In the backdrop of the Comptroller and Auditor General's scathing reports on award of 2G telecom licences and projects related to the Commonwealth Games, an extra-cautious Ministry of Home Affairs is seeking the audit of the processes of the proposed Rs 30,000-crore housing project for the paramilitary forces by the country's statutory auditor. This would be the first instance of pre-award scrutiny by the CAG. "We have received the reference,"...

The finance ministry has asked the telecom department not to entrust state-owned BSNL with the Rs 20,000-crore project to build a nationalbroadband network to take high-speed internet to the hinterlands. It has recommended that a special purpose vehicle (SPV), consisting of many mobile phone companies, be entrusted with implementing this project, while adding that all stakeholders should be chosen through a transparent and competitive bidding process. The telecom department had identified...

-The Times of India   Central information commissioner Shailesh Gandhi on Sunday faulted the process of selection of information commissioners. "My selection is a flawed process. The process of selection of information commissioner is faulty," Gandhi told reporters here. Stating that the biggest threat to right to information was from the central and state commissions, Gandhi said prolonged pendency of cases with the commissions and faulty selection process of commissioners would defeat the...

India should facilitate private sector growth in higher education, particularly in technical subjects, and should explore and develop innovative public-private partnerships (PPP) in the 12th Five-year Plan In a potential game-changer for India’s education sector, the Planning Commission has suggested that the country allow establishing institutes of higher learning that could be run for profit. “The not-for-profit tag in higher education sector should perhaps be re-examined in a more pragmatic manner so...

The proposed regulations aim to create a new countrywide infrastructure for trading of commodity-based securities in the form of electronic receipts as with equity shares on exchanges A committee under the Warehousing Development and Regulatory Authority (WDRA) has recommended regulatory changes that can effectively control prices of food items, improve lives of farmers and change the warehousing landscape in India. The proposed regulations, drafted in consultation with the capital market regulator, the...