Coalgate: CBI Swings into Action on 5 Companies; Files FIR

The Central Bureau of Investigation (CBI) on Tuesday filed first information reports against five companies in connection with the alleged irregularities in the coal allocation and is set to conduct nationwide raids in ten cities. Sep 4, 2012

Coalgate Scam: Govt Says No Decision Yet on Cancellation of Coal Blocks

Coal Minister Sriprakash Jaiswal on Monday dismissed reports about the government cancelling the licenses alloted to some companies for non-performance. He said that no decision will be taken till the inter-ministerial panel, appointed by the coal ministry, submits its final report. Sep 3, 2012

India, China May Resume Military Exercises From 2013

India and China are likely to take a decision over military exercises during the five-day visit of China's Defense Minister General Liang Guanglie, who will arrive on Sunday to discuss more Confidence Building Measures (CBMs) to be adopted between the two nations. Sep 2, 2012

Expert Panel Proposes Deferment of GAAR till 2016

An advisory panel on General Anti Avoidance Rules (GAAR) set up Prime Minister Manmohan Singh recommended the postponement of the controversial prevention of tax evasion rule to be put off until 2016-17, in a move that will ease foreign investor worries about investing in India. Sep 2, 2012