Thursday, December 23, 2010

Food inflation spikes, Govt blames the onion

Tuesday, December 14, 2010

Maran denies wrongdoing in 2G spectrum allocation



Chennai:  Union Textiles Minister Dayanidhi Maran on Saturday denied any wrongdoing in 2G spectrum allocation and its pricing during his tenure as the Telecom Minister and alleged selective leaks of communication between him and Prime Minister Manmohan Singh on the issue.

Talking to media in Chennai, he also defended Singh describing him as a "bold" and "honest" leader.

Maran said the media was making an issue of a letter by him in 2006 to the Prime Minister on spectrum pricing, connecting it to the "present scenario".



Read more at: http://www.ndtv.com/article/india/maran-denies-wrongdoing-in-2g-spectrum-allocation-67503?cp

Monday, December 6, 2010

India, France unveil deals worth upto $ 20 bln

France's President Nicolas Sarkozy on Monday unveiled upto $ 20 billion worth of defence, atomic energy and civil aviation deals with emerging market giant India during a four-day trip to the country.
Following are details of signed deals between India and France, agreements close to completion, and possible future deals:
Signed deals:
India, France unveil deals worth upto $ 20 bln

AREVA: In a deal estimated at 7 billion euros ($ 9.3 billion), French nuclear power group Areva signed a framework agreement with state-owned Nuclear Power Corporation of India to provide two water pressurised reactors to a site in the western state of Maharashtra.
Construction for the reactors, the first in a series that France is expecting to supply, will start next year and operations will start by 2018. The deal includes the supply of reactor fuel for 25 years.
AIRBUS: State-owned carrier Air India and private airline Jet Airways signed contracts to lease four and 10 Airbus A330 aircraft respectively from the European group Airbus, in separate deals worth a total of 2.8 billion euros ($ 3.7 billion) based on the catalogue price.
MICHELIN: French tyre maker Michelin signed a protocol contract with the southern Indian state of Tamil Nadu to invest around 600 million euros in a factory. Read More

UPA meet to discuss JPC postponed

UPA meet to discuss JPC postponedThe Government had called an emergency meeting of all UPA allies to discuss ways to end the 2G logjam.

Tuesday, November 30, 2010

2G scam: How can Thomas objectively supervise inquiry, asks Supreme Court

A new wave has crashed into the tsunami of the 2G scam after the Supreme Court questioned how PJ Thomas can, as the Central Vigilance Commissioner (CVC), monitor the case objectively - he was the Telecom Secretary when the department allegedly took decisions that cost the government Rs. 1.76 lakh crore in what's received top billing among India's many scams. (Read more...)

Monday, November 29, 2010

2G scam: Govt to issue notices to 85 telecom firms

 
Telecom minister Kapil Sibal on Monday said notices will be served on all firms that suppressed facts to buy licences and airwaves for mobile phone services in the country and had fallen short of their roll-out obligations.
 
 
He also assured a thorough probe to see if they had manipulated the self-certification process about their financial strength and their main business - as specified in their memorandum of association - to get licences for telephone services.