The Comptroller and Auditor General's final report on allocation of coal blocks between 2004 and 2009 without auction is expected to peg the value of "undue benefits" that the government extended to private entities alone at more than Rs 1.8 lakh crore, sources have indicated. The last draft of the report, first reported by TOI on March 22, had said the government extended undue benefits of Rs 10.67 lakh crore by...
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CAG rips into Isro for Devas deal, clears PMO
-The Times of India India's space agency Isro bent rules for private firm Devas to sign a deal for multimedia services, projecting a paltry Rs 1,120 crore revenue over a 12-year period that would not even have covered the cost of launching two satellites for the promised service, the Comptroller and Auditor General (CAG) has said. In a report submitted to Parliament on Tuesday, the official auditor gave the Prime Minister's Office...
More »Why drought reigns eternal-Sunita Narain
It is mostly caused by deliberate neglect and designed failure of the way we manage water and land It’s drought time again. Nothing new in this announcement. Each year, first we have crippling droughts between December and June, and then devastating floods in the next few months. It’s a cycle of despair, which is more or less predictable. But this is not an inevitable cycle of nature we must live...
More »Business proving disastrous in policy on food & agriculture
-The Economic Times Ashok Gulati, chairman of the Commission for Agricultural Costs and Prices, warns that India will have a record food grain stock of 75 million tonnes by June when wheat procurement for the year would be over. A third of it would be stored in the open, and vulnerable to damage from rain, as covered storage capacity is only 50 million tonnes. If these stocks are not run down...
More »MGNREGA expansion by May 8: Ramesh
-PTI Union Rural Development Minister Jairam Ramesh today said about Rs 1 "I am going to announce in Parliament on large scale expansion in the work schedule of MGNREGA by May 8. (Planning Commission member) Mihir Shah-headed expert committee recommendations are accepted (in this regard)," Ramesh said at a press conference here. "One of the important additions is Souchalaya (toilet system), in which Rs 1,200 crore could be allotted, he said and added...
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