Popular Articles

Yes Bank to set up PE firm
Private sector lender Yes Bank plans to set up a firm, Yes Ventures, to house its private equity funds, in 2010-11.

MPs, MLAs from Telangana resign; violence during bandh
MPs and MLAs from Telangana cutting across party lines today resigned their seats in protest against the Centre"s decision to put the issue of the separate state on the backburner as the region shut down following a 48-hour bandh call.

News of the day

Dealing with a weak dollar
- US economy moving in right direction: Obama - US economy expands 3.5% in Q3 - White House defends Obama"s economic policies - It may take US over seven yrs to wipe off job deficit: Report - Oil lower in Asian trade - Job mkt still grim; 27 people lose job per hour
Management

Govt has no info on ministerial conflict of interest in gas row

The Prime Minister’s Office does not have any information whether cabinet ministers who were part of the Empowered Group of Ministers (EGoM) to decide on the price of gas from the Krishna-Godavari basin had declared if they had any conflict of interest with regard to Reliance Industries Ltd or the late Dhirubhai Ambani. The PMO has said so in reply to a Right to Information (RTI) query. - GSMA not in consonance with family MoU: RNRL - F&O OUTLOOK: Indecisiveness spreads to stocks futures - Eyes on the world - Indecisiveness spreads to stocks futures - RIL woos Lyondell creditors as mgmt fights back - No final bid yet from RIL: LyondellBasell Is it not mandatory for ministers to declare their conflict of interests if they are part of an EGoM whose decisions may “economically benefit a corporate group,” Arun Agrawal, author of a book that refers to controversies surrounding the Reliance group, wanted to know. The PMO’s answer was ‘No’. In its reply dated December 8, the ministry said, “This division is not having information regarding who were in conflict of interest in respect of having past financial dealings with RIL, or Dhirubhai Ambani or employment of their wards at any time in their life.”


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