Reserve Bank of India Governor D. Subbarao on Thursday deposed before the Public Accounts Committee (PAC), which is looking into the Comptroller and Auditor General (CAG) report on the 2G spectrum allocation scandal. PAC chairman Murli Manohar Joshi said the committee had some questions to ask related to Dr. Subbarao's stint as Finance Secretary in 2007-08 just before he became RBI Governor. At a previous meeting of the PAC, another former...

When it comes to paid news, there's silence because, while Ashok Chavan might stand accused, it is the media who are on trial. The year 2010 saw journalists, their associations and unions hold more conferences and seminars on one professional issue than any other. And it wasn't on the Wage Board or the Radia tapes. Hundreds of journalists across the country attended these meetings. Dozens stood up and spoke of their...

After Raja, Behura and Chandolia, the heat's now on the new 2G licencees which have benefited from the telecom scam. Fear stalks the telecom industry that the CBI may now zero in on promoters and senior executives of some companies. The CBI FIR of October 2009 says, "Certain officials of DoT entered into a criminal conspiracy with certain private persons/companies and misused their official position in grant of Unified Access Service...

Former DoT Secretary Behura and Raja's aide Chandolia also taken into custody, to be produced in court today The Central Bureau of Investigation on Wednesday arrested the former Union Communications and Information Technology Minister, A. Raja, and two officers who had worked under him, for their role in the grant of licences and allocation of 2G spectrum during 2008 in violation of established guidelines and procedures. Mr. Raja (47), as well...

The public interest outweighs private interest and even assuming that there are some so-called private conversations in the Niira Radia tapes, their publication could not be challenged, Outlook magazine told the Supreme Court on Wednesday. In its response to the notice on industrialist Ratan Tata's petition questioning the publication of the tapes on the ground that his right to privacy had been violated, the magazine said: “There are no conversations that...