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Dec 15, 2011 Who Plays Judge?: "If there’s an issue, take it to court, because society has mandated that responsibility to the judiciary—not to Kapil Sibal or Google or Facebook or Twitter."
Dec 15, 2011 AI pilots resign over unpaid salary: "About 50 Air India pilots have resigned due to non-payment of allowances and delay in payment of their salaries this year,"
Dec 15, 2011 Falling numbers: "The index of industrial production (IIP) saw a shocking and sudden decline in output in October."
Dec 15, 2011 PC in trouble, BJP cries conflict of interest: "The latest controversy concerns the Metropolitan Hotel in the Capital and its owners."
Dec 15, 2011 UK regulator names Anil Ambani owner of ‘illegal’ Mauritius fund: "Is Anil Ambani the real owner of the Mauritius-based investment vehicle Pleuri, which invests in Indian stocks?"
Dec 15, 2011 Views | What Indian companies can do about corruption
Dec 15, 2011 Chidambaram ex-client's FIR quashing row: Law ministry note exposes MHA claims: "Fresh documents raise questions about the home ministry's claim that it did not give any orders on withdrawal of the three FIRs against a Delhi businessman SP Gupta who was once a client of P Chidambaram."
Dec 14, 2011 Rupee drops to historic low of 53.40 as investors flee to $ haven
Dec 14, 2011 Mr Sibal: whip the NIC into shape first, then fret about internet underbelly: "Most ministers use public/free gmail accounts to communicate because their nic accounts either don't work or cannot be accessed through smartphones", "“The Ministry of Commerce sends market-moving inflation data via a Gmail account, and the Indian Air Force uses another to send media updates on competitive bidding for an $11 billion combat-jet program. After a 6 July interview with Bloomberg News, Attorney General Goolam Vahanvati handed out Hotmail and Gmail addresses as the best ways to contact him.”", "The problem though is that a mail I sent to mocit@nic.in from my official company id bounced back!! I am sure though I will still be able to reach Mr. Sibal at his hotmail account."
Dec 14, 2011 Bhujbal resignation demand rows: "The Opposition parties in Maharashtra on Tuesday (December 13) staged a walkout in the assembly as they were not satisfied by the explanation given by PWD Minister Chhagan Bhujbal about the huge donations received by Bhujbal Foundation from India Bulls group."
Dec 14, 2011 Rupee may fall further, touch 54 against dollar
Dec 14, 2011 Babus in Rs 3 lakh cr Odisha mining scam: Report: "We did not find any direct evidence against the politicians and their role need further probe, MB Shah said."
Dec 14, 2011 Maha Min Bhujbal rubbishes allegations: "the sum of Rs 2.45 crore donated to his trust was after the minister cleared a contract in favour of the company."
Dec 14, 2011 Katta, son granted bail in KIADB scam case: "The Lokayukta Court on Monday granted bail to former minister Katta Subramanya Naidu, his corporator son Jagadish and S V Srinivas, Managing Director of Itasca software firm, the main accused in Karnataka Industrial Area Development Board (KIADB) land scam."
Dec 14, 2011 Industrial growth shrinks, CII warns of job cuts: "The Confederation of Indian Industry has appealed for urgent measures to tackle the slowdown."
Dec 14, 2011 CBI chargesheets Essar, Loop Telecom in 2G: "In the chargesheet CBI has named Anshuman Ruia, Ravi Ruia, Kiran Khaitan, IP Khaitan and Vikas Saraf."
Dec 14, 2011 India's October industrial production tumbles 5.1%: "Production at factories, mines and utilities plunged 5.1% from a year earlier, far worse than a median forecast for a 0.5% drop"
Dec 14, 2011 Rupee hits new record low of 52.77 per dollar
Dec 14, 2011 2G case: CBI files third chargesheet, names Ruias and Khaitans: "All of them have been chargesheeted under section 120 B (criminal conspiracy) and 420 (cheating) of the IPC."
Dec 14, 2011 India’s billionaires frustrated, want to shift base overseas: "Several Indian billionaires say they are frustrated enough to want to shift base overseas and run their increasingly transnational business empires from cities like London and Singapore. "I'm sick and tired of what's happening here. I don't want to live in this country anymore," said one of India's biggest barons."
Dec 14, 2011 BBC: India telecoms fraud case: New accused named: "mis-selling of telecoms licences which auditors say cost the country about $40bn (£24.5bn). A spokesperson for the CBI said Essar's Ravi Ruia, Anshuman Ruia and Vikas Saraf, and Loop Telecom's Kiran Khaitan and IP Khaitan were the new accused."
Dec 13, 2011 Smart money is losing faith in India, the broken BRIC: "Is India the broken BRIC? Global investors end 2011 overweight Brazil, Russia, and China, but resolutely underweight India"
Dec 11, 2011 India Inc: Don’t blame govt, blame yourselves for current mess: "the scams that have erupted —telecom , mining , land grabbing —all involve corporate India."
Dec 11, 2011 BJP accuses Mayawati, her kin of 'hiding' money in companies: "has found over 125 companies connected with Mayawati's "friends and family"."
Dec 11, 2011 Reuters: Government admits $9 billion export gaffe: "Already battered by corruption scandals, and less than a week after an embarrassing policy U-turn, the government admitted on Friday that it had accidentally inflated this year's export figures by more than $9 billion."
Dec 11, 2011 How much do the corrupt earn?: "Public officials in India may be cornering as much as Rs.92,122 crore ($18.42 billion), or 1.26 per cent of the GDP, through corruption", "Real estate and related business services involving registration of property and stamp duties account for Rs.12,534 crore ($2.5 billion) in corruption"
Dec 11, 2011 Flying freebies: "The human resources committee of the carrier has found the temerity to propose to the Air India board that its CMD and numerous directors and general managers, along with their spouses, parents, siblings and children, be given free air tickets.", "And when officers pass away, the favours will be passed on a generation like heirlooms."
