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Raja cost nation 1.7L cr: CAG by Pradeep Thakur & Josy Joseph

The heat on telecom minister A Raja is rising, with the Comptroller and Auditor General holding him personally responsible for the sale of 2G spectrum at dirt cheap rates in 2008, resulting in a loss of up to Rs 1.70 lakh crore to the national exchequer. The damning indictment stacks the odds even higher against Raja, who is already under intense scrutiny by the telecom watchdog, civil society and the Supreme...

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Microfinance under severe stress by CRL Narasimhan

The accusation of ‘coercive' practices to recover the loans has been laid at the doors of some leading players Micro Finance institutions (MFIs) that are for profits are in the news for the wrong reasons. The ‘for profit' MFIs have grown spectacularly in recent times. But along with the large profits have come allegations of sharp practices. In Andhra Pradesh, where such MFIs have a sizable presence, the climate has now drastically...

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Green bar on Vedanta aluminium expansion

The environment ministry has told Vedanta Aluminium to stop all construction on the six-fold expansion of its aluminium refinery at Niyamgiri in Orissa, citing violation of environment laws. In a letter sent to the company today, the Jairam Ramesh-headed ministry also said Orissa’s forest and environment department should take legal action against the firm for the violations in its attempted expansion of the plant from 1 million tonnes per annum (mtpa)...

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Members trash chairman’s dissent report on Posco

The members of the Meena Gupta Committee , who argued for cancellation of clearances for the Posco project in Orissa, on Tuesday began to mount pressure on the government to accept their view. Three members of the review panel — former director of the Forest Survey of India Devendra Pandey, civil rights activist and advocate V Suresh and tribal affairs expert Urmila Pingle — have submitted their response to the minority...

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NREGA wages fight gathers steam by Anindo Dey

Seventy-year-old Dau Singh is dancing to the tune of a parody music being belted out in the background by a group of people sitting on the pavement. The song urges people to write letters to their brethren and come there to join the fight. "Come on mazdoors, get into the act to get what you deserve," urges the song. The venue is the Statue Circle in Jaipur, where hundreds of...

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