-The Telegraph Income tax officials today searched the house and two dozen properties of a liquor baron said to be close to Mayawati, the simultaneous raids apparently throwing up a chest that needed gas-cutters to prise open. TV reports claimed the chest — found in the basement of a Noida mall said to be owned by Gurdeep Singh Chadha — could be stashed with notes worth over Rs 100 crore, but late...
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India court cancels 122 telecom licences
-BBC India's Supreme Court has cancelled 122 telecommunications licences awarded to companies in 2008. The licences were issued by former minister A Raja, who is accused of mis-selling bandwidth in what has been called India's biggest corruption scandal. Mr Raja denies wrongdoing. Government auditors say the scandal cost the country about $40bn (£24.5bn). The judges also ordered a court to decide whether Home Minister P Chidambaram should be investigated. Opposition MPs accuse Mr Chidambaram of...
More »Govt discontinues weekly WPI release
-The Financial Express The government today announced discontinuing releasing weekly primary and food inflation data based on the Wholesale Price Index. "Weekly WPI is discontinued henceforth," the Ministry of Commerce and Industry, which releases the inflation data, said. The government, however, will continue releasing the monthly headline or overall inflation data, which also contains the break-up for all segments including food, non-food, fuel and manufactured items. The headline inflation figures for January are scheduled...
More »The truth about solar mission by Chandra Bhushan & Jonas Hamberg
For the Government of India the first phase of the national solar mission has been a grand success. It not only managed to attract industry to invest in the generation of an energy considered costly, but also dramatically drove down the cost of producing this energy. In its celebration, little did the government realise that a major conglomerate had subverted rules to acquire a stake in the solar mission much...
More »Govt raises tamper doubt on Radia tapes
-The Telegraph A government report on the Niira Radia tapes that was submitted to the Supreme Court today mentioned discrepancies between the original recordings and the conversations broadcast by the media, suggesting they may have been tampered with. The report was submitted in a sealed cover to the bench of Justices G.S. Singhvi and Asok Kumar Ganguly. It was not made public but Justice Singhvi read out parts of it that said...
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