Editor's Desk

Rs 1.86 Lakh Crore Coal Scam in India by Congress Government – Full Text of CAG Report

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The office of the Controller and Auditor General in a report released just a while ago has substantially reduced the amount of LOSS Caused to the Central Government Exchequer due to Coal Block Allocation to private parties and vested interests without following a proper methodology for allocation. The Coal Block Scam under Dr. Manmohan Singh and Sonia Gandhi led Congress Government is of Rs 1.86 Lakh Crore, larger than 2G Spectrum Scam.

Full Text of the Coal Block Scam is Available Here for Ready Reference,

Read moreRs 1.86 Lakh Crore Coal Scam in India by Congress Government – Full Text of CAG Report

Can the Congress Govt Keep Inflation Under Wraps ?

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The inflation numbers surprised positively with the July print coming in at 6.87%. But the data were not as benign as first blush would suggest. The lagged impact on June’s sharp fall in oil prices, which has since partially reversed, was the key driver.

Core inflation (non-food manufacturing), however, picked up (5.4% y-o-y vs. 4.9% in June) and also rose in seasonally
adjusted sequential terms; 0.8% m-o-m sa (vs. 0.6% in June) and 6.9% 3m/3m saar (vs. 3.4% in June).

Non-Food Articles rose significantly to 13.1% from 6.8% YoY last month, primarily

Read moreCan the Congress Govt Keep Inflation Under Wraps ?

Is the Congress Govt Engineering Failure of Telecom Auction to Escape 2G Scam Scar ?

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The Congress Government has adopted a very fine line of escaping the 2G Telecom Scam Scar as the Supreme Court went on an overdrive to finish the case and pronounce judgement in a record time.

How is the Congress Government Engineering Failure of Spectrum Auction ?
The Government has under its control various bodies such as the DoT, TRAI, Telecom Commission, etc. The Govt referred the matter of auction to TRAI to come up with recommendations. TRAI likely under the influence of Govt. benchmarked the prices to 3G 2100 MHz Spectrum Auction when in reality 3G Reserve price itself were very low as indicated in the chart below,

Read moreIs the Congress Govt Engineering Failure of Telecom Auction to Escape 2G Scam Scar ?

Did Team Anna’s Arrogance Throw Away Lokpal ? Lessons on how RTI is used for Transparency

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Now that Team Anna has given up their Lokpal fight and instead nourishing an agenda to enter the Parliament as Politicians is one of the Worst Moves in our view. The Scam Scarred Government and Team Anna differed mainly on two views bringing CBI, PMO etc under the Lokpal. In our view, Team Anna threw away an opportunity to punish the corrupt and scamsters within the Government because of their arrogance in accepting a somewhat diluted version of Lokpal.

We’d like to draw parallels between Virtual Lokpal and how the RTI Act of 2005 is being used to bring transparency in administration, post, the Telecom Spectrum Scam. We’re witnessing the breakdown of an important government/corporate nexus. Earlier you went to politicians and bureaucrats to get

Read moreDid Team Anna’s Arrogance Throw Away Lokpal ? Lessons on how RTI is used for Transparency

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Why is Government Creating Artificial Scarcity of Spectrum ?

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The Cabinet of the Dr Manmohan Singh government scarred badly in series of scams took yet another decision on the reserve price of the Telecom Spectrum, which is going to make matters worse for the Indian Telecom Sector. The cabinet has deferred any decisions on one-time spectrum fee on incumbents and pricing beyond 6.2MHz

In addition to the pricing norms, the cabinet has taken the decision to allow operators to pay 30% of the auction value upfront and pay the remaining amount in 10 equal annual installments after a moratorium of 2 years. The SUC / Spectrum Usage Charges will continue to remain as per

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Reliance Infra Commences 4 Lane Salem-Ulunderpet Toll Road

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Reliance Infrastructure (RInfra), part of Reliance Group, through its special purpose vehicle (SPV) – SU Toll Road, has commenced its seventh road project from Salem to Ulundurpet in Tamil Nadu. The four lanning of Salem-Ulundurpet (SU) road has been completed and toll collection started.

The project is executed on build operate transfer (BOT) pattern under the aegis of National Highways Authority of India. The company has been awarded the contract to operate and maintain the road for a concession period of 25 years.

The project is built at a cost of

Read moreReliance Infra Commences 4 Lane Salem-Ulunderpet Toll Road

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