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The Political Economy of Shadow Finance in West Bengal-Subhanil Chowdhury

-Economic and Political Weekly The Saradha group's collapse has possibly bankrupted lakhs of small investors robbing them of their life svaings, and has rendered thousands of its agents jobless. The scam highlights the failure of the government and its regulatory agencies to reign in the mushrooming chit fund companies in West Bengal. It also brings under the scanner the Trinamool Congress' proximity with the tainted group. In the wake of the...

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Tripura, Kerala open the door for women in panchayats -Anuja and Liz Mathew

-Live Mint The experience of Kerala and Tripura shows how panchayati raj can help in the empowerment of women Chulubari (Tripura)/Kanjikuzhy (Kerala): Her relatives warned Hena Das, a resident of Chulubari in Tripura, against taking up political office because it wasn't "meant for women". Das disregarded the warnings. Two years on, she has no regrets. She also has no male colleagues; her fellow representatives on the board of an 12-member panchayat are all...

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Gujarat Bill ending role of Governor, CJ to choose ombudsman passed-Darshan Desai

-The Hindu Amid protests and a walkout by Opposition MLAs in the Assembly, the ruling Bharatiya Janata Party on Tuesday pushed through a new Gujarat Lokayukta Aayog Bill, 2013 that ostensibly seeks to end the role of the Governor and the Chief Justice of the High Court in appointing the ombudsman. The Bill proposes a seven-member selection panel headed by the Chief Minister, which will recommend a candidate for the Lokayukta's post...

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Central Vigilance Commission lens on cooperative societies

-The Times of India The government will appoint chief vigilance officers (CVOs) for 21 multi-state cooperative societies including the controversy ridden Iffco, in the wake of the Central Vigilance Commission regaining its supervisory role over them. The reinstatement of CVC's supervisory role over the societies comes at a time when Iffco (Indian Farmers Fertiliser Cooperative) is accused of illegally transferring houses worth several crores to its managing director and joint managing director...

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Lean, mean scheme -Richard Mahapatra

-Down to Earth Budget to start process of reforming Central rural schemes, 45 years after first demand India’s rural development programmes are in for an overhaul. After the approval of the 12th Plan by the National Development Council (NDC) on December 27, 2012, the government has started restructuring of the behemoth called Centrally sponsored schemes (CSSs). In the Plan (2012-17) the Centre has committed Rs 541,276 crore for CSSs covering rural development,...

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