Dec 11, 2011 Cop vanishes with seized Rs.1.5 crore: "While special teams intercepted four vehicles, they are said to have stopped only one vehicle and allowed the other vehicles to flee the scene with the huge cash collected from innocent depositors."
Dec 10, 2011 Noteworthy: Rs 500 minting up 17 fold in 10 yrs: "there are fewer notes of Rs 20 and Rs 50, whether individually or collectively, than the total number of Rs 500 notes out there."
Dec 10, 2011 Rs 2,150,000,000,000: that’s our gold import bill this year: "Commerce Secretary Rahul Khullar says that the overall trade deficit will be in the range of $155-160 billion in 2011-12."
Dec 10, 2011 Bad data? Why $9.4 bn export reporting ‘mistake’ is a scandal: "Where did the rest of the $28-and-odd billion come from? From itsy-bitsy small engineering companies that are not in the BSE 500? Or was so much of illegal ore mined and sent by the Reddy brothers and their ilk in Goa, Odisha, Karnataka, and Jharkhand?"
Dec 10, 2011 On Empty Shelves The UPA’s reforms agenda hits a nadir with FDI retail flopshow
Dec 10, 2011 Shroud Of Paled Hope - Six months on, Mamata’s TMC has ill-used the carte blanche given it by Bengal’s voters : "Unable to come up with a viable plan to reduce burden of Rs 2,00,000 crore deficit"
Dec 10, 2011 Ramdev threatens hunger strike against illegal mining in Goa: "If required, I would sit for hunger strike in Goa against those involved in it. Can we allow these looters to be elected to the Assembly?”"
Dec 9, 2011 Software glitch inflated India's exports by $9bn, admits govt: "exports growing by only 4.2% to $22.3 billion in November. With imports growing at 29% to $35.9 billion"
Dec 9, 2011 Kolkata: 6 AMRI directors arrested after 88 die: "The six who have been arrested are SK Todi, RS Goenka, Ravi Todi, Manish Goenka, Prasanta Goenka and Dayananda Agarwal."
Dec 8, 2011 Trouble for Air India: "The Central service tax authority on Thursday (December 8) froze 11 of Air India's accounts. Service tax officials say AI has to pay 110 crore towards the service tax dues to the government. They have collected the tax from the passengers but not paid to the government."
Dec 8, 2011 Chidu’s involvement in 2G scam dents investor confidence: "Chidambaram’s involvement in the scam raises questions over the government’s stability and the depth of the 2G scam."
Dec 8, 2011 Google V/s Kapil Sibal: "Google pointed to its Transparency Report which effectively demolishes Mr Sibal's claims, as it points out that out of 358 items requested to be removed in the period Jan-June 2011, only 8 requests pertained to hate speech, while there were as many as 255 complaints against "Government criticism"."
Dec 8, 2011 AI fails to pay service tax, accounts frozen: "The airline has to pay Rs 100 cr to clear the service tax. Kingfisher accounts, too, may have been frozen."
Dec 8, 2011 Can CBI probe the Home Minister? Smriti Irani: "We have already said that we will continue to boycott Chidambaram for his role in the 2G scam"
Dec 8, 2011 India no longer a preferred destination for MNCs, we have lots of issues: Microsoft: ""It doesn't make sense any more. For MNCs India is no longer a preferred destination. We have lots of issues concerning our operation here,""
Dec 8, 2011 SM Krishna pins hopes on judiciary after FIR in mining scam: "External affairs minister SM Krishna on Thursday said he had no role in issuance of licences for mining as chief minister"
Dec 8, 2011 FIR against SM Krishna in illegal mining case: "Congress MP Dharam Singh and JDS MP HD Kumaraswamy have also been accused in the illegal mining case."
Dec 8, 2011 India Inc more tolerant to economic crimes than global peers: Pricewaterhouse-Coopers: "India Inc seems to be more tolerant to economic crimes such as bribery and corruption than its global peers, as companies felt these were necessary for survival"
Dec 8, 2011 Foreign investors shun India as it runs scared from big bang reforms: "Prime Minister Manmohan Singh’s government took “one step forward, two steps back”"
Dec 8, 2011 BBC: India parliament uproar over Chidambaram: "India's opposition MPs have called for the resignation of Home Minister P Chidambaram in connection with India's biggest corruption scandal."
Dec 8, 2011 Growing economic power corrupts: "Anna Hazare brought the attention of the world to the endemic corruption in his country by going on a hunger strike until the politicians acted."
Dec 7, 2011 Bailout queue at govt’s door is lengthening: Next, BSNL: "In the year to March 2011, India’s public sector telecom torch-bearers were in need of pall-bearers, with losses of Rs 6,384 crore and Rs 2,826 crore, respectively.", "One number tells the whole story: with 3,57,000 employees, BSNL produces Rs 27,044 crore in annual revenues. Bharti Airtel, with just 5 percent of BSNL’s employee strength, had a turnover that was more than twice its size at Rs 59,467 crore. Vodafone, with more than 12 times its revenue globally, has all of 84,000 employees."
Dec 7, 2011 India may face its worst financial crisis in decades as rupee retreats: "India has recently been running large current account and fiscal deficits."
Dec 6, 2011 Black money trail: Indian companies still parking funds in tax havens: "The top 10 investment destinations for Indian companies in the last three years are all tax havens"
Dec 6, 2011 After Karnataka, mining scam in MP?: "NDA convener and JD-U chief Sharad Yadav on Monday (December 5) alleged a "Bellary like mining scam" in BJP-ruled Madhya Pradesh and demanded action against those involved in it."
