The government is banking on the second round of spectrum auction and customer-centric moves such as free national roaming to rebuild the telecom sector, impacted by controversies and court judgements that have shaken investor confidence.
Terming as "baseless innuendos" the allegations of fraud by her Trust, Law Minister Salman Khurshid's wife Louise launched a scathing attack on activist Arvind Kerjriwal, accusing him of "doing politics using the shoulders of the disabled". She also trashed speculation about her husband resigning over the issue, saying there is no reason why her husband should step down.
Swiss banks seek fresh undertakings from Indians.
Report says ineligible farmers given benefits.
Amid a war of words between the government and the opposition over the recent Comptroller and Auditor General reports, President Pranab Mukherjee on Monday cautioned that attempts by any organ of the state to overreach will unnecessarily lead to dissonance within the system.
A review of three years' audit reports of CAG showed that the state PSUs' losses of Rs 6,072.96 crore (Rs 60.72 billion) were 'controllable' with better management.
Senior Bharatiya Janata Party leader Murli Manohar Joshi on Sunday said that a Comptroller Auditor General inquiry should be conducted into expenditure made during Maha Kumbh Mela at Allahabad.
CAG says Rs 43,270.01 cr was spent by the water resources department on 426 incomplete projects.
Sebi splits CMD post and has directed listed companies to have at least six directors and at least one of them needs to be a woman.
The comments by a former official of the Comptroller and Auditor General over the report on 2G spectrum allocation on Friday kicked up a row with Congress President Sonia Gandhi suggesting that the Bharatiya Janata Party had been exposed while the government demanded answers from Parliament's PAC chief M M Joshi over his alleged role.
Its funds choked by the Supreme Court, an embattled BCCI President Anurag Thakur today steered clear of commenting on the latest diktat by the apex court, saying that he is yet to go through the order.
Under attack from the opposition over the Comptroller and Auditor General report on coal blocks allocation, the government is all set to counter it through a nation-wide campaign by key ministers and partymen.
With Digvijay Singh causing a flutter by targeting Comptroller and Auditor General Vinod Rai and suggesting that he has a political agenda, the government on Friday said there was no need for Constitutional authorities to be "touchy and sensitive" about criticism.
We will now get CAG to do the audit for the last 3-4 years, says the secretary.
Slamming Congress for trying to "weaken" Comptroller and Auditor General by making it a multi-member body, the Baratiya Janata Party on Monday warned that any such move would only 'boomerang' on the party.
The National Election Watch has said that several companies make political donations, which makes it necessary to probe if the donations have led to any favours. Vicky Nanjappa reports.
The Comptroller and Auditor General, which had at the end of its first sitting with RIL in January suspended the audit of spending on the flagging KG-D6 block following differences with RIL over scope and extent of the scrutiny, is likely to resume it next two weeks.
Both Houses of the Parliament were adjourned minutes within the proceedings began on Thursday with the Bharatiya Janata Party-led opposition sticking to their demand for Prime Minister Dr. Manmohan Singh''s resignation over the Comptroller and Auditor General's report on coal block allocations.
The stalemate in Parliament over the Comptroller and Auditor General's report on coal block allocation continues.
The Central Bureau of Investigation is likely to register more than one first information reports in the alleged irregularities in allocation of coal blocks after it came across several cases of violation of norms by state government officials and allottees.
The Comptroller and Auditor General in 2012-13 had made certain observation in a report and 'we are improving it', he said.
If banks cannot charge interest from borrowers during the moratorium, who will bear that cost? Should the depositors subsidise the borrowers by foregoing interest on deposits? In that case, we will turn banking on its head! notes Tamal Bandyopadhyay.
Former chief election commissioner S Y Quraishi on Wednesday suggested an annual compulsory audit of funds and donations received by political parties. "We want that all political funding should be transparent and checked. There should be annual compulsory audits by an independent auditor to be picked up from a panel suggested by the Election Commission," Quraishi said.
'The finance minister in her Budget speech should spell out how exactly she intends to get back to the 7% track, and the hard decisions she intends to take in order to adjust to the realities of a slowing economy until growth momentum returns,' suggests T N Ninan.
Some of them have ambitious plans to fight the slowdown, while some would seek to revive their image.
The Central Bureau of Investigation, probing the case of amassing allegedly disproportionate wealth by Kadapa MP Y S Jaganmohan Reddy, filed a third chargesheet in the special Central Bureau of Investigation court in Hyderabad on Monday naming him as the prime accused.
Agitated over its finding in the coal mine allocation issue, Congress on Monday targeted the Comptroller and Auditor General again by utilising the opinion of the Supreme Court on the 2G spectrum issue. Noting certain observations of the apex court in the 2G case, spokesperson Manish Tewari said, "If the Supreme Court can be so circumspect in its observations, is it not essential that other constitutional bodies, especially the CAG, should follow suit?".
Rajiv Bansal's severance payment was Rs 17.38 crore
Amid the storm over alleged kickbacks in the AgustaWestland VVIP chopper deal, Comptroller and Auditor General Vinod Rai on Friday said an audit of the controversial deal is under progress and a report would be released soon.
This may mean easier access, simplified KYC and documentation requirements, and fewer investment restrictions for a majority of FPIs, especially broad-based funds and pooled vehicles that were earlier part of Category-II.
Under fire over allegations levelled by a former Comptroller and Auditor General official on its report on 2G spectrum allocation, Murli Manohar Joshi on Friday said the "hurried" statement of Sonia Gandhi attacking the Bharatiya Janata Party has only exposed the Congress.
Giving another twist to the 2G spectrum allocation controversy, a former comptroller and auditor general official has questioned the CAG's estimates of presumptive loss of Rs 1.76 lakh crore. "After completing the audit of the ministry of telecom, which was under my direct charge, I prepared a draft audit report covering each and every aspect. My report did not contain any loss figure," said former director general of CAG R P Singh.
The deadlock in Parliament over the Comptroller and Auditor General's report on coal blocks allocation continued on Monday with the Bharatiya Janata Party-led Opposition sticking to its demand for Prime Minister Manmohan Singh's resignation. Both the Rajya Sabha and the Lok Sabha have been adjourned till noon.
After the flop 2G spectrum auction that yielded only Rs 9,407 crore, government and the Congress on Thursday questioned the Comptroller and Auditor General's estimated loss of Rs.1.76 lakh crore in the spectrum allocation of 2001, drawing fire from the opposition. Information and Broadcasting minister Manish Tewari led the government attack by asking CAG Vinod Rai why the spectrum auction had not yielded anything close to the loss it had estimated.
If the finance minister's tax proposals have stimulated demand at all, it's for CAs, notes Kanika Datta.
Matching talent with jobs should not be a problem in Indian politics. In fact, Prime Minister Manmohan Singh is spoilt for choice, says Sunanda K Datta-Ray
Congress leader Digvijay Singh on Friday targeted Comptroller and Auditor General Vinod Rai suggesting he has a political agenda like one of his controversial predecessors T N Chaturvedi, who had given a report on Bofors issue and soon after joined the Bharatiya Janata Party.
The Press Trust of India on Sunday in its report quoted Minister of State in the Prime Minister's office V Narayanasamy as having said that converting the Comptroller and Auditor General (CAG) into a multi-member body was under consideration of the government. The minister, however, said that he was misquoted.
CAG's report on Hydrocarbon Exploration Efforts of ONGC, which was tabled in Parliament today, expressed concern at the company's lack of adequate efforts and results in new fields and wanted the Oil Ministry to reset annual targets set out in memorandum of understanding that the firm signs with the government.
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