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A futures shock from FCI-Devinder Sharma

-The Business Standard Turning the country's food procurement agency into an international trader will fan inflation and hunger At a time when the Global Hunger Index 2012 ranks India 65th among 79 countries, K V Thomas, minister of state for food and public distribution and consumer affairs, has revealed that the Food Corporation of India (FCI) will soon trade wheat in the futures market. Seeking clearance from the Forward Markets Commission, the...

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Call to account

-The Indian Express The Comptroller and Auditor General of India Vinod Rai told a meeting of the World Economic Forum that the “brazenness” with which government decisions were being taken is “actually appalling”. A day before that, he had told students in Shillong that the “suffering majority had begun to speak up”. In times when corruption is the central issue and the government evidently suffers from a credibility deficit, the statements...

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Accord constitutional status to CBI, CVC: Vinod Rai

-The Hindustan Times The Central Bureau of Investigation (CBI) and the Central Vigilance Commission (CVC) should be given constitutional status empowering them with appropriate autonomy and independence to make them effective instruments for fighting corruption, Comptroller and Auditor General (CAG) Vinod Rai said on Wednesday. “If you really want some of these institutions to deliver, you must take a risk and ... take courage to make them constitutional,” he said, while speaking...

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Kejriwal link drives ‘donors’ into a tizzy

-DNA Top corporates and businessmen appear to be in a rush to defend themselves following a report in New Delhi-based tabloid Mail Today that they funded Arvind Kejriwal-led India Against Corruption (IAC). The Tata Social Welfare Trust clarified that while it had indeed made a grant of Rs 25 lakh a year to Kejriwal’s NGO, the Ghaziabad-based Public Cause Research Foundation (PCRF) beginning 2009, the money was not meant to be used...

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Maharashtra food scam: Private companies eat up Rs 1,000cr meant for poor -Nitin Sethi

-The Times of India Private companies have hijacked the government's flagship scheme to provide food to poor children and their mothers, the Integrated Child Development Scheme (ICDS), with contractors in Maharashtra alone controlling Rs 1,000 crore worth of supplies in contravention of Supreme Court orders, a report of the SC commissioners office has said. The SC orders bar contractors from supplying rations under the scheme. It only permits village communities, self-help groups...

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