-The Economic Times NEW DELHI: CBI director Ranjit Sinha has said infrastructure building through the public-private partnership model could lead to a spike in corruption cases as the potentially lucrative contracts may encourage collusion between big firms and state officials. "This route is full of pitfalls and it has opportunities for corrupt activities with big scope for collusion among promoters of consortiums to whom such projects are awarded and corrupt public servants...
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Amount of greenhouse gases in atmosphere reach record high, say UN agency
-The United Nations The amount of greenhouse gases in the atmosphere reached a record high in 2012, continuing an upward trend which is driving climate change and which will shape the future of the planet for hundreds and thousands of years, according to the United Nations World Meteorological Organization (WMO). The agency's annual Greenhouse Gas Bulletin shows that between 1990 and 2012, there was a 32 per cent increase in radiative forcing...
More »ADB to Provide $10 Bn Assistance to India Over 5 Years
-Outlook Multilateral lending agency Asian Development Bank (ADB) will provide loan of USD 2 billion annually for five years till 2017 to India to create jobs, enhance investment reforms, and improve infrastructure. "The ADB and Government of India have agreed to a new country partnership strategy for 2013-2017 which supports the country's 12th Five Year Plan .... The strategy comes with a financial envelope of around USD 10 billion...," the Manila based...
More »West Bengal's savings scheme for poor gets RBI nod -Atmadip Ray
-The Economic Times KOLKATA: West Bengal chief minister Mamata Banerjee's plan to start a savings scheme with the aim of protecting the poor from losing their money to deposit schemes that promise high returns will be going ahead with the Reserve Bank of India having cleared the participation of state-run banks in the programme. The state government is to launch the plan on November 6. State-run West Bengal Infrastructure development Finance Corporation...
More »Inflation in goods used by rich higher than those by poor: PHD
-PTI Inflation during the current festive season is impacting the rich more than poor as the goods used by them have seen a higher price rise a report by a industry body said. "The impact of price rise as measured by the Wholesale Price Index (WPI) is found higher on rich class at around 9.3 per cent as compared with the poor class at around 8.4 per cent," PHD Chamber of Commerce...
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