Regulations
Supreme Court questions lack of transparency in CVC appointment

The SC said transparency is the hallmark of selection procedure and not only bureaucrats but people across should be allowed to apply for the post

 

The Supreme Court on Thursday questioned the union government over lack of transparency in the appointment of Chief Vigilance Commissioner and Vigilance Commissioner.

 

The apex court said that transparency is the hallmark of selection procedure and people across should be allowed to apply for the post and not only bureaucrats.

 

The Attorney General has assured the Supreme Court that no final decision will be taken in the appointment of CVC during the pendency of the case.

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LALIT SHAH

3 years ago

As SARKAR SHREE GET HOLD ON UPPER HOUSE NO SOONER EVEN SC WILL
TOOTHLESS PAPER TIGER

Gas pricing formula: Committee submits its report to oil ministry

Though contents of the report have been kept under wraps, there are indications that the gas price increase may be around 50%

 

A four-member committee of secretaries has submitted its report on a new gas pricing mechanism, prescribing a rate much lower than the doubling of price approved by previous United Progressive Alliance (UPA) government.

 

"The report was submitted on Tuesday," a top official said.

 

Last month, the Narendra Modi-led National Democratic Alliance (NDA) government constituted a committee comprising of secretaries of power, fertiliser and expenditure with additional secretary in the oil ministry as its member secretary, to make amends to a formula notified in January that doubled the gas price to $8.4 per million British thermal unit (mmBtu).

 

The official said the report will be reviewed in the Oil Ministry before a note is moved to the Cabinet.

 

Though contents of the report have been kept under wraps, the official indicated that the price increase may be around 50%. Most of the domestically produced gas is currently sold at a price of $4.2 per mmBtu.

 

The panel has tried to strike a balance between demands for a market linked rate by gas producers to make marginal and deep sea fields economically viable, and consumers in power and fertiliser sector, who have said they cannot afford any rate higher than $5.

 

Though the government had stated that a gas price will be announced by September end, there are indications that a decision may be put-off until completion of assembly polls in Maharashtra and Haryana in mid-October.

 

Any increase, even of $2 per mmBtu, will lead to a hike in CNG price for automobiles, something the ruling establishment does not want on the eve of state polls.

 

Industry sources said the previous UPA government had notified the Rangarajan formula in January but before a rate could be implemented from 1st April, general elections were announced and Election Commission sought postponement of its implementation.

 

Since elections to Maharashtra and Haryana assembly have already been announced, a deferment can be sought on similar grounds.

 

An increase in gas price would have led to increase in cost of urea, power and CNG.

 

Every dollar increase in gas price will lead to a Rs1,370 per tonne rise in urea production cost and a 45 paise per unit increase in electricity tariff for just the 7% of the nation's power generation capacity based on gas.

 

Also, there would be a minimum Rs2.81 per kg increase in CNG price and a Rs1.89 per standard cubic metre hike in piped cooking gas.

 

The increase in gas price would bring windfall for the government -- about $2.08 billion or about Rs12,900 crore from additional profit petroleum, royalty and taxes accruing from doubling of gas rates, according to oil ministry estimates.

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COMMENTS

LALIT SHAH

3 years ago

Looto BHAI looto bichari praja a khoble khoble vote atla matej aapel chhe ne same BJP CONGRESS MA FERK SHUN CHHE

Competition Commission rejects case against Ford India

Ford India increased price of its particular model in January, leading to the consumer accusing the carmaker abusing its dominant position

 

The Commission Commission of India (CCI) has rejected allegations against Ford India that it abused dominant position in the market for 'multi/sport utility vehicles'.

 

In an order issued on 12th September, the CCI, said, "The issue of abuse of dominance by the Opposite Parties (Ford India and its authorised dealer Harpreet Motors Pvt Ltd) does not arise and no case of contravention of provisions... of the Act (Competition) is made out against them."

 

Consequently, the CCI has closed the case against Ford India and its dealer.

 

In a complaint, one Sanjay Kumar alleged that Ford India has abused its dominant position in the relevant market of 'multi/sports utility vehicle in India' by hiking the price of the vehicle.

 

Kumar had booked a Ford Ecosport 1.5 Litre Petrol Ambiente version car manufactured by Ford India in June last year by paying an initial deposit of Rs50,000, from its authorised dealer Harpreet Motors. The car was to be delivered within five months of booking.

 

Subsequently, Kumar received a letter in December 2013 from Ford India stating therein to deliver the car before the end of February 2014 and the price of the car will be revised in January 2014 due to macro-economic factors and rising input costs.

 

Ford India accordingly revised the price of the said version of car to Rs6.19 lakh in January 2014 in place of Rs5.59 lakh at the time of booking.

 

Citing Ford India's December letter, the CCI said "it is evident that the informant (Kumar), if so desired, could cancel the booking and the entire booking amount is to be refunded immediately after waving of the cancellation charges."

 

"In these circumstances, no case, whatsoever, is made out against any of the Opposite Parties and the issues projected by the Informant at best appear to be purely consumer /contractual dispute, remedies whereof lie elsewhere," the Commission said.

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