A Comptroller and Auditor-General of India report has expressed dismay over the rising share of funds disbursed by various ministries to local bodies and NGOs in 2010-11. The CAG report on the accounts of the Union government was tabled in Parliament on Tuesday. "An analysis of plan expenditure revealed that 77% of the total plan expenditure was in the form of grants-in-aid payment,'' the report stated. "In five of the ten...

Former Karnataka Chief Minister B S Yedduruppa might face CBI probe for his role in illegal mining The Supreme Court has allowed 45 iron-ore mines in Karnataka to resume operations. The decision came after the apex court-appointed Central Empowered Committee (CEC) found that there was no illegality or only minor ones in their operations. The mines include those of the National Mining Development Corporation (NMDC), Mineral Enterprises Limited and Mysore Minerals...

-PTI Competition watchdog CCI has imposed Rs 317 crore in penalties on three companies, including agro-chemicals major United Phosphorus, for collusive bidding to supply ALP tablets to Food Corporation of India (FCI).  The aluminium phosphide (ALP) tablet manufacturers -- United Phosphorus, Excel Crop Care, and Sandhya Organics -- have been fined 9 per cent of the their three years' average profits.  ALP tablets are used by the FCI for preserving its central pool...

A moratorium is not the magic bullet that can slay Bengal’s fiscal demons, several economists have said, pointing out that postponing the inevitable will be of little use unless backed up by a revenue mobilisation road map. Chief minister Mamata Banerjee had yesterday set a 15-day deadline for the Centre to announce a three-year moratorium on the payment of interest on the loans Bengal had taken. “A moratorium on repayment obligations can...

I recently wrote in this column about two cases where individual efforts to fight corruption and inefficient system brought results. Alas, it is fraught with difficulties and sometimes danger. Manjulaben Vaghela lives in Pardhol village in Dascroi taluka. She for past four years has been trying to get an electricity connection for her chhapra. Starting with the GEB, she has appealed to everyone concerned including the CM's secretariat. This has caused her...