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ADAG asks ICAI to penalise RCom auditor
Sequel to denial of special audit findings commissioned by DoT.

US forgoes $38 bn in tax over Citi: report
The US government quietly agreed to forgo about $38 billion in potential tax payment from troubled financial giant Citigroup as part of a deal that help the company repay bailout funds, a media report has said.

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V V: The Terror Axis: Taliban, ISI & opium
Gretchen Peters’ Seeds of Terror: The Taliban, the ISI and New Opium Wars (Thomas Dunne Books, Hachette India reprint, Rs 495) tells you why Afghanistan and Pakistan’s North West Frontier provinces will always be on the boil that will spread into the Punjab and increase in intensity, as recent events have shown. Aided and abetted by rampant corruption spread by poppy growers to the Taliban and other local powers, to drug lords and their allies in government, the influence of opium money pervades Afghan life. Afghanistan today provides 93 per cent of the world’s heroin, far exceeding the combined production of Colombia, north Myanmar, Thailand and other regions of the world. Peters examines the depth of the opium problem and describes how opium sales have ballooned since 2001 and continue to grow exponentially, earning more than half a billion dollars off the opium trade. Why and what could be the consequences for us is the central question asked in the book.
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Panel to look into Bhagirathi projects

The Uttarakhand High Court on Monday asked the newly-constituted Ganga River Basin Authority to set up an expert committee to decide the fate of the three key hydel projects on river Bhagirathi. - Breather for NTPC as HC okays U'khand project A two-member bench comprising Chief Justice VK Gupta and Justice VK Bist, however, said the authority was free to resume the work on these projects if it thinks such decision was in public interest. While the 480-Mw Pala Maneri and the 381-Mw Bhaironghati are being developed by Uttarakhand Jal Vidyut Nigam Limited, the 600 Mw Lohari Nagpala is being constructed by NTPC. A total investment of approximately Rs 8,000 crore is proposed in these three projects. The high court asked the authority to constitute the committee comprising experts within four weeks. The committee would take two months to prepare its report on the environmental impact and other concerns regarding the projects. The Uttarakhand government last year suspended the construction of Pala Maneri and Bhaironghati following agitation by environmentalist GD Agrawal and other social activists. While the construction work on the Bhaironghati and Pala Maneri remained suspended, NTPC resumed the work on Lohari Nagpala in February this year following the relief by the high court. Earlier, the Centre had suspended the work of Lohari Nagpala too on environmental issues. “Now it is up to the Centre to decide the future of the three projects,” said Pallavi Bahuguna, the petitioner of RLEK, a Dehra Dun-based NGO, which was seeking the early completion of the three projects. Significantly, NTPC had already invested Rs 450 crore in the Lohari Nagpala project with contracts of headrace tunnel, barrage and powerhouse already being awarded to various private companies.


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