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Prez refuses to sign SEBI ordinance, keeps PMO on tenterhooks for a few hrs

It was no less than a constitutional crisis averted just in time. On Thursday, the cabinet secretariat and prime minister’s office were rattled for a few hours when sources in the President’s secretariat told them that President Pranab

Former Deccan Chronicle director arrested

Troubles seem only to mount for debt-ridden Hyderabad-based Deccan Chronicle Holdings Ltd. A team of Chandigarh police arrested one of the publishing company`s former directors ina cheating case filed by a lender. Menakuru Sukumar R

TDP MLA`s role suspected in brother`s murder

A TDP MLA is in the dock following the gruesome murder of his younger brother, in an ugly fallout of panchayat poll politics in Andhra Pradesh. Yerra Jaganmohan, the brother of Jedcherla legislator Yerra Sekhar, was shot dead near the Devarakadra

Mittal no hero, Posco a victim or govt a villain

Lakshmi Mittal, the embattled brown-field steel magnet has announced a pull out from Orissa. Good for him. Salaries saved on his India employees may salvage the sale of his 12-bedroom hamlet in Central London. But trust our financial media

Who gains from 12-minute per hour cap on TV ads?

A cap on the limit of advertising time on television has polarised the views of the broadcasters and viewers. After a tug of war for quite some time, the Indian Broadcasters Federation (IBF) reluctantly agreed to the guidelines of the ministry of

Not all services available, CSCs under spotlight after 1st phase

The government’s ambitious network of 1 lakh common services centres (CSC), the front ends for delivery of public services across 6 lakh villages, continues to grapple with issues of unavailability of services and viability, even as the firs

Industry voices concern over procurement bill

Before the public procurement bill 2012 is passed by parliament, the IT industry has urged the government to incorporate its concerns.   Among others, one of the major issues concerning the industry is the unprecedented strength

Dear telegram STOP yours sincerely, twitter

I have never sent or received a telegram. Not in the 37-plus years that I have lived on this planet till date, nor on July 15, when the last ones went out as Bharat Sanchar Nigam Limited (BSNL), which ran it, wound up the service. I never needed t

Bhagidari: how a good plan goes wrong

Initiated in January 2000, the Delhi government’s Bhagidari programme is meant to promote broad-based civic participation in local governance. In simpler terms, to help residents deal with problems like erratic water supply, power outages, w

Bachendri Pal brings relief to Uttarakhand flood-affected

Even after one month of the havoc wreaked by cloud burst leading to flash floods and landslide in Uttarakhand, the government and other development agencies are still struggling to ensure that the relief materials reaches the most-affected and nee

Why midday meals are mishaps waiting to happen

While the politicians fight the political fight over the deaths in the Bihar midday meals tragedy – the state’s education minister, PK Sahi, on Wednesday morning told news channels that it is “not a case of food being contaminate

Jaya to use PSU divestment to reinforce federalism?

Tamil Nadu chief minister J Jayalalithaa has set a novel precedent for states to follow — the state government is buying up stake in different central public sector units (CPSUs) in disinvestment moves of the union government. The Tamil nadu

Ministers refuse to give up discretionary powers

A year after the government directed all central ministries to disclose their minister’s discretionary powers and frame guidelines to regulate them, the order has not been complied by 66 of 84 department/ministries, including ministries of r

How did a former RBI man end up on Yes Bank board?

Now that the Yes Bank saga seems to have entered the stage of the final hearing at the Bombay high court and it appears that its CEO and MD Rana Kapoor had written to the Reserve Bank of India (RBI) in 2012 requesting that Madhu Kapoor, widow of A

No faith in cops under Mamata: kin of rape victims

Days before he completes a year in Rashtrapati Bhavan, president Pranab Mukherjee has been forced to look into issues from his home state. Forced, because the issues at stake is poignant enough to move even the most hardened of politicians –

Iris Computers posts 34% sales growth for 2012-13

Amidst concerns of a slowing economy and declining demand, India’s top IT distributor Iris Computers has posted a 34 percent growth in its turnover to Rs 1,200 crore last year and the company has forecasted turnover to cross Rs 2000 crore in

Posh south Mumbai housing society abusing law, misguiding members

(This is first in a series of stories on flouting of norms by managing committees of cooperative housing societies in Mumbai). As the name suggests, Grand Paradi Cooperative Housing Society in south Mumbai

Unholy row breaks out between Sathya Sai Baba`s relatives

In grim fallout of a bitter turf war within the family of Sathya Sai Baba of Puttaparthi, a first cousin of the departed godman was arrested on Sunday. Ganapathi Raju was arrested in SC/ST (prevention of atrocities Act) case lodged by the

What’s cooking! Rahul meets president Pranab over lunch

Congress vice-president Rahul Gandhi spent two hours, purportedly discussing current politics, in a luncheon meeting with President Pranab Mukherjee on Monday. While details on what transpired between in the two are still to emerge, the me

Cobra-stung banks escape with paltry Rs 43-cr fine

Two months after the sting operation by a web portal exposed violation of banking norms by several banks, including several public sector institutions, the reserve bank of India (RBI) has swung into action by slapping a total penalty of around Rs

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