Satyam Computer Services and its former auditor PricewaterCoopers (PwC) have agreed to pay a combined $17.5m (£10.7m) in fines in the US after one of India's biggest corporate scandals. Satyam, an outsourcing company, will pay $10m for falsely reporting more than $1bn in profits over five years. The company's chairmaN Ramalinga Raju admitted to the fraud in 2009. Satyam's shares were indirectly traded on the New York Stock Exchange (NYSE) as well as...
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Andhra Pradesh CM views MGNREGA will be a boon for rural development in the State
The Chief Minister Mr. N. Kiran Kumar Reddy is of the view that the inclusion of Rural Connectivity as one of the permissible categories of works under Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) will be a boon for rural development in the State. Providing connectivity to SC, ST and other remote habitations including providing internal roads in the SC/ST habitations are approved for implementation. The Chief Minister was informed...
More »Former soldier Anna Hazare now fights for Lokpal Bill by Makarand Gadgil
Hazare is now fighting possibly the biggest battle of his life, by launching an indefinite hunger strike in New Delhi to press for an early enactment of a Lokpal Bill, legislation that would create public ombudsmen to investigate corruption charges against public servants Anna Hazare is a veteran of many battles—as a former soldier and then as a social activist who has forced at least half a dozen Maharashtra ministers to...
More »GEAC member quits over conflict of interest by Sanjeeb Mukherjee & Sreelatha Menon
Ahead of the first meeting of an expert committee of scientists to determine the kind of tests to be conducted on genetically-modified brinjal, commonly known as Bt brinjal, a prominent member of the Genetic Engineering Appraisal Committee (GEAC) has resigned from the panel. The resignation of P Anand Kumar comes following an appeal by the co-chair of the panel at its last meeting to members to quit if they had a...
More »Need to look at renewable energy for power needs: Jairam Ramesh by Urmi A Goswami
India should look at renewable energy to meet its power needs, Environment Minister Jairam Ramesh has said. In a letter to Prime Minister Manmohan Singh last week, Ramesh drew his attention to a World Bank report on renewable energy in India. The report suggests that renewable energy is an important part of the solution to India's power shortage. The letter gains significance as the coal and power ministries have cited growth...
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