Telecom minister Kapil Sibal today termed “utterly erroneous, baseless and sensational” the government auditor’s estimate that the alleged 2G scam resulted in a presumptive loss of Rs 1.76 lakh crore. Sibal gave a detailed explanation of the priorities that drove the telecom policy and the benefits over the years to “the aam aadmi” — something his predecessor A. Raja did not or could not articulate till now. Drawing a parallel with free...

With the prices of most of the vegetables soaring, the Income Tax sleuths on Friday carried out massive raids on the offices and godowns of the wholesale traders in onion and garlic in major cities and towns of Gujarat. The outcome of the raids that started in the morning was not immediately known, but informed sources said the idea was to check whether the wholesalers were unduly holding stocks to take...

Former Chief Justice of India K.G. Balakrishnan’s younger brother K.G. Bhaskaran, who had gone on medical leave following allegations of amassing wealth, today resigned as special government pleader in Kerala High Court. In his resignation letter, sent to advocate-general C.P. Sudhakara Prasad, Bhaskaran said he was resigning on health grounds. Prasad had earlier asked him to go on leave or quit. This is the second resignation following the media exposures on wealth...

India’s food inflation accelerated for the fifth straight week to the highest in more than a year, reinforcing fears it will spill over to broader prices and pile pressure on the Reserve Bank of India (RBI) to tighten monetary policy. Unseasonal rains have pushed up prices of vegetables such as onions and tomatoes in recent weeks, and the authorities are bracing to live with elevated price levels in the near term. Onion...

Thirty-year-old Santa Meena, a tribal woman of Saru panchayat is probably unaware that a panel headed by UPA chairperson Sonia Gandhi and the Manmohan Singh-led government are struggling to arrive at the quantity of grain that BPL families should get under the Public Distribution System. All this mother of five knows is that she has to trudge 10 km from her hamlet to the ration shop in Saru (10 km from...