-The Hindustan Times The UPA government, staging a comeback through economic reforms after months of being on the back foot, got another boost after the Supreme Court said that auction was not the only method allowed in allocating natural resources. Prime Minister Manmohan Singh's government has been rocked by criticism that it handed out telecom spectrum and coal fields at an alleged loss of Rs. 3.6 lakh crore to private players instead of...

-The Times of India The government on Thursday seized upon Supreme Court's ruling that auctions are not mandatory for allocating natural resources as a validation of its stand against the comptroller and auditor general's (CAG) findings in the 2G spectrum and Coalgate cases. Talking to media after the verdict, telecom minister Kapil Sibal and law minister Salman Khurshid welcomed the judgment, suggesting it had vindicated the government's position. Sibal said all constitutional authorities...

-The Times of India The Planning Commission may drop reference to crony capitalism in the plan document after protests from some ministers who are of the view that any mention would be a tacit acknowledgment of the existence of the practice. Besides, it has suggested "transparent auction" of natural resources as the solution, something that the government is not willing to accept as the one-size-fits-all approach for all sectors. Apart from crony capitalism,...

-The Hindu The work of India’s supreme auditor cannot be put through an audit unless the institution itself initiates one The relentless campaign against the Comptroller and Auditor-General, of an unprecedented ferocity, compels me to write again on the subject. First, has the CAG caused a political and constitutional crisis, as some have argued? All that the CAG does is to submit audit reports. Any audit report, if it is a good report,...

-The Times of India Chief Justice of India (CJI) S H Kapadia on Saturday joined the debate on the CAG's estimate of "windfall gains" for private players in the coal block allocation scam, suggesting such assessments may not be accurate. "People should be educated on economics as well to understand that these irregularities should be understood from the point of loss, which was a matter of fact, and not from profit angle,...