-Live Mint The GoM findings, draft will be submitted to the Supreme Court before 10 July Taking a cue from last week's adverse comments by the Supreme Court, Prime Minister Manmohan Singh constituted a group of ministers (GoM) to draft a law that will eventually seek to insulate the Central Bureau of Investigation (CBI) from political influence. Finance minister P. Chidambaram, external affairs minister Salman Khurshid, law minister Kapil Sibal and minister of...
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Govt may take back 30 more coal blocks- Aman Malik
-Live Mint Show cause notices to be issued to companies, including Jindal Steel, Tata Power, GVK Power and Jaypee Group The government is set to issue show cause notices to the holders of at least 30 captive coal blocks, according to a senior coal ministry official with direct knowledge of the matter. Companies holding these blocks will be asked to explain why they failed to develop them and if the government is not...
More »Tribals set to decide Vedanta project’s fate -Nitin Sethi
-The Times of India NEW DELHI: The villages of Dongriya Kondh tribals around Odisha's Niyamgiri hills are likely to simmer again as the Centre and the state government along with civil society groups are planning to converge on the site for the proposed Vedanta bauxite mine. The Supreme Court order has left it to the villagers to decide the fate of the Vedanta project, and the call revolves on whether the venture...
More »Haves and have-nots, chained by loss-Sanjay Mandal
-The Telegraph Bengal - Defrauded Many households in Calcutta have a domestic help or a driver who has lost money by investing in Saradha schemes - a common thread that has spun a perception that the poor are the sole victims of the sham company. But Sudipta Sen's promise of high returns had blurred the divide between the haves and the have-nots as well as the educated and the uneducated. Travels across the semi-urban...
More »Banks suppressing alerts on suspect dealings: RBI probe-Josy Joseph
-The Times of India NEW DELHI: An investigation by the Reserve Bank of India (RBI) into allegations of money laundering by private banks has found large-scale violations ranging from huge cash deposits without PAN to dummy numbers. The probe report, a copy of which is available with TOI, shows that three private players - HDFC Bank, ICICI Bank and Axis Bank - had also hugely suppressed alerts generated by their system on...
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