-IANS The central government cancelled the Antrix Corporation-Devas Multimedia deal for reasons of national security and not for purported loss of revenue in sale of spectrum, Minister of State in the Prime Minister's Office V. Narayanasamy has said. He also said the government was not discriminating between space scientists and Indian Administrative Service (IAS) officials and, based on their culpability, punitive action would be taken against the latter too. "We did not cancel...

The Supreme Court verdict cancelling all the 122 telecom licences that jailed former telecom minister A Raja had issued to eight firms in 2008 has unexpectedly opened up a new window that can help the government earn up to Rs 75,000 crore. The revenue raised from the fresh auction of spectrum freed up after last week's SC ruling will come as a welcome relief for the government that has been struggling...

The 2012-13 Budget may not have to provide as big a jump in the food subsidy bill as expected earlier. This is because of a series of measures initiated by the government to cut wastage and improve efficiency, food minister KV Thomas has said. The measures that would bring down the need for funds include the Targeted Public Distribution System (TPDS) and the setting up of modern grain storage facilities, which...

India is likely to see record foodgrain production in the current year on good rains, the second advance estimate of the agriculture ministry showed on Friday. Output of total foodgrains comprising rice, wheat, coarse cereals and pulses was seen at 250.42 million tonnes (mt) in the July-June crop year of 2011-12, up 2.3% from the year-ago 244.78 mt, the data showed. This is significant as the optimistic projection comes just ahead of...

The battle to provide food security took an interesting turn after the apex court vested itself with a supervisory role in the ongoing computerization of the public distribution system (PDS), currently behind schedule. Accordingly, it directed the topmost bureaucrat in the food ministry—food secretary Bhushan Chander Gupta—to not only monitor the PDS computerization, but also submit monthly updates to the Supreme Court. The court was hearing the long-standing public interest case on...