How Big is the Coal Blocks Scam in India ?

Yet another feather in the Scandals / Scams Cap of Ruling Dr Manmohan Singh Government – Coal Blocks Allotment Scam. Indian Media carried reports of the draft report by the Comptroller and Auditor General (CAG) on the losses incurred by the Government because it gave away coal blocks without any consideration in the past. The number quoted was Rs10.77lakh crore (~$211bn) and the time period was 2004-2009 [Government of Congress under Manmohan Singh]

However, to save the embarrassment of none

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Which 17 Services in Negative List are Exempt from Service Tax in India ?

Except the Following 17 Services in the Negative List, all other Services rendered by Lawyers, Doctors, Hotels, AC Trains, etc are under the purview of Service Tax now effective 01-APR-2012.

Negative List of 17 Services Exempt from Service Tax

(a) services by Government or a local authority excluding the following services to the extent
they are not covered elsewhere –
(i) services by the Department of Posts by way of speed post, express parcel post, life insurance and agency services provided to a person other than Government;
(ii) services in relation to an aircraft or a vessel, inside or outside the precincts of a port or

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TRAI Calling for Global Comments on Telecom Reforms in India

After the 2G Spectrum Scam in India, the TRAI and DoT do not want to take any chance though officials lust for corrupt money making is not fully wiped out in the two offices. However, TRAI has called for Paper inviting expert comments form various Indians globally to push forward the Telecom Reforms.

Natural resource allocation issue raised by the Supreme Court
Q1. How can the various principles outlined by the Hon’ble Supreme Court in various observations brought out in para above be sufficiently incorporated in the design of spectrum auction?
Q2. What are the key objectives to be kept in mind in the auction of the spectrum?

Quantum of spectrum to be auctioned
Q3 What should be the amount of spectrum which should be auctioned?

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Curtains Down for Sonia – Rahul Congress – Scams + Corruption + Inflation + Paid Media Down the Drains

The Verdict of the People of India in the Largest State of Uttar Pradesh voting Samajwadi Party’s Mulayam Singh back to Power as already predicted on this Website Months before the state went to Polls only reaffirms the faith of common man in a CLEAN DEMOCRACY and not the Weak Governance of Manmohan Singh remote controlled by Sonia Ghandi / Rahul Gandhi.

Inflation Ignored by Congress – Inflation was considered a very important issue by voters in UP. More evidence was on offer today. The margin of the ruling BSP’s defeat in UP suggests that even its core voter, who likely voted for the party based on identity five year ago, abandoned the party in 2012 in the wake of disappointing economic outcomes

The younger generation of India must know the facts of this Grand Old Party,  Indian National Congress, which once upon a time used to be a party of dedicated workers but these days it is all about easy Money by any means [All ethics forgotten]. They tried to Woo the Muslim Voters in Uttar Pradesh by announcing a Separate Quota but in vain. They think that

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India’s New Reality – Oil $120+ Inflation + Poor Infrastructure + Monetary Policy

Oil price risk, India’s perennial weakness, has risen in recent months. While production and shipment risks from Iran and several African countries have impacted the supply side outlook, improved growth prospects in the US and substantial liquidity support from G-3 central banks have helped shore up demand as well, consequently pushing up global crude oil prices by 12% from the beginning of the year.

The risks of higher global oil prices translate to i) inflation and growth ii) current account deficit and rupee and iii) fiscal position of the government with special emphasis on fuel subsidies.

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Fraudulent ATM withdrawals while ATM Cards Safely With Owners – Unsolved

The RBI Ombudsman Manual of 2010-11 discusses an interesting case of Fraudulent ATM withdrawals while ATM Cards are Safely in the Hands of Owners and they have not disclosed any PIN. This is for not just one or two customers but around 100 customers siphoned this way.

A series of complaints were received against a few banks alleging unauthorized debits in complainants’ accounts as a result of fraudulent withdrawals through ATMs. Considering the volume, value, timing

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