The late Rajiv Gandhi famously, or infamously, once claimed that only 15 per cent of the funds allocated to welfare programmes ever reached the intended beneficiaries. The rest leaked enroute, entering the pockets of an assortment of intermediaries. This is a thought that the Union finance minister must always remember, especially when he sits down to allocate funds for an assortment of subsidies and some of the high-profile spending programme...
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Subbarao deposes before PAC by Neena Vyas
Reserve Bank of India Governor D. Subbarao on Thursday deposed before the Public Accounts Committee (PAC), which is looking into the Comptroller and Auditor General (CAG) report on the 2G spectrum allocation scandal. PAC chairman Murli Manohar Joshi said the committee had some questions to ask related to Dr. Subbarao's stint as Finance Secretary in 2007-08 just before he became RBI Governor. At a previous meeting of the PAC, another former...
More »CBI arrests former Telecom Minister A Raja by Vinay Kumar
Former DoT Secretary Behura and Raja's aide Chandolia also taken into custody, to be produced in court today The Central Bureau of Investigation on Wednesday arrested the former Union Communications and Information Technology Minister, A. Raja, and two officers who had worked under him, for their role in the grant of licences and allocation of 2G spectrum during 2008 in violation of established guidelines and procedures. Mr. Raja (47), as well...
More »Prime Minister and Sonia promise more MGNREGA reforms by K Balchand
Prime Minister Manmohan Singh and United Progressive Alliance chairperson Sonia Gandhi on Wednesday promised to usher in more reforms in the scheme under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) and increase the number of days of job guaranteed to Below the Poverty Line households. Speaking at a function here to mark the completion of the fifth year of the MGNREGA, Dr. Singh promised to reform the delivery mechanism...
More »Civil society groups to do NREGA audit again
The Manmohan Singh government has moved in to restore the role of civil society groups in conducting the social audit of the Mahatma Gandhi National Rural Employment Guarantee Act in an attempt to weed out corruption from various levels. The Rural Development Ministry is in consultation with the Comptroller and Auditor General to remove the lacuna that had cropped up after social audit rules were amended in 2009 to eliminate...
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