About four years after its first survey on the implementation of the National Rural Employment Guarantee Act in Orissa's hinterlands that showed large-scale defalcation of Money, the Delhi-based NGO Centre for Environment and Food Security today in its second performance audit revealed that 67 per cent of very poor Dalit and tribal households in Orissa and UP did not get even a single day of the NREGS employment during previous...
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Maoists gun down labourer in Palamau
A labourer has been killed by the Maoists as he refused to pay extortion Money at Dungri village in Palamau district, the police said here today.Raj Dev Turi (42) was dragged out from his house by a dozen armed Maoists and shot him dead last night after he refused to pay them 'levy' (extortion), Deputy Superintendent of Police, Sudarshan Mandal, told newsmen here.Turi was working as a labourer in some...
More »Black Money trail: I-T dept signs MoUs for conducting study
The government has set the ball rolling for estimating black Money by signing agreements with three leading think-tanks NCAER, NIFM and NIPFP to conduct study on unaccounted income generated inside and outside the country. They have been given 18 months to complete the study and also suggest administrative and legal measures to prevent generation of black Money, according to sources. The first study on unaccounted Money was conducted by NIPFP way back...
More »Govt aiming for broadband in 5 lakh villages
The telecom ministry is likely to provide rural wireless broadband connections to over 5 lakh villages in one-and-a-half years The telecom ministry is likely to provide rural wireless broadband connections to over 5 lakh villages in one-and-a-half years and will provide a subsidy to both state-owned and private service providers operators from the Universal Service Obligation Fund for this purpose. “Wireless broadband to cover about five lakh villages... time period, you see,...
More »New draft of MFI Bill to give more teeth to RBI by Dinesh Unnikrishnan
The earlier draft covered only non-NBFC MFIs incorporated as trusts and non-governmental organizations that constitute a very small part of the total industry The proposed microfinance Bill for governing India’s Rs. 22,000 crore microlending industry is set to give more teeth to the Reserve Bank of India (RBI) to regulate larger microfinance institutions (MFIs). This will be done by removing such entities from the purview of laws enacted by state governments...
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