Dec 5, 2011 Retail fiasco, wholesale embarrassment: Congress lost in blunderland
Dec 5, 2011 Corruption in India: Major challenge for Swedish firms: "Swedish companies operating in the country rate India as "very poor" in terms of corruption and bureaucracy, a survey said."
Dec 5, 2011 BJP accuses Mayawati, her brother of running 26 corrupt companies: "released a list of 26 companies at a press conference alleging that they were being run by Kumar. He also alleged that the money invested in the companies had been earned through corrupt means."
Dec 4, 2011 Mid air breach over Mumbai: "Yet another mid air scare over Mumbai's skies, the breach when one of the 2 flights - Air Arabia and Qatar airways - allegedly strayed from its dedicated flight path."
Dec 4, 2011 Rs 6,994 cr estimated loss for Air India in 2010-11: ""Based on April-September, 2011 out of 175 services, 8 services not meeting fuel cost, 109 services meeting fuel cost but not meeting cash cost, 56 services meeting cash cost but not meeting total cost and two services meeting total cost,""
Dec 4, 2011 Delhi hospital dumps bio-medical waste in open: "Patel Chest Institute dumps medical waste like syringes and contaminated blood in an a municipal garbage bin."
Dec 4, 2011 Mining scam: Srilakshmi to be produced in court: "IAS bodies are worried that officers are becoming scapegoats while politicians are roaming scott-free."
Dec 4, 2011 Raja, Behura & Chandolia ‘core sector’ of 2G scam, says CBI: "Former Telecom Minister A Raja and two former bureaucrats RK Chandolia and Siddharth Behura were the “core sector” of conspiracy"
Dec 4, 2011 India registers lowest GDP in 2 years: "The last time India's GDP growth fell below 7 per cent was in 2009 when developed economies just stepped out of the financial crisis."
Dec 4, 2011 India not shining, economic growth dips to 6.9%: "India's GDP grew by just 6.9 per cent in the second quarter this fiscal in comparison to 8.4 per cent expansion in the same period last year due to poor performance of the manufacturing, agriculture and mining sectors."
Dec 4, 2011 Rupee suffers worst fall in 16 years, sheds 6.7% in November: "plunging nearly 7 percent and hitting a record low"
Dec 4, 2011 Petrol in India costlier than in US: "the Rs 66.42 per litre price of petrol in Delhi includes Rs 26.59 a litre because of taxes (both central excise and local sales tax or VAT)."
Dec 4, 2011 Will her father reward Kanimozhi for ‘sacrifice’?: "Kanimozhi is likely to rewarded with a party post for "enduring" 190 days in Tihar jail. This is the buzz in the DMK as party chief M Karunanidhi's daughter prepares to fly down home to a grand reception in Chennai."
Dec 4, 2011 Govt mulls Rs 30,000 crore bailout package for Air India: "government is considering writing off Rs 4,500 crore cash loss of Air India, infusing additional equity of Rs 6,750 crore and Rs 17,000-18,000 crore for its fleet acquisition programme."
Dec 4, 2011 Mamata Banerjee’s foreign nemesis: a Rs 4.5 cr lawsuit: "For the Railways’ babus, the ‘penalty’ amount is not exceptionally big. But the fear that the Comptroller and Auditor General (CAG) will attribute this sheer wastage of money to Mamata Banerjee has made them extremely anxious."
Dec 4, 2011 1996 telecom scam: Ex-minister Sukhram gets bail: "Sukhram has been granted bail on a surety of of Rs 10 lakh and on the condition that he cannot leave the country."
Dec 4, 2011 IAS officer arrested in OMC mining scam: "The CBI today arrested IAS officer Y Srilakshmi in connection with the scam involving Obulapuram Mining Company (OMC), owned by former Karnataka Minister Gali Janardhan Reddy."
Dec 4, 2011 CBI nabs Andhra official in illegal mining case: "The Central Bureau of Investigation (CBI) Monday arrested Andhra Pradesh bureaucrat Y. Srilakshmi in the illegal mining case involving Obulapuram Mining Company (OMC) of former Karnataka minister Gali Janardhana Reddy."
Dec 4, 2011 India's exposure ‘to stocks one of the lowest in the world'
Dec 4, 2011 Book Indians with black money in foreign banks: Swamy
Dec 4, 2011 FDI in India: Government preferring American interest over its own people, says Team Anna
Dec 4, 2011 Kapil Sibal, the computer salesman who plays with other people's money: "India’s government-run schools are among the worst in the world, and for the most part, lack teachers and even infrastructure. The only lesson that India’s schools have to offer to the world is that schooling must not be confused with education, a fact demonstrated by the success of Indians around the world despite wasting several years in India’s dysfunctional education system."
Dec 4, 2011 Kapil Sibal, the computer salesman who plays with other people's money: "India’s government-run schools are among the worst in the world, and for the most part, lack teachers and even infrastructure. The only lesson that India’s schools have to offer to the world is that schooling must not be confused with education, a fact demonstrated by the success of Indians around the world despite wasting several years in India’s dysfunctional education system."
Dec 4, 2011 Response to the Ministry of Truth and Propaganda: "The government's claims cannot be taken seriously as it comes from the Press Information Bureau of the Ministry of Information and Broadcasting. This bureau is really the division of disinformation and has a sordid past. As for the Ministry itself, Orwellian ministries should have Orwellian names and it ought to be called the Ministry of Truth and Propaganda."
Dec 4, 2011 Krishna lands in illegal mining dock: "during his tenure (1999 to 2004) as chief minister, Krishna had not only sanctioned mining lease on old rates but also de-reserved forest land, despite severe opposition from the department of forest and environment."
Dec 4, 2011 WB: 2 dead in police crackdown on power theft: "A 30-year old woman and a 14-year old were killed as the power theft crackdown by police turned violent."
Dec 3, 2011 Sukna scam: Lt Gen Prakash found guilty, sacked: "The Army officer is the first Lt General to be dismissed from service."
Dec 3, 2011 CJ Report on black-marketing of LPG cylinders: "CJ Samar Gupta reports from Alwar on misuse of domestic LPG cylinders in the city, that leads to black-marketing."
Dec 3, 2011 Sukna land scandal: Army court orders dismissal of Lt Gen Avadesh Prakash: "He was found guilty of colluding with a private real estate developer for the transfer of 70 acres of land"
Dec 3, 2011 S M Krishna, two ex-chief ministers face probe in mining scam: "Besides Krishna, two other former CMs Dharam Singh and Kumaraswamy, both are MPs now, and 11 senior officials have been accused of conspiracy and corruption. The complainant stated that Singh ordered issuance of temporary transport permits for the movement of iron and manganese ore from agricultural patta lands, resulting in a loss of Rs 23.22 crore to the government. He stated that Kumaraswamy had illegally approved a mining lease in 550 acres of land in favour of Shree Sai Venkateshwara Minerals and committed illegalities with Jantkal Mining Company."
Dec 2, 2011 It's Season Of Scams In Jaipur In Connivance With Police: "the state police chief is now saying that he suspects the complicity of some senior police officials in the Gold Sukh and Eve Dreams scams."
Dec 2, 2011 Indian skies safe despite 'fake' pilots, says regulator: "A total of 16 'fake' pilots employed by major domestic airlines, including state-owned national carrier Air India, as well as leading private airlines Jet Airways, SpiceJet and IndiGo were uncovered by investigators"
Dec 2, 2011 BBC: India telecoms trial bail blocked for RK Chandolia: "Fourteen people are on trial for the alleged mis-selling of telecoms licences which auditors say cost the country about $40bn (£24.5bn)."
Dec 2, 2011 Tainted IAS officer Srilakshmi out on conditional bail: "conditional bail to senior IAS officer Yerra Srilakshmi who was arrested on the charge of favouring mining firms owned by former Karnataka minister Gali Janardhana Reddy."
Dec 2, 2011 IAS topper arrives in jail: "Srilakshmi was put up in an anteroom in one of the suites after she requested not to be sent to a police station lock-up. She was allowed food from her home — a 12-room bungalow with a garden and a tennis court — a courtesy extended because she is an IAS officer and the wife of an IPS officer"
Dec 2, 2011 FIR against Stalin, son and four others: "An FIR was registered against DMK leader M K Stalin, his son Udhayanidhi and four others for allegedly threatening a person to sell his property at a prime locality at a lesser price."
Dec 2, 2011 IAS officer gets bail in illegal mining case in Karnataka: "A local court today granted bail to senior IAS officer Yerra Srilakshmi who was arrested on charges of abusing her official position and granting favours to a mining company owned by former Karnataka minister Gali Janardhan Reddy."
Dec 1, 2011 IAS officer Srilakshmi suspended: "The Andhra Pradesh government on Thursday suspended Y Srilakshmi, a 1988-batch Indian Administrative Service (IAS) officer arrested recently in connection with the illegal mining case."
Nov 30, 2011 Corporators humiliate whistleblower: "Ironically enough, the MLAs and corporators expressed their sympathy for Gandhi Nagar division executive engineer Idaya Vendon, who was arrested in connection with the scam, and demanded his release and revocation of his suspension."
Nov 30, 2011 Labourer ‘buys' Chhattisgarh land worth Rs3cr: "He was simply roped in to act as a front by a power company that wanted to buy tribal land but did not want to compensate the tribals with a fair price and jobs,""
Nov 29, 2011 Maharashtra tops fake note haul with 85% of total seizure: "Government on Tuesday informed the Lok Sabha that the Reserve Bank of India (RBI) and state police had recovered fake Indian currency notes (FICN) worth over Rs 81 crore in Maharashtra"
Nov 29, 2011 Behind biggest I-T seizure, a case of multiplying crores: "Having dropped out after matriculation, Lal Babu’s rise to riches, officials say, began with his association with two BCCL general managers, D C Jha and S P Singh, as well as BJP Jharia MLA Kunti Singh. The latter is the widow of the late coal mafia don Surya Dev Singh."
Nov 27, 2011 India Inc looks to invest overseas: "buzz in corporate boardrooms is gathering momentum as India Inc, seized of policy and operational bottlenecks in setting up projects in India, is now looking to invest abroad"
Nov 27, 2011 At a crossroads once again: "It was in 1980 that the former Maharashtra Chief Minister A.R. Antulay realised to his misfortune that it was not alright for his Government to allot cement to those who desperately needed it, just days after they made a donation to one of the innumerable trusts floated by him."
Nov 27, 2011 Madhya Pradesh Congress demands CBI enquiry into mining leases given in state: "alleged that the scam in allotment of mining leases in the State was bigger than that of Bellary."
Nov 26, 2011 Jaipur - 300 Crore MLM scam Gold Sukh Trade India Limited
Nov 26, 2011 Dam ‘sold’ twice to same pvt firm
Nov 26, 2011 FDI decision taken to help Rahul's foreign friends: Mayawati: ""Rahul Gandhi has always stayed abroad and earlier he used to get his foreign friends to stay in the houses of poor people in Uttar Pradesh, make fun of poverty and now they are getting foreign companies into India,""
For old indian industries news, please click in the sub-menu navigation bar above
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Dec 15, 2011 Who Plays Judge?: "If there’s an issue, take it to court, because society has mandated that responsibility to the judiciary—not to Kapil Sibal or Google or Facebook or Twitter."
