-PTI New Delhi: Auditor CAG has pointed out discrepancies in the implementation of social welfare schemes including mid-day meal (MDM) and pulled up the Delhi government for its failure to obtain fund utilisation certificates from various institutions.   The auditor also criticised the performance of the Delhi tourism and transport development corporation, saying that it has failed to formulate a perspective plan for tourism promotion in the city despite 39 years of its...

-The Times of India Despite a historic amendment in 2005, the Hindu inheritance law still suffers from gender bias. It is 10 years since the daughter has been brought on a par with the son under the Hindu Succession Act, 1956 (HSA). This historic amendment of 2005 never made much of a splash though, unlike other farreaching enactments of the same year such as RTI, NREGA and even the domestic violence law. The...

-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...

-Business Standard Sector players await government's decision on future of Rashtriya Swasthya Bima Yojana The government-sponsored Rashtriya Swasthya Bima Yojana (RSBY) is set to undergo a overhaul with a proposal to have only public general insurers manage the scheme through a trust-like structure. Sources said the bids that would have been considered for new contracts have been left unopened as the stakeholders are awaiting the government's decision on its future progress. A senior public...

-Press Information Bureau/ Ministry of Finance Economic Outlook, Prospects and Policy Challenges Macroeconomic fundamentals in 2014-15 have dramatically improved. Highlights are: * Inflation has declined by over 6 percentage points since late 2013. * The current account deficit has declined from a peak of 6.7 percent of GDP (in Q3, 2012-13) to an estimated 1.0 percent in the coming fiscal year. * Foreign portfolio flows have stabilized the rupee, exerting downward pressure on long-term interest...