Justifying first come, first served policy, it says auction will hit promotion of teledensity The Union government on Friday justified the first come, first served (FCFS) policy and urged the Supreme Court to review the 2G judgment, which quashed spectrum licences and directed issuance of fresh ones on the basis of auction. The Centre said it was only questioning the conclusion of the judgment that all national resources should be auctioned. Absurd...

-Mid Day   India shines in its malls but slips badly when it comes to ensuring the well- being of its millions India may well be the world's fastest growing "free market"economy, but it is no Competition to its neighbours when it comes to the social wellbeing of her people. A comparison with the neighbouring nations shows that besides Pakistan, all others like Bangladesh, Nepal, Sri Lanka and China are far better off in...

Just over five years ago, a global study had labelled India the world’s “lone polio exporter”, prompting the United Nations secretary-general to write a letter of concern to Manmohan Singh. Even three years ago, anti-polio workers in western Uttar Pradesh, then the disease’s epicentre in India, were often abused and driven away when they came to the villages for the vaccination programme. Such memories today flooded into the minds of doctors and...

-PTI   The Competition Commission of India (CCI) today imposed a penalty of Rs 165.58 crore on 48 LPG cylinder makers for forming a cartel while bidding during the tenders floated by Indian Oil in 2010-11. The Competition watchdog imposed the penalty after finding them guilty of manipulating the bids and quoting "identical rates in groups through an understanding and collusion action". The ruling was based on the findings of the CCI's Director General...

Food price inflation, and inflation in general, has become less of an issue. But it isn’t an issue that will go away. Give it till June and inflation is likely to inch up again. Competition is a good antidote against price increases. It ensures efficiency and reduces price volatility. Logically, food price inflation should trigger and stimulate agricultural reform, so there is Competition and supply-side changes can occur. But in...