Dec 15, 2011 AI pilots resign over unpaid salary: "About 50 Air India pilots have resigned due to non-payment of allowances and delay in payment of their salaries this year,"
Dec 15, 2011 Falling numbers: "The index of industrial production (IIP) saw a shocking and sudden decline in output in October."
Dec 15, 2011 PC in trouble, BJP cries conflict of interest: "The latest controversy concerns the Metropolitan Hotel in the Capital and its owners."
Dec 15, 2011 UK regulator names Anil Ambani owner of ‘illegal’ Mauritius fund: "Is Anil Ambani the real owner of the Mauritius-based investment vehicle Pleuri, which invests in Indian stocks?"
Dec 15, 2011 Views | What Indian companies can do about corruption
Dec 15, 2011 Chidambaram ex-client's FIR quashing row: Law ministry note exposes MHA claims: "Fresh documents raise questions about the home ministry's claim that it did not give any orders on withdrawal of the three FIRs against a Delhi businessman SP Gupta who was once a client of P Chidambaram."
Dec 14, 2011 Rupee drops to historic low of 53.40 as investors flee to $ haven
Dec 14, 2011 Mr Sibal: whip the NIC into shape first, then fret about internet underbelly: "Most ministers use public/free gmail accounts to communicate because their nic accounts either don't work or cannot be accessed through smartphones", "“The Ministry of Commerce sends market-moving inflation data via a Gmail account, and the Indian Air Force uses another to send media updates on competitive bidding for an $11 billion combat-jet program. After a 6 July interview with Bloomberg News, Attorney General Goolam Vahanvati handed out Hotmail and Gmail addresses as the best ways to contact him.”", "The problem though is that a mail I sent to mocit@nic.in from my official company id bounced back!! I am sure though I will still be able to reach Mr. Sibal at his hotmail account."
Dec 14, 2011 Bhujbal resignation demand rows: "The Opposition parties in Maharashtra on Tuesday (December 13) staged a walkout in the assembly as they were not satisfied by the explanation given by PWD Minister Chhagan Bhujbal about the huge donations received by Bhujbal Foundation from India Bulls group."
Dec 14, 2011 Rupee may fall further, touch 54 against dollar
Dec 14, 2011 Babus in Rs 3 lakh cr Odisha mining scam: Report: "We did not find any direct evidence against the politicians and their role need further probe, MB Shah said."
Dec 14, 2011 Maha Min Bhujbal rubbishes allegations: "the sum of Rs 2.45 crore donated to his trust was after the minister cleared a contract in favour of the company."
Dec 14, 2011 Katta, son granted bail in KIADB scam case: "The Lokayukta Court on Monday granted bail to former minister Katta Subramanya Naidu, his corporator son Jagadish and S V Srinivas, Managing Director of Itasca software firm, the main accused in Karnataka Industrial Area Development Board (KIADB) land scam."
Dec 14, 2011 Industrial growth shrinks, CII warns of job cuts: "The Confederation of Indian Industry has appealed for urgent measures to tackle the slowdown."
Dec 14, 2011 CBI chargesheets Essar, Loop Telecom in 2G: "In the chargesheet CBI has named Anshuman Ruia, Ravi Ruia, Kiran Khaitan, IP Khaitan and Vikas Saraf."
Dec 14, 2011 India's October industrial production tumbles 5.1%: "Production at factories, mines and utilities plunged 5.1% from a year earlier, far worse than a median forecast for a 0.5% drop"
Dec 14, 2011 Rupee hits new record low of 52.77 per dollar
Dec 14, 2011 2G case: CBI files third chargesheet, names Ruias and Khaitans: "All of them have been chargesheeted under section 120 B (criminal conspiracy) and 420 (cheating) of the IPC."
Dec 14, 2011 India’s billionaires frustrated, want to shift base overseas: "Several Indian billionaires say they are frustrated enough to want to shift base overseas and run their increasingly transnational business empires from cities like London and Singapore. "I'm sick and tired of what's happening here. I don't want to live in this country anymore," said one of India's biggest barons."
Dec 14, 2011 BBC: India telecoms fraud case: New accused named: "mis-selling of telecoms licences which auditors say cost the country about $40bn (£24.5bn). A spokesperson for the CBI said Essar's Ravi Ruia, Anshuman Ruia and Vikas Saraf, and Loop Telecom's Kiran Khaitan and IP Khaitan were the new accused."
Dec 13, 2011 Smart money is losing faith in India, the broken BRIC: "Is India the broken BRIC? Global investors end 2011 overweight Brazil, Russia, and China, but resolutely underweight India"
Dec 11, 2011 India Inc: Don’t blame govt, blame yourselves for current mess: "the scams that have erupted —telecom , mining , land grabbing —all involve corporate India."
Dec 11, 2011 BJP accuses Mayawati, her kin of 'hiding' money in companies: "has found over 125 companies connected with Mayawati's "friends and family"."
Dec 11, 2011 Reuters: Government admits $9 billion export gaffe: "Already battered by corruption scandals, and less than a week after an embarrassing policy U-turn, the government admitted on Friday that it had accidentally inflated this year's export figures by more than $9 billion."
Dec 11, 2011 How much do the corrupt earn?: "Public officials in India may be cornering as much as Rs.92,122 crore ($18.42 billion), or 1.26 per cent of the GDP, through corruption", "Real estate and related business services involving registration of property and stamp duties account for Rs.12,534 crore ($2.5 billion) in corruption"
Dec 11, 2011 Flying freebies: "The human resources committee of the carrier has found the temerity to propose to the Air India board that its CMD and numerous directors and general managers, along with their spouses, parents, siblings and children, be given free air tickets.", "And when officers pass away, the favours will be passed on a generation like heirlooms."
