-The Financial Express A forensic report prepared for the Serious Fraud Investigation Office (SFIO) shows over a third of India's top 500 companies, including those in the top 100, are "managing" their accounts. It finds that companies where promoters hold more than 50% of total shareholding are more likely to take such steps to impress markets with their performance. Both domestic companies and subsidiaries of multinationals listed in India show similar trends...
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A lesson on land acquisition -CP Chandrasekhar
-The Hindu The parliamentary stand off over the Indian government's effort to ease procedures to acquire land for "public purposes" continues, with the government deciding to re-promulgate the ordinance amending the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013. Besides concern about the impact that this would have on the farming community and those dependent on it, another cause for the controversy is the...
More »No end to battle over land -Anumeha Yadav
-The Hindu When the National Democratic Alliance government amended the land acquisition Act through an ordinance last week, it promised to set farmers and industry on an amiable path to mutual benefits and development. Land acquisition under the 1894 Act had been marked by violent protests, even police firings at farmers. The Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement (LARR) Act, 2013, is the first law on...
More »MGNREGA not being diluted: Chaudhary Birender Singh
-The Hindu Union Rural Development Minister Chaudhary Birender Singh on Friday assured the Lok Sabha that the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) was not being diluted and added that state governments were also to be blamed for delay in payments. Responding to a discussion in the Lok Sabha on "the reported dilution of MGNREGA," Mr. Singh said payments were getting delayed because many State Governments failed to submit...
More »CAG takes ‘Aswachh’ Gujarat to task
-The Times of India GANDHINAGAR (Gujarat): Though Gujarat claims to be the vanguard of Indian states working for the swachchta revolution championed by Prime Minister Narendra Modi, the Comptroller and Auditor General (CAG) has discovered an untidy record. In its report, 'Local Bodies of Gujarat' - released on Tuesday and covering the period till year ending March 2013 - the CAG points out failures of the state in the execution of the...
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