this is an unconstitutional Act. Surely one...
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Twelve nations and European Union join UN protocol on sharing genetic resources
-The United Nations Twelve nations and the European Union today added their signatures to a United Nations treaty on the equitable sharing of the planet’s genetic resources in a ceremony at UN Headquarters. Representatives from Austria, Bulgaria, the Czech Republic, Denmark, Finland, Germany, Hungary, Italy, Luxembourg, Netherlands, Sweden, United Kingdom and the European Union signed the Nagoya Protocol on Access and Benefit Sharing, which calls for “fair and equitable sharing” of...
More »4 pvt firms helped Kalaignar TV repay Swan's Rs 200 cr: CBI by Neeraj Chauhan
Probing the trail of Rs 200 crore, which was paid to Kalaignar TV by Swan Telecom in the 2G spectrum scam, the CBI has now reached at the doors of four private companies including UB Group and India Cements. While the names of the other two companies could not be ascertained, CBI officials said the four had facilitated payments to Kalaignar TV to help it repay Rs 200 crore to Swan. "We...
More »Food Act won't add to subsidy cost
-The Times of India The proposed Food Security Act may not put additional burden on the government in the current fiscal year as the government can find the resources to fund the plan from the spending outlined for 2011-12 , finance ministry officials said. However, the food subsidy bill could soar to as much as Rs 75,000 crore from the estimated Rs 60,572.98 crore for the 2011-12 fiscal. Finance ministry...
More »Government cold to CAG's quest for new powers by Siddharth Varadarajan
The United Progressive Alliance government may have shown a willingness to draft a new Lokpal Bill, but it is dragging its feet on a proposal to strengthen the public institution that has done so much to expose wrongdoings in public life: the Comptroller and Auditor-General (CAG). For the past two years, the CAG has been pushing the Finance Ministry — its nodal ministry — for crucial changes in the 1971 Audit...
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