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Fuel prices set to skyrocket after Budget session of Parliament
The government may allow a hike in petrol, diesel and cooking gas (LPG) prices after the Budget session of Parliament. Giving an indication in this regard, Union Finance Minister Pranb Mukherjee told the Rajya Sabha on Wednesday, “Petroleum prices are... (Continue reading)
Govt denies guilty nailed in Army Chief letter leak case
Written on 14 May, 2012 at 6:40 in WORLD | viewed 4 views times | No Comments
The government has rubbished reports that claimed a Joint Secretary-rank officer in the Cabinet Secretariat had leaked Army Chief General VK Singh’s controversial letter to Prime Minister Manmohan Singh about the poor state of preparedness of his force. Government sources... (Continue reading)
Fraud corruption in highway projects World Bank
Written on 3 Apr, 2012 at 6:18 in INDIA | viewed 6 views times | No Comments
At a time when the government has reasserted its resolve to speed up construction of highways in the country, the World Bank has raised the red flag over corrupt practices being employed by private contractors working on highway projects funded... (Continue reading)
CAG exposes multi-crore land scam in Andhra
The “benevolence” of the Congress government in Andhra Pradesh in allocation of land (irregularly) for different purposes has caused enormous monetary loss running into several thousand crores of rupees between 2006 and 2011, the Comptroller and Auditor General (CAG) has... (Continue reading)
Will examine and modify GAAR if required FM
Amidst fears that FIIs may be taxed for short-term capital gains in stock markets, the government on Tuesday said it will examine and modify the General Anti Avoidance Rules (GAAR) if required. “I will examine and modify GAAR as and... (Continue reading)
UN says Lankan activists harassed Colombo denies
The Sri Lankan government on Saturday rejected a charge levelled by the United Nations, accusing Colombo of intimidating pro-Tamil activists at the global body’s Human Rights Council in Geneva. On Friday, UN High Commissioner for Human Rights Navi Pillay issued... (Continue reading)
Coal mining caused 6 times more loss than 2G CAG
Written on 22 Mar, 2012 at 6:51 in INDIA | viewed 0 views times | No Comments
The Comptroller & Auditor General (CAG) in its draft report on coal mining in the country has accused the government of having given “undue benefits” to a number of companies leading to a loss of Rs 10.67 lakh crore to... (Continue reading)
Four NGOs booked for funding Kudankulam stir
Written on 29 Feb, 2012 at 7:42 in INDIA | viewed 2 views times | No Comments
Tightening the noose on those opposing the Kudankulam nuclear project, the government has registered cases against four NGOs for allegedly diverting funds to fuel protests and deported a German national for assisting the agitators. “Cases have been registered against four... (Continue reading)
Govt to tighten noose on corrupt babus
Written on 29 Feb, 2012 at 7:16 in INDIA | viewed 2 views times | No Comments
Corrupt public officials beware! Government officials found taking bribes might have to face 10 years of rigorous imprisonment, while big spenders would have to voluntarily report high-value transactions; as per the recommendations of a panel on black money. As per... (Continue reading)
No need to be gloomy India s economic fundamentals good Tata
Written on 6 Jan, 2012 at 7:30 in INDIA | viewed 3 views times | No Comments
Differing with some of the leading corporate voices against perceived policy paralysis in the government, industrialist Ratan Tata on Thursday said there is no need to be pessimistic because of the global uncertainties as India’s economic fundamentals are strong. “We... (Continue reading)