-The Hindu Minister has been resisting Mukesh Ambani on gas prices, audit S. Jaipal Reddy — the minister who took on Mukesh Ambani in a regulatory battle on gas prices that saved the exchequer thousands of crores of rupees — is set to be divested of the crucial Petroleum and Natural Gas portfolio, The Hindu has learnt. Mr. Reddy, who took over from Murli Deora in January 2011, resisted and then rolled back...

-The Hindu The Delhi Police Crime Branch plans to soon summon those named in the extortion case registered against Zee TV on a complaint by Jindal Steel and Power Limited alleging that Rs.100 crore was demanded in the form of advertisements to dilute the campaign launched by the news channel against the business group in connection with the alleged coal block scam. The Crime Branch has already sent the recordings of at...

-Outlook Expressing concern over complaints of corruption in MGNREGA projects, Union Rural Development minister Jairam Ramesh today said the government has decided to conduct audit of ten per cent of villages on a random basis every year. Speaking to reporters after participating in 'Nirmal Bharat Yatra' at a village near here, Ramesh said, "I am concerned about complaints of corruption in Mahatma Gandhi National Rural Employment Guarantee scheme from various states. At...

-The Times of India The income tax department on Thursday carried out searches on the offices of infrastructure major GMR, which has developed the Delhi international airport among several other large projects. Officials said searches were undertaken across several GMR offices in Delhi, Bangalore and Hyderabad on suspicion that the company had not disclosed all financial information. The operations were underway till late in the evening but details were sketchy. The order...

-The Times of India Comptroller and Auditor General Vinod Rai on Monday defended his audit reports and said they were carried out with objectivity and in a professional manner. "To ensure that our professional and personal conduct is above reproach, we have adopted a code of ethics comprising the general ethical requirements of integrity, objectivity, professional secrecy and competence," he said addressing an accountants general (AGs) conference in the Capital. The three-day conference...