-PTI The corporate affairs ministry is likely to order a probe into functioning of Saradha group companies amid growing controversy over the Kolkata-based entity allegedly duping thousands of investors. Corporate affairs minister Sachin Pilot along with senior ministry officials would hold a meeting on Thursday to look into the functioning of various chit funds including issues related to Saradha group companies. A senior official said the ministry is likely to order a probe...

-Live Mint Mani Shankar Aiyar, India's first panchyati raj minister, talks about the challenges the institutions face On Wednesday, India marked 20 years of panchayati raj, an exercise in devolving power to people at the grassroots. Rajya Sabha memberMani Shankar Aiyar was India's first panchyati raj minister, appointed to the newly created ministry in 2004. He headed a committee that examined the reasons why attempts at sharing power with self-governance units haven't...

-The Economic Times For many, it is a sense of deja vu. Fifteen years ago, the government and India's financial regulators came under fire after hundreds of crores were cleaned up by a few individuals and entities from gullible investors, who were promised fabulous returns from plantation schemes. In the uproar that followed, the government and the regulators sought to palm off the responsibility of regulation of such schemes on each...

-The Telegraph A jump in the Centre's annual social welfare spending from Rs 7,500 crore in 1991 to Rs 3 lakh crore now has failed to make much difference on the ground because panchayati raj institutions are being kept away from implementation of the schemes, a committee has found. The committee headed by senior Congress leader Mani Shankar Aiyar, in its report released on the eve of National Panchayat Day, pitched for...

-Live Mint Government rejects coal price pooling, moves closer to allowing projects assured fuel linkages by CIL to import coal The government rejected a proposal to pool coal prices and instead moved a step closer to allowing power projects that had been awarded through competitive bidding and assured fuel linkages by state-owned miner Coal India Ltd (CIL) to import the fuel and pass on the incremental costs as higher electricity tariffs. Price pooling...