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454 babus in dock over assets-Vishwa Mohan

Cracking the whip on officers, who have failed to declare their immovable property, the Centre has recommended "appropriate action" against 454 Class 'A' officers, including eight joint secretaries and 44 directors, that may not only delay their promotion but also invite adverse remarks in their annual performance appraisal reports. Out of these 454 Central Secretariat Service Officers, the highest number of defaulters are from the department of agriculture and cooperation (58)...

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Lanco found guilty of false commissioning of plants-Ankur Paliwal

To lose bank guarantees for its four power plants in Rajasthan The Union Ministry of New and Renewable Energy (MNRE) has found Lanco Infratech guilty of false commissioning of solar power plants in Rajasthan. The company will now lose its first set of bank guarantees for the remaining four solar photovoltaic plants in Rajasthan. It has already lost bank guarantees of three other plants being set up in the state after...

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Farmers' pie-Sreelatha Menon

The second green revolution found a mention in the Union Budget as a big achievement for the government. But, while paddy production went up manifold in eastern India, did it help its producers? In Finance Minister Pranab Mukherjee’s home state of West Bengal, there was agony everywhere in the last few months, as paddy and potatoes were selling cheap and pauperised cultivators were killing themselves. The government was nowhere to procure...

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Gotcha! Three sins of loan recovery

-The Telegraph Bengal’s co-operation department spent the better part of Tuesday on an unusual mission: how to enforce Mamata Banerjee’s very chief ministerial order to nail those who tried to recover money lent by a co-operative bank. “I have asked to lodge an FIR,” Mamata had declared yesterday while ordering the withdrawal of attachment notices on two farmers and announcing that the law will be changed to make government approval mandatory before...

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Change in default law to shield farmer land

-The Telegraph   Chief minister Mamata Banerjee has ordered an amendment to a state law to prevent rural co-operative banks from attaching the land of loan-defaulter farmers without government approval. The directive was issued after Mamata came across two posters by a co-operative bank controlled by Trinamul Congress leaders, which sought to auction the land of farmers who have not repaid loans. “I am assuring my brothers that nobody will go to confiscate your...

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