-The Times of India NEW DELHI: Launching a probe in a deal done during NDA regime, the Central Bureau of Investigation (CBI) has registered a preliminary enquiry against Vedanta Group chairman Anil Agarwal and unknown officials in connection with alleged irregularities in the disinvestment of Hindustan Zinc Ltd (HZL). Agency suspects that the loss caused to the exchequer due to the alleged irregularities runs into hundreds of crores of rupees due...
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The focus is now on the fiscal deficit -Renu Kohli
-Live Mint The big question is whether commitment made by Chidambaram-to contain fiscal deficit at 4.8% of GDP-will be met With the current account deficit in check, the spotlight is now on the second major macroeconomic problem that needs to be fixed: the fiscal deficit. The big question is whether commitment made by finance minister P. Chidambaram in the budget-to contain the fiscal deficit at 4.8% of gross domestic product (GDP)-will be...
More »Pvt sector's furtive entry into mining in tribal areas irks Deo-Nitin Sethi
-The Hindu Tribal Affairs Minister Kishore Chandra Deo has criticised the Union and State governments for disinvesting in public sector companies to permit private entities to mine in tribal-dominated Schedule V areas, calling the move unconstitutional. In a letter to Environment and Forests Minister Jayanthi Natarajan, Mr. Deo said, "Circumventing the constitutional provisions through disinvestment is being done in a stealthy manner through decisions of the government instead of adhering to...
More »Age of graft -CP Chandrasekhar
-Frontline Corruption tends to be greater in periods when there is a state-engineered redistribution of wealth in favour of a few at the explicit or implicit expense of the many. Liberalisation is one such period. IT cannot be verified and may not be true. But, the view that the record of graft and corruption during the two-term, nine-year rule of the United Progressive Alliance (UPA) is the worst in India's post-Independence...
More »Designate nodal officer to handle RTI applications: HC to MoF
-PTI Finance Ministry should appoint a nodal officer to distribute RTI applications to the concerned central public information officer for processing, the Delhi High Court has directed while upholding the order of Central Information Commission in this regard. The Finance Ministry has five departments-- Economic Affairs, Revenue, Expenditure, Financial Services and disinvestment. Each one of them have different sets of Central Public Information Officers for processing RTI applications but there is none to...
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