Dec 11, 2011 Cop vanishes with seized Rs.1.5 crore: "While special teams intercepted four vehicles, they are said to have stopped only one vehicle and allowed the other vehicles to flee the scene with the huge cash collected from innocent depositors."
Dec 10, 2011 Noteworthy: Rs 500 minting up 17 fold in 10 yrs: "there are fewer notes of Rs 20 and Rs 50, whether individually or collectively, than the total number of Rs 500 notes out there."
Dec 10, 2011 Rs 2,150,000,000,000: that’s our gold import bill this year: "Commerce Secretary Rahul Khullar says that the overall trade deficit will be in the range of $155-160 billion in 2011-12."
Dec 10, 2011 Bad data? Why $9.4 bn export reporting ‘mistake’ is a scandal: "Where did the rest of the $28-and-odd billion come from? From itsy-bitsy small engineering companies that are not in the BSE 500? Or was so much of illegal ore mined and sent by the Reddy brothers and their ilk in Goa, Odisha, Karnataka, and Jharkhand?"
Dec 10, 2011 On Empty Shelves The UPA’s reforms agenda hits a nadir with FDI retail flopshow
Dec 10, 2011 Shroud Of Paled Hope - Six months on, Mamata’s TMC has ill-used the carte blanche given it by Bengal’s voters : "Unable to come up with a viable plan to reduce burden of Rs 2,00,000 crore deficit"
Dec 10, 2011 Ramdev threatens hunger strike against illegal mining in Goa: "If required, I would sit for hunger strike in Goa against those involved in it. Can we allow these looters to be elected to the Assembly?”"
Dec 9, 2011 Software glitch inflated India's exports by $9bn, admits govt: "exports growing by only 4.2% to $22.3 billion in November. With imports growing at 29% to $35.9 billion"
Dec 9, 2011 Kolkata: 6 AMRI directors arrested after 88 die: "The six who have been arrested are SK Todi, RS Goenka, Ravi Todi, Manish Goenka, Prasanta Goenka and Dayananda Agarwal."
Dec 8, 2011 Trouble for Air India: "The Central service tax authority on Thursday (December 8) froze 11 of Air India's accounts. Service tax officials say AI has to pay 110 crore towards the service tax dues to the government. They have collected the tax from the passengers but not paid to the government."
Dec 8, 2011 Chidu’s involvement in 2G scam dents investor confidence: "Chidambaram’s involvement in the scam raises questions over the government’s stability and the depth of the 2G scam."
Dec 8, 2011 Google V/s Kapil Sibal: "Google pointed to its Transparency Report which effectively demolishes Mr Sibal's claims, as it points out that out of 358 items requested to be removed in the period Jan-June 2011, only 8 requests pertained to hate speech, while there were as many as 255 complaints against "Government criticism"."
Dec 8, 2011 AI fails to pay service tax, accounts frozen: "The airline has to pay Rs 100 cr to clear the service tax. Kingfisher accounts, too, may have been frozen."
Dec 8, 2011 Can CBI probe the Home Minister? Smriti Irani: "We have already said that we will continue to boycott Chidambaram for his role in the 2G scam"
Dec 8, 2011 India no longer a preferred destination for MNCs, we have lots of issues: Microsoft: ""It doesn't make sense any more. For MNCs India is no longer a preferred destination. We have lots of issues concerning our operation here,""
Dec 8, 2011 SM Krishna pins hopes on judiciary after FIR in mining scam: "External affairs minister SM Krishna on Thursday said he had no role in issuance of licences for mining as chief minister"
Dec 8, 2011 FIR against SM Krishna in illegal mining case: "Congress MP Dharam Singh and JDS MP HD Kumaraswamy have also been accused in the illegal mining case."
Dec 8, 2011 India Inc more tolerant to economic crimes than global peers: Pricewaterhouse-Coopers: "India Inc seems to be more tolerant to economic crimes such as bribery and corruption than its global peers, as companies felt these were necessary for survival"
Dec 8, 2011 Foreign investors shun India as it runs scared from big bang reforms: "Prime Minister Manmohan Singh’s government took “one step forward, two steps back”"
Dec 8, 2011 BBC: India parliament uproar over Chidambaram: "India's opposition MPs have called for the resignation of Home Minister P Chidambaram in connection with India's biggest corruption scandal."
Dec 8, 2011 Growing economic power corrupts: "Anna Hazare brought the attention of the world to the endemic corruption in his country by going on a hunger strike until the politicians acted."
Dec 7, 2011 Bailout queue at govt’s door is lengthening: Next, BSNL: "In the year to March 2011, India’s public sector telecom torch-bearers were in need of pall-bearers, with losses of Rs 6,384 crore and Rs 2,826 crore, respectively.", "One number tells the whole story: with 3,57,000 employees, BSNL produces Rs 27,044 crore in annual revenues. Bharti Airtel, with just 5 percent of BSNL’s employee strength, had a turnover that was more than twice its size at Rs 59,467 crore. Vodafone, with more than 12 times its revenue globally, has all of 84,000 employees."
Dec 7, 2011 India may face its worst financial crisis in decades as rupee retreats: "India has recently been running large current account and fiscal deficits."
Dec 6, 2011 Black money trail: Indian companies still parking funds in tax havens: "The top 10 investment destinations for Indian companies in the last three years are all tax havens"
Dec 6, 2011 After Karnataka, mining scam in MP?: "NDA convener and JD-U chief Sharad Yadav on Monday (December 5) alleged a "Bellary like mining scam" in BJP-ruled Madhya Pradesh and demanded action against those involved in it."
