-The Indian Express One of the three formulae used by the Comptroller and Auditor General to calculate the loss to the government for selling 2G spectrum on a first-come-first-served basis was suggested by BJP leader and Parliament’s Public Accounts Committee (PAC) chairman Murli Manohar Joshi. When the team conducting the audit said they “are not on strong ground” in basing the loss on the formula suggested, they were told by CAG headquarters...
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Where’s the 1.76L crore, Congress asks CAG after 2G auction flop
-The Times of India The Congress on Thursday seized on the low yields of the 2G spectrum auction to attack the federal auditor's Rs 1.76 lakh crore revenue loss projection, setting the stage for another round of bitter feuding with the opposition. After the Supreme Court-ordered 2G auction yielded just Rs 9,407 crore, information and broadcasting minister Manish Tewari hit out at the comptroller and auditor general, saying, "Mr CAG, where is...
More »The generation gap of governance-Reedy SWANson and Milan Vaishnav
-The Indian Express How can an overwhelmingly young India be well served by its ageing political leaders? The UPA government has touted its cabinet reshuffle as a much-needed infusion of youth and vibrancy. While it is easy to get caught up in government talking points, the facts speak otherwise: as India’s population is getting younger, its political elites are bucking the trend. India is increasingly exhibiting all the hallmarks of a gerontocracy...
More »SC stays all 2G proceedings in Delhi HC
-The Times of India The Supreme Court on Friday stayed all proceedings before the Delhi High Court relating to 20 petitions by 2G spectrum scam accused, including former telecom minister A Raja, DMK MP Kanimozhi and others who had challenged the trial court's decision to frame charges against them. Appearing for the CBI, senior advocate K K Venugopal informed a bench of Justices G S Singhvi and K S Radhakrishnan that though...
More »Coalgate figures may not be accurate, hints Chief Justice of India SH Kapadia -Dhananjay Mahapatra
-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,...
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