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CAG pulls up Delhi govt for not obtaining fund proof, discrepancies

-PTI New Delhi: Auditor CAG has pointed out discrepancies in the implementation of social welfare schemes including mid-day meal (MDM) and pulled up the Delhi government for its failure to obtain fund utilisation certificates from various institutions.   The auditor also criticised the performance of the Delhi tourism and transport development corporation, saying that it has failed to formulate a perspective plan for tourism promotion in the city despite 39 years of its...

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NGOs’ foreign funds and a trust deficit -Trilochan Sastry

-The Hindu There is no organised conspiracy against NGOs. It is in the nature of power to exercise greater control, and exempt itself from accountability. The recent changes in the rules governing foreign funding of NGOs under the Foreign Contribution Regulation Act (FCRA) have been widely discussed. The last word on it will perhaps never be written. The UPA government initiated this and we see some concrete changes now. Sifting through the...

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Book Review: Coping with Climate Change

  If environmental degradation disturbs you and you are averse to reading technical manuals and copious volumes on the subject, there is some good news for you.    A recently published book from Gene Campaign entitled Coping with Climate Change is doing the rounds among environmentalists, civil society activists, public servants and researchers. Edited by Dr. Suman Sahai, the book has been written in a coffee book style to make easy serious...

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Credit blues hit kharif operations in Telangana -B Chandrashekhar

-The Hindu Hyderabad (Telengana): Delay in commencement of institutional credit disbursement likely to affect sowing. Credit requirement for kharif operations is nearly Rs. 26,000 crore. Notwithstanding the copious rains received in most parts of Telangana and availability of seed and fertilizer in ample quantities, the delay in commencement of institutional credit disbursement, crop loan release by banks, is likely to affect the sowing operations in the current kharif season. Credit requirement Though the Agriculture...

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Super rich defaulters push Indian banks towards collapse

-DNA What is worse is that just the top 30 cases of default account for a Rs 1.21 lakh crore, which is almost 40% of the Non Performing Assets (NPAs) in banks. The upper middle class, who usually takes loans of over Rs 1 crore, accounts for 33% of the total NPAs.  It's not the poor farmers or the middle class who are defaulting on their loans. It's the country's super rich,...

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