Dec 5, 2011 Retail fiasco, wholesale embarrassment: Congress lost in blunderland
Dec 5, 2011 Corruption in India: Major challenge for Swedish firms: "Swedish companies operating in the country rate India as "very poor" in terms of corruption and bureaucracy, a survey said."
Dec 5, 2011 BJP accuses Mayawati, her brother of running 26 corrupt companies: "released a list of 26 companies at a press conference alleging that they were being run by Kumar. He also alleged that the money invested in the companies had been earned through corrupt means."
Dec 4, 2011 Mid air breach over Mumbai: "Yet another mid air scare over Mumbai's skies, the breach when one of the 2 flights - Air Arabia and Qatar airways - allegedly strayed from its dedicated flight path."
Dec 4, 2011 Rs 6,994 cr estimated loss for Air India in 2010-11: ""Based on April-September, 2011 out of 175 services, 8 services not meeting fuel cost, 109 services meeting fuel cost but not meeting cash cost, 56 services meeting cash cost but not meeting total cost and two services meeting total cost,""
Dec 4, 2011 Delhi hospital dumps bio-medical waste in open: "Patel Chest Institute dumps medical waste like syringes and contaminated blood in an a municipal garbage bin."
Dec 4, 2011 Mining scam: Srilakshmi to be produced in court: "IAS bodies are worried that officers are becoming scapegoats while politicians are roaming scott-free."
Dec 4, 2011 Raja, Behura & Chandolia ‘core sector’ of 2G scam, says CBI: "Former Telecom Minister A Raja and two former bureaucrats RK Chandolia and Siddharth Behura were the “core sector” of conspiracy"
Dec 4, 2011 India registers lowest GDP in 2 years: "The last time India's GDP growth fell below 7 per cent was in 2009 when developed economies just stepped out of the financial crisis."
Dec 4, 2011 India not shining, economic growth dips to 6.9%: "India's GDP grew by just 6.9 per cent in the second quarter this fiscal in comparison to 8.4 per cent expansion in the same period last year due to poor performance of the manufacturing, agriculture and mining sectors."
Dec 4, 2011 Rupee suffers worst fall in 16 years, sheds 6.7% in November: "plunging nearly 7 percent and hitting a record low"
Dec 4, 2011 Petrol in India costlier than in US: "the Rs 66.42 per litre price of petrol in Delhi includes Rs 26.59 a litre because of taxes (both central excise and local sales tax or VAT)."
Dec 4, 2011 Will her father reward Kanimozhi for ‘sacrifice’?: "Kanimozhi is likely to rewarded with a party post for "enduring" 190 days in Tihar jail. This is the buzz in the DMK as party chief M Karunanidhi's daughter prepares to fly down home to a grand reception in Chennai."
Dec 4, 2011 Govt mulls Rs 30,000 crore bailout package for Air India: "government is considering writing off Rs 4,500 crore cash loss of Air India, infusing additional equity of Rs 6,750 crore and Rs 17,000-18,000 crore for its fleet acquisition programme."
Dec 4, 2011 Mamata Banerjee’s foreign nemesis: a Rs 4.5 cr lawsuit: "For the Railways’ babus, the ‘penalty’ amount is not exceptionally big. But the fear that the Comptroller and Auditor General (CAG) will attribute this sheer wastage of money to Mamata Banerjee has made them extremely anxious."
Dec 4, 2011 1996 telecom scam: Ex-minister Sukhram gets bail: "Sukhram has been granted bail on a surety of of Rs 10 lakh and on the condition that he cannot leave the country."
Dec 4, 2011 IAS officer arrested in OMC mining scam: "The CBI today arrested IAS officer Y Srilakshmi in connection with the scam involving Obulapuram Mining Company (OMC), owned by former Karnataka Minister Gali Janardhan Reddy."
Dec 4, 2011 CBI nabs Andhra official in illegal mining case: "The Central Bureau of Investigation (CBI) Monday arrested Andhra Pradesh bureaucrat Y. Srilakshmi in the illegal mining case involving Obulapuram Mining Company (OMC) of former Karnataka minister Gali Janardhana Reddy."
Dec 4, 2011 India's exposure ‘to stocks one of the lowest in the world'
Dec 4, 2011 Book Indians with black money in foreign banks: Swamy
Dec 4, 2011 FDI in India: Government preferring American interest over its own people, says Team Anna
Dec 4, 2011 Kapil Sibal, the computer salesman who plays with other people's money: "India’s government-run schools are among the worst in the world, and for the most part, lack teachers and even infrastructure. The only lesson that India’s schools have to offer to the world is that schooling must not be confused with education, a fact demonstrated by the success of Indians around the world despite wasting several years in India’s dysfunctional education system."
Dec 4, 2011 Kapil Sibal, the computer salesman who plays with other people's money: "India’s government-run schools are among the worst in the world, and for the most part, lack teachers and even infrastructure. The only lesson that India’s schools have to offer to the world is that schooling must not be confused with education, a fact demonstrated by the success of Indians around the world despite wasting several years in India’s dysfunctional education system."
Dec 4, 2011 Response to the Ministry of Truth and Propaganda: "The government's claims cannot be taken seriously as it comes from the Press Information Bureau of the Ministry of Information and Broadcasting. This bureau is really the division of disinformation and has a sordid past. As for the Ministry itself, Orwellian ministries should have Orwellian names and it ought to be called the Ministry of Truth and Propaganda."
