Gas Scam: Govt Bent Rules For RIL Says Ex-IAS Officer; Sensex Down 115 Pts; IMF Sees Global Growth But Red Flags Abound

Friday, Jun 17, 2011

SPECIAL LEAD
ECONOMY SKIDS AS LEADERS SLEEP AT THE WHEEL
If there was ever a sign of rudderless leadership and misplaced priorities over economic policy, it was Finance Minister Pranab Mukherjee's trip to Delhi airport this month to meet yoga guru Swami Ramdev. The highly criticised trip underscored a sense of distracted leaders fruitlessly trying to put out fires. Critics would have preferred Mukherjee focus more on dealing with a confluence of worrying economic trends -- accelerating inflation, declining foreign investment and slower growth and domestic investment -- that policy inertia will only make worse. read more
LEAD STORIES
GLOBAL WORRIES SINK MKTS, SENSEX DOWN 115 PTS
Sensex closed at 17,870.53 points on fears that Euro debt crisis might derail the global economic recovery. Nifty ended at 5,366.40 down 30.35 points. read more
GAS SCAM: GOVT BENT RULES FOR RIL, SAYS EX-IAS OFFICER
Letters from an ex-IAS officer reveal irregularities by the Centre in auditing capital costs, allowing price, other concessions to RIL in KG basin. read more
IMF SEES GLOBAL GROWTH, BUT RED FLAGS ABOUND
IMF warned that further setbacks to U.S. recovery pose threats to the world economy, along with potential contagion from the European debt crisis. read more
SAI'S CHAMBER: 98 KG GOLD, 307 KG SILVER, Rs 11.56 CR CASH
Huge amount of gold, silver and jewellery were found inside the private chambers of late spiritual guru Sathya Sai Baba. read more

TOP STORIES

TOP VIDEOS

AT A GLANCE
BSE 17870.53 -115.35
NSE 5366.4 -30.35
TURNOVER
Rs. 112,470 cr
BSE CASH
Rs. 2,605 cr
NSE CASH
Rs. 9,497 cr
NSE F&O
Rs. 100,367 cr
BULLION
GOLD 22550 +55
SILVER 53508 +175
CRUDE
NYMEX 102.25 -0.08
BRENT 113.35 -0.67
FOREX
$ / Re 44.86 -0.04
£ / Re 72.539 +0.36
€ / Re 64.083 +0.64
EVENTS

20 June
SC To Hear Kanimozhi Bail Plea
Lokpal Bill Meet


21 June
Lokpal Bill Meet


23-26 June
Auto World Expo, Chennai Trade & Convention Centre, Chennai


27-28 June
4th Annual Conference On Solar Power In India, ITC Maurya, New Delhi


30 June
Deadline For Drafting Jan Lokpal Bill
SEBI Board Meet


2 July
GoM To Meet For Clearance On Coal Blocks

EXPERT VIEWS

"Even earlier there were two drafts, then what was the need for this joint committee. It was a waste of time then. I will attend the June 20 meeting. Let's see what they say in the last two meetings. They'll follow their path, we'll follow ours. When they are doing injustice to the nation, we'll follow our path."

Anna Hazare
Social Activist
"If these risks materialize (slowdown in U.S. recovery and Europe crisis), they will reverberate across the rest of the world - possibly seriously impairing funding conditions for banks and corporations in advanced economies and undercutting capital flows to emerging economies."

World Economic Outlook
IMF Report, April 2011
"We will achieve the target of generating 600 million unique identity cards (UID) by 2014. Till now we have generated 95 lakh and enrolled around two crore people."

Nandan Nilekani
Chairman, Unique Identification Authority Of India

WATCH OUT
Ministers of Change
The Indian landscape is changing. States like Bihar, Gujarat, Rajasthan and Orissa are witnessing phenomenal transformation and are redefining governance. Join Shereen Bhan as she explores new models of development, inclusivity and reforms introduced by leaders who are transforming India on CNBC-TV18's Ministers of Change.
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