-The Telegraph The government today dug out a 2006 verdict to argue that the Supreme Court was against auction of coal blocks as law minister Salman Khurshid questioned the presumptive revenue loss of Rs 1.86 lakh crore in the allocation of 57 blocks. Congress spokesperson Manish Tewari, who addressed a joint media conference with Khurshid, read out the verdict that had nullified the NDA government’s plan for e-auction of coal blocks. The verdict...
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Panel to Decide Fate of 58 Coal Blocks
-PTI In the wake of controversies shrouding coal mines allocation, an inter-ministerial panel will decide next week the fate of 58 blocks which the private companies and PSUs failed to develop within allowed time. The government has already issued de-allocation notices to 35 government firms and 23 private companies which failed to develop the same allotted for captive use in the given time-frame. "An Inter-Ministerial Group, headed by Additional Secretary, Coal, Zohra Chatterji...
More »The rising stink in the media business-Vanita Kohli-Khandekar
-The Business Standard An industry capable of bringing down governments has chosen to keep quiet about the creeping corruption in its own backyard You can pay newspapers to get any kind of article published, ditto for news channels. You can fix TV ratings or readership numbers. You can even fix the box-office figures for your film. And if nothing works, you can always entice a media buyer with a cutback to...
More »PSU Bank Employees Go On 2-Day Strike
-PTI Employees of public sector banks have gone on two-day nationwide strike today opposing banking sector reforms and outsourcing of non-core activities, affecting operations. Several private sector banks, foreign banks and ATMs, however, continued to operate normally. The strike call was given by the United Forum of Bank Unions (UFBU), an umbrella organisation of nine unions of employees and officers of PSU banks. They are protesting against banking sector reforms and unilateral implementation of...
More »CAG report on Delhi International Airport ill-informed, full of holes
-The Economic Times The CAG's report on Delhi International Airport (DIAL) is naive and uninformed. It asks why land was made available to a private developer at reduced rates to build and run an airport for 60 years, and insinuates that the developer, Hyderabad-based GMR group, got a sweetheart deal from the government. It seems to find it abhorrent that 5% of the land allotted could be used commercially and claims...
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