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Fuel pricing reforms expected with Manmohan Singh taking additional charge of Finance Ministry-Rajeev Jayaswal

Prime Minister Manmohan Singh's direct involvement in the finance ministry has renewed reform vigour among officials, who plan steps to reform fuel pricing and accelerate domestic oil exploration, government and industry officials said. According to officials fuel pricing reforms are expected after mid July post Presidential poll, which would include a hike in diesel rates by atleast Rs 3 per litre and limiting highly subsidized cooking gas cylinders to four refills...

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Four National Advisory Council members dropped from panel-Nitin Sethi

-The Times of India The UPA is likely to rejig the Sonia Gandh-led National Advisory Council(NAC) with four members of the government think-tank for social sector reforms — Jean Dreze, M S Swaminathan, Harsh Mander and Madhav Gadgil — being dropped at the end of their second year tenure. Dreze, an economist and one of the most prominent faces of the NAC, who had strongly advocated for a universal food security, had...

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e-Payment must for public sector banks from July 1-Dheeraj Tiwari

The finance ministry has asked state-run banks to stop making payments to their customers through cheques from July 1 and to "migrate totally" to electronic payment channels, a move aimed at cutting costs in a sluggish economy.  In a circular issued to chairmen of public sector banks and regional rural banks, the ministry said all payments to customers, staff, vendors and suppliers as well as disbursement of loans and payments towards...

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Government's e-office plans tied in red tape, files go up in flames-Vikas Dhoot & Harsimran Julka

-The Economic Times Heaps of dusty files continue to grow in government buildings and sensitive papers are mysteriously lost, leaked or dramatically reduced to ashes in fires while the six-year-old plan to modernise and digitise governance remains tied up in what it should eliminate - red tape. The latest casualty was the Union home ministry, where a fire was reported on Sunday, days after a blaze engulfed Mumbai's Mantralaya, killing people and...

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Special Act dilution worry for army-Sujan Dutta

The army is bristling at a fresh move in the government to dilute or revoke the Armed Forces Special Powers Act. The AFSPA gives the army extraordinary powers in Jammu and Kashmir and the Northeast to enforce law and order in aid of the civilian authority. The army is particularly concerned about proposals floated from the Union home ministry to make it mandatory for soldiers to seek permission from a civilian authority...

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