-DNA On July 18, 2012, social activist TJ Abraham had filed a complaint with the court stating that while constructing the NICE Road, huge tracts of land has been grabbed illegally. The land belonged to poor people and farmers and has been purchased for lesser price than the market value. NICE for its project has occupied 20,193 acres land in total, in which it illegally encroached around 5,972 acres, Abraham had filed...
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‘Poor in India are ethical... we must lend more to the poor’
-ENS Economic Bureau At a time when companies such as Kingfisher Airlines and Suzlon Energy have defaulted on bank Loans, finance minister P Chidambaram on Tuesday made a strong pitch for individual borrowers with low income, asking banks and financial institutions to not hesitate in giving Loans to them. “The poor in India are not bad borrowers. The poor in India are not dishonest borrowers. The poor in India are ethical, honest...
More »Sheila photo on loan form kicks up row-Aneesha Mathur
-The Indian Express Lokayukta issues notice to finance corporation: Who took the decision to put the pictures? Delhi Lokayukta Manmohan Sarin has issued a notice to the Delhi State SC/SC/OBC/Minority and Handicapped Finance and Development Corporation (DSFDC) to explain the decision behind the new loan application forms, which are now being sold at Rs 100 each with pictures of Chief Minister Sheila Dikshit and PWD Minister Raj Kumar Chouhan printed on them. The...
More »Drivers are directors in netas’ firms -Prafulla Marapakwar
-The Times of India MUMBAI: Manohar Panse, the driver of BJP president Nitin Gadkari, who was found to be a director on several of Gadkari's companies, is not alone. Peons, clerks and drivers of leading politicians have become overnight millionaires or secured key assignments in the institutions set up by their employers. TOI was the first to break the story about Panse being a director in five of Gadkari's Purti Power and...
More »Questions swirl around source of funding of Gadkari's firm -Josy Joseph, