-Down to Earth There is speculation that provisions relating to 'fair compensation' may be tinkered with The Modi-government's move to amend the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement (the new land acquisition Act) has drawn flak from the country's largest farmers' organisation, Bharatiya Kisan Union (BKU). The law was implemented from January this year. In a press statement issued Wednesday, BKU chief Rakesh Tikait said media reports...
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Maharashtra government sitting on scams involving 4,500 crore, finds CAG report -Chittaranjan Tembhekar
-The Times of India MUMBAI: The Maharashtra government is still sitting on scams involving losses of around Rs 4,500 crore of public money, the Comptroller and Auditor General (CAG) has revealed. In its report released on Saturday, the CAG has pointed out that state departments had failed to explain and audit queries/observations involving the around Rs 4,500 crore-loss of the public exchequer. According to the CAG, by June 2013, there were 4,760...
More »Rs 60,000 crore cost overrun in Maharashtra irrigation projects: CAG
-The Times of India MUMBAI: In a severe indictment of the state irrigation department, the Comptroller and Auditor General of India that inspected 601 ongoing projects in the state has found a cost overrun of Rs 60,235 crore. Nearly 77 projects have been underway for more than 30 years and another 195 projects for more than 15 years. Of the 601 ongoing projects, there was a cost overrun of Rs 47,427 crore...
More »MGNREGA claims, and facts -Jeh Tirodkar
-The Indian Express Available data suggests the programme has been effective in reducing rural poverty and gender discrimination Nirmala Sitharaman's misinformation (‘How not to run a programme', IE, May 9) on the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), which employs one in every four Indian rural households every year, is disappointing. Consider these facts. For the first time in over two decades, the increase in rural consumption (a proxy indicator...
More »Economist Thomas Piketty, professor at the Paris School of Economics interviewed by Subodh Varma
-The Times of India Is wealth trickling up instead of down? Yes, says rockstar economist Thomas Piketty whose new book proposing a wealth tax on the super rich has sparked off a firestorm. Excerpts from an exclusive interview... His book Capital in the Twenty-First Century has put the spotlight on Thomas Piketty, transforming the Paris School of Economics professor to global superstar. In these troubled times, he highlights a troubling issue:...
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