In December 2011, CAG tabled a well-analysed audit report in Parliament claiming a loss of 1,200 crore, or $250 million, on the import of subsidised pulses through 2006-11 under the supervision of department of consumer affairs (DCA) of the food ministry. The government's intention to introduce such a scheme cannot be faulted: during 2005-08, seven million tonnes of wheat was imported at high prices, chana (chickpeas) values spiked from 21...
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Bid to revive forests in Jammu and Kashmir by Peerzada Arshad Hamid
ZAVOORA, India (AlertNet) – Amid thousands of tree stumps stretching over almost 60 hectares (150 acres) of bare plateau, there are signs of life. Delicate saplings of kail and deodar conifers are growing between other newly planted deciduous trees. The woodland had been cut down illegally by loggers and encroached upon for farming. But forestry officials here in Shopian district, a two-hour drive south of Srinagar, the summer capital of India’s...
More »Policy paralysis fears haunt markets
-The Times of India Fears that policy paralysis will continue after the Congress party's poor show in the Uttar Pradesh assembly elections unnerved investors, and the sensex lost 190 points on Tuesday to end the day at 17173, its worst close in six weeks. The trepidation in the markets also affected shares of a few Anil Ambani-promoted Reliance Group companies, even though they were actually expected to gain because of the...
More »Small loans add up to lethal debts by Erika Kinetz
-AP The microfinance industry pursued a path of rapid business growth in recent years; two investigations now link it to debtor suicides First they were stripped of their utensils, furniture, mobile phones, television sets, ration cards and heirloom gold jewellery. Then, some of them drank pesticide. One woman threw herself into a pond. Another jumped into a well with her children. Sometimes, the debt collectors watched nearby. More than 200 poor, debt-ridden residents of...
More »M’laya PDS to be computerized
-The Shillong Times Taking cognizance over malpractices prevailing in the Public Distribution System (PDS) in the State, the Government is planning to computerize the whole system to check the malaise. To achieve this objective, the State Government has already submitted a Detailed Project Report (DPR) amounting to Rs 43 crore for computerization of the Public Distribution System (PDS) to the Central Government. “We had submitted the DPR through the National Informatics Centre (NIC)...
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