Tag: Government

Government lost Rs10.67 lakh crore by not auctioning coal

Mar. 23 Business, India News Comments Off

The Comptroller and Auditor General (CAG) deals bad allegations indirectly that it was behind the leakage of the 110-page draft report of the coal ministry’s decision to approved 155 coal acreages without bidding for allocation of coal blocks between 2006 and 2009 that led to lose of Rs 10.67 lakh crore “revenues” to private and public firms.

Clarifying the denial report called “preliminary observations” that refused to be as per an initial draft, the CAG wrote a letter to the Prime Minister saying,” In the extant case the details being brought out were observations which are under discussion at a very preliminary stage and do not even constitute our pre-final draft and hence are exceedingly misleading…”

It said, the news report was “exceedingly misleading” and calling for investigation to know the source of the leak. Read more

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No extra cost for Aakash from students

Jan. 18 Business Comments Off

With a long range capability Aakash 2 tablet that is having a new protocol as result of ideas from students of IITs and engineering will easily get in and across India having no extra charges.

As per technology sector report, the scope of tablet market is rising very fast and having more in future. Seeing such boosting demand the govt. will order 70,000 improved Aakash tablets from Datawind as soon as or says next month .

Although Aakash tablet, featured by poor quality products, specifications and low battery life, had faced negative response of customers. But the upcoming improved version of Aakash tablet that is of Aakash 2 tablet will be three times faster with high range battery life from Aakash 1. Read more

Tags: , , , budget tablets, , , , , , , , sakshat, , ubislate, ubislate 7, ubislate 7 tablet, ubislate7+

Under pressure power producers expects Govt. support

Jan. 15 Business Comments Off

As per business sector report, a meeting of top power projects executives will be held on 18 January Wednesday with Prime Minister Manmohan Singh on the issue of bottlenecks on the road of power project.

However this is of the first time that all the top Companies executives have decided to meet with PM as a team. In the list some specific name of owner of firms are Ratan Tata, Anil Agarwal, Anil Ambani, Gautam Adani, Prashant Ruia, Sajjan and Naveen Jindal.

They all with other promoters and top executives will discuss their problem regarding additional capacity to be added in 12th Plan and ask PM Manmohan Singh to take a clear stand on this. Read more

Tags: Anil Agarwal, , , coal prices, , Finance Minister Pranab Mukherjee, Gautam Adani, , natural gas, , Prashant Ruia, , Private power, producers, , Sajjan and Naveen Jindal, shortage, soaring imported

Govt to unveil food bill in Parliament today

Dec. 22 Business Comments Off

The central government of the country is all set to unveil the food bill, as a move to give legal right on cheaper food-grains to 63.5 percent of nation’s population, in the Lok Sabha on Thursday.

Talking to media, the food minister KV Thomas said, “The National Food Security Bill will be introduced in Lok Sabha tomorrow.”

Food minister was talking to media in New Delhi on the sidelines of the 77th Annual General Meeting (AGM) of Indian Sugar Mills Association (ISMA).

He told media that permission was granted by the speaker to introduce the bill and the food gain bill would be soon preferred to the Parliamentary Standing Committee.

When asked to food minister that if concerns raised by some opposition parties, including AIADMK, the minister said, “The bill has been prepared after wide consultations in last two-and-a-half years among various stakeholders including state governments”. Read more

Tags: , , Food Bill, food minister KV Thomas, ,

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