Vinod Rai’s searing honesty in his job as the country’s CAG has the government in many a bind CAG Catch 1     2G Spectrum, 2010     The CAG audit over a six-year period from 2003 finds loopholes in the implementation of norms, leading to DoT allocating spectrum at 2001 prices. Estimated loss to exchequer: the now-household figure of Rs 1.76 lakh crore.     Outcome Former telecom minister A. Raja, MP Kanimozhi, telecom and...

Agrees to consider five coal blocks to be moved from “no-go” to “go” zone In a further breakdown of his vaunted “no-go zone” concept to prevent mining in heavily forested areas, Environment Minister Jairam Ramesh has agreed to consider five coal blocks in the forests of Orissa to be moved from the “no-go” to “go” zone. Interestingly, the decision comes on a day when Prime Minister Manmohan Singh admitted that he had...

TODAY, India is considered around the world as a rapidly developing country posting economic growth rates of around 8-9 percent consistently over the last several years. Along with China, which is much further ahead, India is seen as a powerhouse of the global economy in the decades to come and already it is home to a very large number of dollar billionaires, perhaps the largest such number in Asia. In...

-The Economic Times   Environment minister Jairam Ramesh has approved two mining proposals - one by Iifco and the other by the Rajasthan Rajya Vidyut Utpadan Nigam - on the fringes of the Hasdeo-Arand forest region in Chhattisgarh. Ramesh set aside the recommendation of the statutory body of the environment ministry, the Forest Advisory Committee , to reject the proposals. With Thursday's order, coal mining will be allowed in Tara, Parsa...

-The Hindu   Blocks not actually within the biodiversity-rich region, he says Stage-I forest clearance granted to three blocks in the region Ramesh over-ruled advice of his own Forest Advisory Committee to grant approval The bastion of Hasdeo-Arand has finally been broken. One year after saying that the coalfields of this heavily-forested, mineral rich region of Chhattisgarh would never be open to miners, Environment Minister Jairam Ramesh has finally granted a stage-I forest clearance to...