The Congress on Thursday said the Comptroller and Auditor General of India had failed the people of the country by giving an audit report on the Rafale deal without specific numbers as it “meekly submitted to the unprecedented demand” of the government. “What will an auditor do without numbers? The CAG should have told the […]
Category: The Telegraph
Telegraph
Bridge link to Chittagong could transform Tripura’s Sabroom
Efforts are on to transform Sabroom subdivision of South Tripura district into a gateway to Southeast Asia through measures like the Maitree Setu that is being constructed over the Feni river to connect the state with Bangladesh’s Chittagong port. The port is 75km from Sabroom. The subdivision will be connected with Belonia subdivision of the […]
High court rap on tardy NH-33 repairs
Jharkhand High Court on Thursday pulled up the National Highways Authority of India (NHAI) for “deliberately stalling” completion of repair and renovation of the NH-33 stretch between Ranchi and Jamshedpur. A division bench of Justice Aparesh Kumar Singh and Justice Anil Kumar Choudhary, hearing a PIL on the tardy pace of construction work on the […]
Natural gas set to turn costlier
The domestic natural gas price in the country is likely to be hiked over 10 per cent to $3.7 per million British thermal units (mBtu) from April 1 following a spike in prices in the global gas hubs. The move is likely to boost the earning of producers such as ONGC but hurt the consumers […]
ONGC net profit jumps 65% in Q3
ONGC’s third-quarter net profit jumped 65 per cent to Rs 8,262.70 crore on higher prices for oil and gas output, from Rs 5,014.67 crore in the same quarter of the previous financial year. However, ONGC’s net profit saw a marginal decline compared with the Rs 8,264.61-crore profit reported during the quarter ended September 30, 2018. […]
Lenders to get Jet Airways majority stake after debt rejig
Lenders will get a majority stake in Jet Airways as they convert their debt into equity to revive the crisis-hit airline, which has a funding gap of over Rs 8,500 crore. Banks led by the State Bank of India (SBI) will now occupy the cockpit of the airline as they get a 50 per cent […]
VVIP chopper case: Delhi court grants 7-day interim bail to Rajeev Saxena
A Delhi court on Thursday granted seven days interim bail to Rajeev Saxena, who was arrested in the Rs 3,600-crore AgustaWestland money-laundering case, on two sureties of Rs 5 lakh each. Special judge Arvind Kumar, while granting Saxena bail, asked AIIMS to file a detailed medical report on his health and posted the matter for […]
Twin bridges to ease Tolly traffic
Two new bridges are being built over Tolly’s Nullah to ease traffic on Tollygunge bridge and Durgapur bridge, mayor Firhad Hakim said on Wednesday. Traffic on the two existing bridges has increased manifold since the collapse of the Majerhat bridge in September. The bridges being built will help commuters from Behala and New Alipore, giving […]
Talk of cash infusion by lenders on eve of Jet Airways board meet
The board of Jet Airways will meet on Thursday to consider the third-quarter results amid a buzz that the crisis-hit airline may announce cash infusion by lenders, led by the State Bank of India (SBI). Optimism on this front saw the Jet stock ending with gains of 1.25 per cent at Rs 223.60 on the […]
Rahul sees a ‘frightened’ Prime Minister, Sonia warns Opposition against complacency
As the 16th Lok Sabha’s last session ended on Wednesday, Congress president Rahul Gandhi saw a “frightened” and “demoralised” Prime Minister running for cover but Sonia Gandhi warned the Opposition against complacency, predicting that the ruling establishment could stoop to any low to retain power. Rahul told a media conference: “The psychological impact of the […]
Report on Rafale not worth its paper: Rahul
Congress president Rahul Gandhi on Wednesday dismissed the Comptroller and Auditor General of India’s report on the Rafale deal as “not even worth the piece of paper it is written on” as it does not reflect on critical information about the negotiations and pricing details. Addressing a media conference, Rahul said: “Why is this document […]
Post-CAG, Rafale still a riddle
he Comptroller and Auditor General (CAG) report on the Rafale deal, tabled in Parliament on Wednesday, has been seized by the Narendra Modi government to claim vindication and the Opposition to dismiss it as “not even worth the paper it was written on”. Some of the highlights of the report after a quick reading follow: […]