-The Hindu Court rulings on freebies, elections and caste-based rallies, and the CIC order on political parties are a beginning towards cleansing politics but whether they can achieve the desired result is debatable The slew of judgments from the higher judiciary in the period of just about a month or so has been like manna from heaven on the parched earth of electoral reforms. First, the Supreme Court frowned upon freebies, which...
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Walmart's investment in Cedar violates FEMA, RBI rules: CBI -Rasul Bailay
-The Economic Times NEW DELHI: The Central Bureau of Investigation (CBI) has said Walmart's $100-million investment in Cedar Support Services, the holding company of Bharti Retail, in 2010, violated India's foreign exchange rules as well as Reserve Bank of India (RBI) guidelines but said as these violations did not fall within its purview, it cannot investigate the matter. "The case was analysed which reveals violations of RBI guidelines and Fema regulations," the...
More »Another PIL on Sashi Kant Sharma as CAG
-The Times of India NEW DELHI: Former chief election commissioner N Gopalaswamy and ex-Admirals R H Tahiliani and L Ramdas along with six other eminent persons on Monday petitioned the Supreme Court challenging appointment of former defence secretary Sashi Kant Sharma as the Comptroller and Auditor General (CAG). This is the second PIL within a fortnight, and follows one filed by advocate M L Sharma, who, too, had challenged the discretion vested...
More »Coalgate: CVC seeks report from CBI on govt interference in probe
-PTI The Central Vigilance Commission (CVC) has sought a detailed report from the CBI over the Centre's interference in its investigation into the coal blocks allocation scam. The CBI has also been asked to submit its latest status report on the case to the commission, official sources said on Thursday, adding the CVC has taken cognizance of reports citing interference in CBI's probe in the coal blocks allocation case. The move came after...
More »Vinod Rai, Comptroller & Auditor General interviewed by The Business Standard
-The Business Standard Comptroller & Auditor General Vinod Rai, who has put the government on the mat several times in the past three years, says an auditor is meant to be adversarial. On the sidelines of the inauguration of the International Centre for Environment Audit and Sustainable Development in Jaipur on Saturday, Rai, whose term as the CAG ends on May 22, spoke to journalists about his stint, retirement plans and...
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