Dec 31, 2014 01:26 PM IST
The Department of Telecom, however, is optimistic of getting 5 Mhz of 3G spectrum (2100 Mhz band) from the Defence Ministry.
- Dec 19, 2014 04:08 PM IST
Punching holes in the railways' freight management, the Comptroller and Auditor General has found deterioration in the various efficiency parameters causing hindrance in smooth goods train operations and sought streamlining of the monitoring mechanism.
- Dec 08, 2014 02:57 PM IST
According to a new subsidy sharing formula, the payout of upstream oil producers like ONGC is to be reduced to the extent of Rs 4,500 per tonne oil development cess they pay to the government, sources privy to the development said.
- Nov 28, 2014 07:47 PM IST
The CAG report shows that SEZs are being taxed about 37 percent, which is higher than domestic tariff areas. But the government is not ready to make life easier for SEZs just yet.
- Nov 17, 2014 01:56 PM IST
The 10-member Committee, headed by former petroleum and finance secretary Vijay Kelkar, said the PSC regime was more suited for Indian conditions rather than the revenue-sharing model based on the Rangarajan panel adopted by UPA govt.
- Nov 08, 2014 12:54 PM IST
"The CAG report on 2G and other issues," Chidambaram said, "clearly ...hurt the Congress party. I think 2G could have been handled differently in the sense that the Prime Minister could have put his foot down and said I am sorry, I will not let you go forward with the first come first serve (FCFS) route.
- Oct 29, 2014 06:48 PM IST
The CAG reports on 2G telecom spectrum allocation and coal mine allotment which carried figures of notional losses to the tune of Rs 1.76 lakh crore and Rs.1.84 lakh crore respectively had caused tremendous discomfort for the UPA government and the Congress party that headed the coalition.
- Oct 16, 2014 06:57 PM IST
Companies that are under are ICICI Lombard, HDFC Ergo and GIC Re, with sources indicating that ICICI Lombard and HDFC Ergo have got tax notice.
- Sep 14, 2014 04:08 PM IST
â€œStories of Kingfisher Airlines and Bhushan Steel are only now emerging in trickles. The amount that has gone into corporate debt restructuring is another story; it contains all the marquee names,â€ he said.
- Sep 13, 2014 05:31 PM IST
Scams can happen even if principal-agent interests are not seriously misaligned in a democracy, but when the agent appoints another agent, the second agent at the other end of the equation will see his job as not serving the real principal (the people), but the principal who appointed him.
- Sep 12, 2014 06:38 PM IST
Rai, who has been critical of former Prime Minister Manmohan Singh in the context of 2G and coal scams, said that the control structure of CBI makes it vulnerable to becoming an "easy game" for various allegations and speculations.
- Sep 12, 2014 12:33 PM IST
UPA was steeped in corruption from birth, and this fact is difficult to deny anymore. Neither Sonia Gandhi, nor Manmohan Singh nor P Chidambaram can afford to claim innocence anymore.
- Sep 09, 2014 06:24 PM IST
Vedanta believes that their coal blocks should not be cancelled if there is no case of criminality.
- Sep 08, 2014 12:46 PM IST
Harshvardhan Dole, VP Research - Institutional Equities, IIFL does not expect final judgment by the Supreme Court tomorrow as many companies are in the process of filing affidavits, as suggested by the Attorney General. However, he is confident of the final verdict being announced in a few weeks.
- Sep 05, 2014 10:57 AM IST
Amid talks of a new telecom super regulato that could replace the existing Telecom Regulatory Authority of India (TRAI), former TRAI chairman Khullar discussed the merits and demerits of such a proposal.
- Sep 04, 2014 06:00 PM IST
According to the audit, many insurance companies wrongfully availed of the central value-added tax (CENVAT) scheme to avoid taxes on certain services.
- Sep 01, 2014 06:39 PM IST
Mukul Rohatgi on his part said that it would not be appropriate to cancel all the coal blocks. He has asked the Supreme Court also to come out with a ruling fast so that decision making is not delayed and the government can actually expeditiously move towards auction of blocks.
- Aug 24, 2014 06:15 PM IST
Attacking the Congress over former CAG Vinod Rai's claims, BJP today said the opposition party stood "exposed" and demanded that the identity of leaders who "approached him" to drop names of those involved in scams during the UPA regime be revealed.
- Mar 10, 2014 01:14 PM IST
RIL had found gas in the Dhirubhai-1 and 3 wells in October 2002 and were declared commercially viable finds between April 2003 and March 2004.
- Feb 21, 2014 10:50 AM IST
AAP said over the last three years, the state power company and politicians in Maharashtra have made consumers to pay excess tariff of Rs 22,000 crore.
- Feb 21, 2014 10:00 AM IST
Pramod Deo, Former Chairperson of CERC says these allegations basically mean that there is lack of faith in electricity act and the regulator. He however makes it clear that in no way is he defending the regulators and saying that they are doing their jobs well. "There is always scope for improvement," he adds.
- Feb 17, 2014 07:41 PM IST
CAG Audit report examined the adequacy and results of efforts of BHEL from conceptualisation to execution of manufacturing capacity expansion and its utilisation during 2007-12.
- Feb 06, 2014 09:27 PM IST
The Committee on Public Undertakings (COPU), which went into CAG's audit objections over January 2009 acquisition of Imperial Energy, in a report tabled in Parliament said the Cabinet Committee on Economic Affairs had approved the buyout of the firm on the condition that it would yield at least 10 percent return on investment.
- Jan 31, 2014 10:25 PM IST
Power surcharge in Delhi has now been hiked - the rates have gone up from 6 to 8 percent depending on which distribution companies delivers power. This will effectively take power tariffs higher.
- Jan 24, 2014 06:04 PM IST
The discoms have told the High Court that this is a pre-emptive decision taken by the Chief Minister, Arvind Kejriwal after meeting CAG officers.