The Comptroller and Auditor-General has slammed the Narendra Modi government for financial irregularities, particularly for mismanagement of public sector undertakings, resulting in losses of over Rs. 16,000 crore. It has come down heavily on the state-owned Gujarat State Petroleum Corporation (GSPC) for extending “undue benefits” to the Chief Minister's “favoured few,” mainly Adani Energy and Essar Steel companies, which coupled with its poor management and faulty agreements on exploration of oil...
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Tribunal scraps green clearance to India's largest FDI, Posco-Debabrata Mohanty
Korean steelmaker Posco’s bid to build a 12 million tone integrated steel complex in Jagatsinghpur, Orissa received a major jolt today after a two-judge bench of the National Green Tribunal suspended the environment clearance granted to the project in January 2011. "The environment clearance granted on January 31, 2011 to the project shall remain suspended till such review and appraisal is done by the ministry," a bench of tribunal comprising Justice...
More »President Patil's foreign trips cost record Rs 205 cr
-Rediff.com President Pratibha Patil's wanderlust has cost the public exchequer a whopping Rs 205 crore on her foreign visits, surpassing the record of all her predecessors. Since assuming office as the country's first woman President in July 2007, Patil has undertaken 12 foreign trips covering 22 countries across four continents. She has four more months to go for her five-year Tenure and a trip to South Africa is said to be on...
More »Pratibha's foreign trips cost nation a record Rs. 205 crore
-PTI President Pratibha Patil's foreign visits have cost the public exchequer Rs. 205 crore, surpassing the record of all her predecessors. Since assuming office as the country's first woman President in July 2007, Ms. Patil has undertaken 12 trips covering 22 countries across four continents. She has four more months to go in her five-year Tenure and a trip to South Africa is said to be on the anvil. A series of RTI...
More »Maharashtra government suspends two IAS officers accused in Adarsh scam
-PTI Senior IAS officers Pradeep Vyas and Jairaj Phatak have been placed under suspension pending investigation in the Adarsh Housing Society scam, Maharashtra government informed the Bombay high court on Thursday. While Vyas was the collector of Mumbai, Phatak was city municipal commissioner when the scam took place. According to the CBI, Vyas (49), during his Tenure as Collector from August 2002 to May 2005, allegedly connived with other accused and...
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