* A Rs 350 crore scam has surfaced in the Rajiv Gandhi National Creche Scheme * Three organisations are being investigated by the vigilance department of the women WCD ministry for mismanagement and for running creches only on paper * The scheme was for children of women in the unorganised sector * The organisations maintained fake audits and balancesheets signed by CAs Nothing, it would seem, is sacred for scamsters....
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Voluntary service by Bhaskar Ghose
Very little is known generally about operational NGOs that work closely with people on a daily basis. WHILE a good many people in the country know that the Central and State governments have a number of plans and projects to bring about development – not all of them either well-conceived or well administered – they are much less aware of the part played in the overall development process by non-governmental...
More »Fertilising change
Right time for policy reform The government is set to face disappointment on its expectation that the fertiliser subsidy will go down sharply this year due to a softening of international prices of fertilisers. It now appears almost certain that the total payable subsidy in 2009-10 may be around Rs 70,000 crore, against the budgetary provision of under Rs 50,000 crore. Since the government has made it clear that no additional...
More »Nod for Competition (Amendment) Bill by Gargi Parsai
The Rajya Sabha on Wednesday approved the Competition (Amendment) Bill 2009 which was passed by the Lok Sabha. The Bill repeals and replaces the Competition (Amendment) Ordinance, 2009. The Bill provides for transfer of anti-competition cases pending before the Monopolies and Restrictive Trade Practices Commission (MRTPC) to an appellate tribunal. With this, the commission would cease to exist, two years ahead of its scheduled closure. Tabling the Bill, Minister of State for...
More »Bonus Excesses and Outrage by Jaimini Bhagwati
Government and regulators need to focus on the systemic risk engendered by excessive compensation. As calendar year 2009 draws to a close, it is bonus season for the financial sector in the West. In the last several months, the need to cap bonuses and compensation packages has been extensively discussed in the context of limiting the future impact of the next financial sector breakdown. On December 9, 2009, the UK was...
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