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...

The proposed Privacy Bill seems skewed towards the state rather than the citizen Sometimes the best of intentions can camouflage the worst of motives. On the face of it, the government’s bid to bring in a privacy bill is a welcome move, a long-overdue measure. But after an initial approach paper prepared by lawyers and bureaucrats in November last year, the government went into a secretive huddle. Now a leaked...

-The Hindu   Team Anna on Saturday concluded its programme of contacting political parties with a call on Congress president Sonia Gandhi ahead of Sunday's all-party meeting on the Lokpal Bill. Ms. Gandhi assured social activist Anna Hazare that she would convey his views to the government, according to Congress general secretary Janardhan Dwivedi, who was present at the meeting. Finance Minister Pranab Mukherjee, who headed the joint panel on the Lokpal...

The man in the hot seat, the Comptroller and Auditor General (CAG) of India says he’s never faced political pressure on any audit. The man in the hot seat, the Comptroller and Auditor General (CAG) of India, Vinod Rai, says he’s never faced political pressure on any audit. On the 2G scam, he says his report clearly says the “amount of loss can be debated”. And it was the petroleum...

As bank gears up for competition, it may further dilute environmental safeguard policies WITH financial institutions of emerging economies like India and China getting big time into development lending, the World Bank plans reforms to attract its borrowing countries. Some of the important plans are to disburse loans faster and on flexible terms. Bank watchers and civil society groups say the reforms, expected to be in force by the year-end, would...