The CBI search at V K Sibal's residence on Friday is likely to bring into the open a number of controversies that have surrounded the office of the directorate general of hydrocarbons (DGH) and the ministry of Petroleum and natural gas in the two tenures of the UPA government. The searches were a tipping point in allegations against Sibal, a former director general of hydrocarbons whose tenure started in 2004 under...
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Amazing journey of a 70-year-old social entrepreneur by Shobha Warrier
Retirement at 60 means a relaxed life for most people. Not so for 70-year-old P Mukundan, managing director of Servals Automation Pvt Ltd, though. He did retire from his busy business life at 60 but chose to become a social entrepreneur after that. He started a social enterprise that is 'for-profit' but that touches the lives of those who live in rural areas all over the world. In 2002, Mukundan started manufacturing...
More »Food Security Bill will be brought to Parliament shortly
-News on Air The Food Security Bill finalised by the National Advisory Council will be brought to Parliament shortly for approval. The draft bill entitles 75 percent of the population to highly subsidised food grains. It provides for people living Below Povery Line getting rice at three rupees a kilogram and wheat at two rupees a kilogram. The Bill proposes that general households will have the right to 20 kilograms...
More »Won't acquire land for industry: Bengal
-The Business Standard Political rhetoric dominated the Federation of Indian Chambers of Commerce and Industry (Ficci) annual executive committee meet today, even as two key faces of Mamata Banerjee’s administration reiterated the government’s stance of not acquiring land for industry. “Under no circumstances will the government acquire land for the industry,” Partha Chatterjee, West Bengal’s commerce and industries minister told the industry body. Also present at the event was state’s finance...
More »Vinod Rai, Comptroller and Auditor General (CAG) of India interviewed by Lola Nayar
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...
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