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India Stocks Sink on Telecommunications Scandal by Heather Timmons

A widening corruption scandal that has touched India’s prime minister sent the country’s stock markets down sharply on Friday and threatened to tarnish the country’s image as a rising economic power. Setting off the turmoil was a report from the country’s auditor earlier this week that about $40 billion in wireless spectrum license fees had been squandered by the government’s telecommunications and information technology minister. On Thursday, India’s Supreme Court criticized...

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Her Sinister Ring Tone by Shantanu Guha Ray

NIIRA RADIA, the lobbyist at the heart of India’s audacious multi-billion telecom swindle, inaugurated a Krishna temple she funded in south Delhi on her birthday — that, interestingly, coincides with Indira Gandhi’s. Those present on the occasion said Radia prayed for long, presumably seeking divine intervention to wriggle out of the country’s biggest scandal. Before the temple visit, notices from the country’s Enforcement Directorate (ED), Income Tax (IT) Department and the...

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Strengthening the CAG's hands by Ramaswamy R Iyer

The institution of Auditor General, established in 1860, became Comptroller and Auditor General of India (CAG) with the commencement of the Constitution. On the occasion of the initiation of year-long celebrations to mark 150 years of the institution, may one, as a former member of the Indian Audit and Accounts Service, put forward a few suggestions (numbered for convenience) aimed at enhancing the effectiveness of the institution? 1. It is a...

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CIC asks OC for all Games documents

The Organising Committee (OC) of the Commonwealth Games has got yet another blow vis-à-vis the corruption charges and various probes that it is facing owing to the alleged corruption in the Games and related affairs. The Central Information Commission (CIC) has issued summons to the OC asking it to submit all documents related to alleged discrepancies in the ticketing, Queen's Baton Relay and the conduct of the Games. The transparency watchdog...

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European Commission honour for India Today journalist

An India Today report based on the Right to Information Act by Associate Editor Shyamlal Yadav is among the winning entries for the 2010 Lorenzo Natali Prize (LNP)-2010, an annual competition open to journalists worldwide. The report was among the 17 best entries (three from each continent and two special prizes) from over 1,100 nominations worldwide. Awarded by the European Commission, the LNP is supported by Reporters Without Borders and WAN IFRA...

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