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The Supreme Court of India has held that a corrupt public servant acquiring properties in the name of relatives cannot escape criminal prosecution by claiming that he/she is not its legal owner.
The Delhi High Court has permitted an audit of private telecom firms by the national auditor to check whether they had underpaid licence fee to the government, a ruling that can have a bearing on other sectors such as power and oil as well. Abench of Justices Pradeep Nandrajog and V Kameswar Rao said the Comptroller and Auditor General has the power to audit all the revenue receipts of the government.
The Indian government plans to offer exploration blocks for bidding after a long delay, with a new revenue sharing model that will end the controversial system in which companies first recover their costs before the state gets revenue. The Oil Ministry will profile at least 56 oil and gas blocks, which will be offered in the 10th round of bidding next week at the Petrotech conference .,

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