The next salvo from the Comptroller and Auditor General (CAG) may come in the form of year-wise figures of the loss to the exchequer because of falling gas production from Reliance Industries Ltd&rsquo;s KG-D6 field. How the CAG&rsquo;s Rs 1.76-lakh-crore loss figure it came out for 2G telecom spectrum allocation haunted the government is well documented already.

Now, CAG to quantify loss to exchequer on RIL gas output

Business Standard

Even as telecom companies studied on Thursday&rsquo;s judgement of the Supreme Court cancelling 122 telecom licences, lawyers say there aren&rsquo;t many options for the affected companies.

Telcos have few options: Legal experts

Lack of parity between contract and regular workers may have been the reason for the recent industrial unrest in the country. However, undeterred by this, industry wants to increasingly employ contractual labourers to increase their flexibility and improve competitiveness. The views of the industry, which have been compiled in a status paper on the issue of contract labour in India, prepared by the All India Organisation of Employers and the Federation of Indian Chamber of Commerce has also criticised the government&rsquo;s proposed amendment of drawing parity in pay between the contract and regular workers. The status paper has been compiled by Ficci&rsquo;s B P Pant and Shitangshu Taye.

Industry wants more contract workers: Study

The ministry of labour and employment may have given a green signal to the broad contours of the National Manufacturing Policy (NMP), but the policy has yet again run into trouble. The ministry has refused to relax labour laws inside the national manufacturing zones (NMZs).

Manufacturing policy runs into labour trouble yet again

The Comptroller and Auditor General (CAG) has unearthed a Rs 1,200-crore scam in the sale of 21 sugar mills, during Uttar Pradesh Chief Minister Mayawati&rsquo;s regime, on account of discrepancies in the valuation of land and machinery. Transactional advisor, IFCI, has also come under attack from the auditor for lowering valuations. A number of these mills went to liquor distributor Ponty Chadha, perceived to be close to Bahujan Samaj Party (BSP) supremo Mayawati.

CAG exposes Rs 1,200-cr sugar mill scam in UP

On Friday, as Finance Minister Pranab Mukherjee rises to present his Budget speech, it will take an allocation of a little over one per cent of the GDP, or Rs 90,135 crore, to make trade unions (TUs) happy on one count.

What TU leaders will track in Budget speech

Around 61 million subscribers of the Employees Provident Fund Organisation (EPFO) are likely to get lower returns on their deposits this year.

PF accounts to get lower returns this year

The revival of a deteriorating state economy and promoting Punjab as an attractive investment destination will be the most important economic challenge ahead for the re-elected Shiromani Akali Dal-Bharatiya Janata Party government in Punjab.

Sagging economy of Punjab stares at Badal

In September 2009, when the Comptroller and Auditor General (CAG) was yet to declare the Isro-Devas deal could have caused more loss to the nation than the 2G scam, the then chairman of Indian Space Research Organisation (Isro), Madhavan Nair, had a word of advice for his countrymen.

Scientists versus govt: The procedural gap widens

Visits from the Employee Provident Fund Organisation (EPFO) office to your company could soon be a thing of the past, as the EPFO plans to shift the entire compliance operation online.

EPFO to begin end of inspector raj

After six months of peace, the ghost of industrial unrest returned to haunt the industrial belt of Gurgaon-Manesar.

Industrial unrest erupts in Gurgaon-Manesar belt again

The Minimum Wages Act, 1948, is to be amended to empower the Union government to fix a lower figure for payment to those employed under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS).

Move afoot to leave out minimum wage law

As the finance ministry prepares for the Budget next month, central trade union leaders would meet Finance Minister Pranab Mukherjee on Monday to push for a people-oriented Budget which would address issues of poverty, unemployment and social infrastructure.

Labour leaders to meet FM on Monday

On the concluding day of Pravasi Bharatiya Divas, chief ministers walk the extra mile to project their states as best investment destination.

Cong, BJP woo overseas Indians to invest 

Payment of bribes at all levels and an unresponsive bureaucracy emerged as the most common complaints from overseas Indian investors waiting to invest in the country.

Corruption, bureaucracy keep NRI investors away

On the back of a depreciating rupee and attractive interest rates, Indian banks at the 10th Pravasi Bharatiya Divas (PBD) are doing some intense wooing of Indians living abroad.

Banks wooing NRI depositors

Prime Minister Manmohan Singh on Friday said his government expected a reasonably good growth rate of seven per cent in the ongoing 2011-12 financial year.

India facing difficult times: PM

As 17.6 million voters get a chance tomorrow to seal the fate of 1,078 candidates contesting for the 117-seat Punjab legislative Assembly election, people and industrialists are hoping the winner may reverse the slide of India&rsquo;s once prosperous state.

Development the prime issue in Punjab poll

For someone fighting, perhaps, his last Assembly election, Punjab chief minister Prakash Singh Badal couldn&rsquo;t have asked for worse from his own constituency from where he won three times.

Badal's development plank has few takers

Listening to most of his public-meetings in Punjab, it is not hard to figure out where from Congress general secretary Rahul Gandhi is coming.

Locals want basic facilities, retail FDI not in radar

Five years after running the government in Punjab, deputy chief minister Sukhbir Singh Badal claims to have found a single panacea to end all economic woes of the state.

Akshat Kaushal