-The Hindu Business Line Complain to CAG of undervaluation, bid rigging and Cartelisation The sale of the public sector Central Electronics Ltd to Nandal Finance and Leasing Pvt Ltd is under the radar of the Comptroller and Auditor General following a complaint of bid rigging by the joint platform of trade unions, including the BMS. Though the CAG’s office is tight lipped about any action on the complaint, BusinessLine has learnt that it...
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Coal auctions: Modi govt's policy push to private miners will cost Chhattisgarh Rs 900 crore a year -Shreegireesh Jalihal & Tapasya
-Newslaundry.com The government has sold coal blocks for far cheaper prices than they fetched five years ago. In 2015, the Narendra Modi government auctioned two coal blocks in Chhattisgarh. Gare Palma IV/1 fetched a bid of Rs 1,585 per tonne while Gare Palma IV/7 was auctioned for Rs 2,619. The bid for the first block was too low, the government claimed amid allegations of Cartelisation, and cancelled it. In case of the...
More »Swaraj is the kisan's birthright and he should have it -Harish Damodaran
-The Indian Express Agrarian crisis is an opportunity, for the government that assumes office after elections, to enact a law giving farmers the right to sell any quantity of their produce to anybody, anywhere and at any time. The German obsession with sound currency has been conditioned by the collective memory of the Great Hyperinflation of 1922-23, just as American intolerance to double-digit unemployment and stock market crashes is traceable to...
More »How can small farmers' income be increased? -Yogesh Upadhyaya
-IndiaWaterPortal.org Here is a look at the challenges faced by small farmers in India and how they can be dealt with. As per the agricultural statistics of 2014, nearly 430 people depend on farming in India while 263 million people are either farmers or agricultural workers. Farmers are major contributors to the growth of Indian economy and their concerns impact policies in the country. Nearly 87 percent of farmers in India...
More »Ensure safety of customers' lockers: RBI to banks
-PTI New Delhi: The Reserve Bank has asked banks to ensure customers’ lockers remain safe and there is “no negligence” that could render banks liable to claims by locker holders, Parliament was informed today. Besides, banks are being probed by the fair trade regulator CCI for alleged Cartelisation in providing locker services to their customers. In a written reply to the Rajya Sabha, Corporate Affairs Minister Arun Jaitley said there is no specific...
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