In the backdrop of the Comptroller and Auditor General's scathing reports on award of 2G telecom licences and projects related to the Commonwealth Games, an extra-cautious Ministry of Home Affairs is seeking the audit of the processes of the proposed Rs 30,000-crore housing project for the paramilitary forces by the country's statutory auditor. This would be the first instance of pre-award scrutiny by the CAG. "We have received the reference,"...

-PTI   India should move on to make nuclear energy as safe as possible by taking lessons from the recent Fukushima accident but its imperative to replace the old-era Land Acquisition Act with a more balanced one, to address the country's present huge infrastructure and energy needs, former Atomic Energy Commission Chairman M R Srinivasan said here. Stating that the resettlement was equally significant in any infrastructure project, he said India's record of...

The proposed regulations aim to create a new countrywide infrastructure for trading of commodity-based securities in the form of electronic receipts as with equity shares on exchanges A committee under the Warehousing Development and Regulatory Authority (WDRA) has recommended regulatory changes that can effectively control prices of food items, improve lives of farmers and change the warehousing landscape in India. The proposed regulations, drafted in consultation with the capital market regulator, the...

IF YOU walked down the streets of Jantar Mantar in New Delhi between 3-5 August, you would see what TV cameras aren’t putting out on primetime news. Thousands of farmers from Jhabua in Madhya Pradesh to Rohtak in Haryana. On protest. Against the systematic grabbing of their land by various state governments across the political spectrum. On one side of the road, on large green carpets, are about 3,000 farmers,...

Plan to levy market rate on owners of luxury cars Faced with growing diesel consumption and rising under recoveries, the Union government on Thursday said it was working on “dual pricing of diesel” wherein luxury car owners could be asked to pay the market rate and subsidised diesel restricted to farmers and the Transport Sector. “These proposals are being considered by the Finance Ministry,” Petroleum and Natural Gas Minister S. Jaipal Reddy...