Dec 4, 2011 Krishna lands in illegal mining dock: "during his tenure (1999 to 2004) as chief minister, Krishna had not only sanctioned mining lease on old rates but also de-reserved forest land, despite severe opposition from the department of forest and environment."
Dec 4, 2011 WB: 2 dead in police crackdown on power theft: "A 30-year old woman and a 14-year old were killed as the power theft crackdown by police turned violent."
Dec 3, 2011 Sukna scam: Lt Gen Prakash found guilty, sacked: "The Army officer is the first Lt General to be dismissed from service."
Dec 3, 2011 CJ Report on black-marketing of LPG cylinders: "CJ Samar Gupta reports from Alwar on misuse of domestic LPG cylinders in the city, that leads to black-marketing."
Dec 3, 2011 Sukna land scandal: Army court orders dismissal of Lt Gen Avadesh Prakash: "He was found guilty of colluding with a private real estate developer for the transfer of 70 acres of land"
Dec 3, 2011 S M Krishna, two ex-chief ministers face probe in mining scam: "Besides Krishna, two other former CMs Dharam Singh and Kumaraswamy, both are MPs now, and 11 senior officials have been accused of conspiracy and corruption. The complainant stated that Singh ordered issuance of temporary transport permits for the movement of iron and manganese ore from agricultural patta lands, resulting in a loss of Rs 23.22 crore to the government. He stated that Kumaraswamy had illegally approved a mining lease in 550 acres of land in favour of Shree Sai Venkateshwara Minerals and committed illegalities with Jantkal Mining Company."
Dec 2, 2011 It's Season Of Scams In Jaipur In Connivance With Police: "the state police chief is now saying that he suspects the complicity of some senior police officials in the Gold Sukh and Eve Dreams scams."
Dec 2, 2011 Indian skies safe despite 'fake' pilots, says regulator: "A total of 16 'fake' pilots employed by major domestic airlines, including state-owned national carrier Air India, as well as leading private airlines Jet Airways, SpiceJet and IndiGo were uncovered by investigators"
Dec 2, 2011 BBC: India telecoms trial bail blocked for RK Chandolia: "Fourteen people are on trial for the alleged mis-selling of telecoms licences which auditors say cost the country about $40bn (£24.5bn)."
Dec 2, 2011 Tainted IAS officer Srilakshmi out on conditional bail: "conditional bail to senior IAS officer Yerra Srilakshmi who was arrested on the charge of favouring mining firms owned by former Karnataka minister Gali Janardhana Reddy."
Dec 2, 2011 IAS topper arrives in jail: "Srilakshmi was put up in an anteroom in one of the suites after she requested not to be sent to a police station lock-up. She was allowed food from her home — a 12-room bungalow with a garden and a tennis court — a courtesy extended because she is an IAS officer and the wife of an IPS officer"
Dec 2, 2011 FIR against Stalin, son and four others: "An FIR was registered against DMK leader M K Stalin, his son Udhayanidhi and four others for allegedly threatening a person to sell his property at a prime locality at a lesser price."
Dec 2, 2011 IAS officer gets bail in illegal mining case in Karnataka: "A local court today granted bail to senior IAS officer Yerra Srilakshmi who was arrested on charges of abusing her official position and granting favours to a mining company owned by former Karnataka minister Gali Janardhan Reddy."
Dec 1, 2011 IAS officer Srilakshmi suspended: "The Andhra Pradesh government on Thursday suspended Y Srilakshmi, a 1988-batch Indian Administrative Service (IAS) officer arrested recently in connection with the illegal mining case."
Nov 30, 2011 Corporators humiliate whistleblower: "Ironically enough, the MLAs and corporators expressed their sympathy for Gandhi Nagar division executive engineer Idaya Vendon, who was arrested in connection with the scam, and demanded his release and revocation of his suspension."
Nov 30, 2011 Labourer ‘buys' Chhattisgarh land worth Rs3cr: "He was simply roped in to act as a front by a power company that wanted to buy tribal land but did not want to compensate the tribals with a fair price and jobs,""
Nov 29, 2011 Maharashtra tops fake note haul with 85% of total seizure: "Government on Tuesday informed the Lok Sabha that the Reserve Bank of India (RBI) and state police had recovered fake Indian currency notes (FICN) worth over Rs 81 crore in Maharashtra"
Nov 29, 2011 Behind biggest I-T seizure, a case of multiplying crores: "Having dropped out after matriculation, Lal Babu’s rise to riches, officials say, began with his association with two BCCL general managers, D C Jha and S P Singh, as well as BJP Jharia MLA Kunti Singh. The latter is the widow of the late coal mafia don Surya Dev Singh."
Nov 27, 2011 India Inc looks to invest overseas: "buzz in corporate boardrooms is gathering momentum as India Inc, seized of policy and operational bottlenecks in setting up projects in India, is now looking to invest abroad"
Nov 27, 2011 At a crossroads once again: "It was in 1980 that the former Maharashtra Chief Minister A.R. Antulay realised to his misfortune that it was not alright for his Government to allot cement to those who desperately needed it, just days after they made a donation to one of the innumerable trusts floated by him."
Nov 27, 2011 Madhya Pradesh Congress demands CBI enquiry into mining leases given in state: "alleged that the scam in allotment of mining leases in the State was bigger than that of Bellary."
Nov 26, 2011 Jaipur - 300 Crore MLM scam Gold Sukh Trade India Limited
Nov 26, 2011 Dam ‘sold’ twice to same pvt firm
Nov 26, 2011 FDI decision taken to help Rahul's foreign friends: Mayawati: ""Rahul Gandhi has always stayed abroad and earlier he used to get his foreign friends to stay in the houses of poor people in Uttar Pradesh, make fun of poverty and now they are getting foreign companies into India,""
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