Orissa is all set to renew its memorandum of understanding (MoU) with steel major Posco with a one-year retrospective effect by June 30th. The MoU for the proposed 12 million ton steel plant had expired on June 22, 2010 after a period of five years. State steel and mines minister Raghunath Mohanty said all formalities required for renewal of the MoU will be over shortly and the government would revalidate...
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Finance min asked to probe assets of former CJI
-The Times of India The home ministry has asked the finance ministry to conduct a probe into the assets of former Chief Justice of India, K G Balakrishnan, in what could possibly lead to action against him for allegedly possessing wealth disproportionate to his income. Sources said the ministry has written to the revenue secretary, asking him to institute an inquiry through the Central Board of Direct Taxes. "The inquiry would be...
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...
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 »Jairam loses “no-go” battle, allows coal mining in forested Hasdeo Arand
-The Hindu Blocks not actually within the biodiversity-rich region, he says Stage-I forest clearance granted to three blocks in the region Ramesh over-ruled advice of his own Forest Advisory Committee to grant approval The bastion of Hasdeo-Arand has finally been broken. One year after saying that the coalfields of this heavily-forested, mineral rich region of Chhattisgarh would never be open to miners, Environment Minister Jairam Ramesh has finally granted a stage-I forest clearance to...
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