-The Times of India The Central Vigilance Commission has asked the CBI to examine a complaint about alleged losses suffered by the public exchequer in the allocation of coal blocks between 2006 and 2009, in what can potentially be fodder for civil society as well as the opposition seeking to attack the government over Coalgate. Although the complaint of BJP MPs Prakash Javadekar and Hansraj Ahir was forwarded by the CVC to...
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More cases of 'wilful' default on bank loans by farmers
-Reuters SUPALI: Two years ago, Vilas Yelmar took out a 200,000 rupee ($3,610) bank loan to develop a small grape orchard in a dusty hamlet southeast of Mumbai. The bank has repeatedly asked for the loan to be repaid, but Yelmar, whose annual income has risen to 2 million rupees, has spent the money on a new sport utility vehicle and a lavish family wedding. He is one of an increasing number...
More »Finance ministry for 10% cut in non-plan expenditure
-The Economic Times The finance ministry on Thursday announced a 10% cut in non-plan expenditure in the current fiscal as part of austerity measures aimed at containing its ballooning fiscal deficit. The Centre is aiming to bring down its fiscal deficit to 5.1% of GDP in 2012-13, from 5.76% in the previous fiscal. It also hopes to cut its subsidy bill to below 2% of GDP this year. The ministry has argued that...
More »Centre to send paramilitary personnel to Chhattisgarh-Sandeep Joshi
The Ministry of Home Affairs (MHA) has decided to send an additional 4,000 paramilitary personnel to Chhattisgarh, to strengthen anti-Naxal operations being carried out jointly by the Centre and the State government. The move follows Union Home Secretary R. K. Singh's visit to the state capital, Raipur, on Tuesday. It is learnt that the State government urged Mr. Singh to augment central paramilitary personnel in one of the worst Naxal-affected states....
More »Foreign Universities Bill: government trying ‘backdoor' entry-Aarti Dhar
With the Central Government unsure of getting the Foreign Educational Institutions (Regulation of Entry and Operations) Bill, 2010, through the Rajya Sabha, the Human Resource Development Ministry is now trying to allow “backdoor” entry to foreign institutions. The Ministry has asked the University Grants Commission (UGC) to identify possibilities within the existing laws of regulating and allowing the foreign educational institutions. The two possible ways of going about it are allowing these...
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