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Loan waiver package: Financial services dept pulled up

-The Hindustan Times The Comptroller and Auditor General has pulled up the department of financial services (DFS) for not properly monitoring the implementation of the Rs.52,000-crore debt waiver package. The DFS, under the finance ministry, depended completely on nodal agencies for monitoring the scheme that was announced by finance minister P Chidambaram in the 2008-09 budget, the report said. But, following the issue of the draft audit report, the ministry asked the RBI...

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Sloppy loan waiver edges out deserving farmers: CAG-Gargi Parsai

-The Hindu Evidence of tampering with, overwriting & alteration of records The Comptroller and Auditor General (CAG), in a report tabled in Parliament on Tuesday, pointed out that several ineligible farmers were favoured and a large number of deserving small and marginal farmers left out in implementation of the United Progressive Alliance’s much-touted Rs. 52,000-crore farm loan waiver scheme. The scheme, meant to help indebted farmers in districts where suicides occur, was so...

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CAG smells a rat in UPA's Rs 72k-cr farm debt relief scheme

-The Business Standard Report says ineligible farmers given benefits In a fresh blow to the United Progressive Alliance (UPA), the Comptroller and Auditor General of India has rapped the finance ministry over allegedly serious lapses in implementation of the Rs 71,680-crore agricultural debt waiver and debt relief scheme — a major plank on which the coalition had contested the 2009 general elections. A report tabled in Parliament today showed CAG, after auditing 22.32...

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Surrender sop for Maoists up 25 times -Vishwa Mohan

-The Times of India Surrender will become more lucrative for Maoists across the country from April 1. The finance ministry has approved the home ministry's proposal to increase its share of financial contribution for each surrendered ultra by 25 times for senior Maoists and 15 times for foot soldiers. A senior ultra (politburo member or state/zonal/district committee commander) will get Rs 2.5 lakh, while a junior cadre will get Rs 1.5 lakh...

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Taskforce appointed to amend Universal Pension norms

-The Business Standard Team set up after movement began under Aruna roy, activist Baba Adhav 2 years ago demanding universal pension as a right for all A task force set up by the Government to look into reforms in pension for the unorganised sector has recommended universal pension for those below the poverty line, and a target of covering them in the next five years. It also recommended a slight increase in pensions...

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