The Lokpal Bill is in danger of skidding off the rails. As it is introduced in Parliament, eminent activist Aruna Roy tells Shoma Chaudhury why we should not rush into it. THE LOKPAL BILL is now being debated in Parliament, almost 40 years after the idea was first mooted. Unfortunately, parented on one side by decades of wilful government inertia and, on the other, by the panicked hustle of ‘Team...

-PTI   The Institute of Chartered Accountants of India (ICAI) today said it would submit its report to the government in September, suggesting changes required in the key economic Acts such as Income Tax and FEMA to tackle the menace of black money and ways of retrieving it from tax havens abroad. ICAI had said earlier this month that the report was expected in August. A committee, headed by ICAI President G Ramaswamy, is...

Amid the furore over misappropriation of funds meant for development, the Comptroller and Auditor General (CAG) has proposed bringing all rural development programmes worth about Rs 90,000 crore under the ambit of the government auditor. Rural Development Minister Jairam Ramesh welcomed the proposition after he met CAG today to discuss the social audit of the government's flagship National Rural Employment Guarantee Scheme (NREGS) in all states. The minister said the matter would...

The government will set up statelevel independent bodies to carry out financial and social audits of its flagship rural employment guarantee programme, which critics say is riddled with corruption. The rural development ministry will also make it mandatory for state governments to submit a report on the social audit, which unlike other government audits, allows beneficiaries of the scheme to register complaints. The move to increase transparency in the Mahatma...

-ToI   The government patched together an intricate—and flawed—fertiliser system over the last 40 years. It now wants to dismantle that monster. The challenge before it is to preserve its pro-agriculture and pro-poor objective, while correcting the flaws that crept in, reports M Rajshekhar If it all goes to plan, buying or selling fertiliser will never be the same for the 120-odd companies that make up this Rs 1,00,000 crore industry or...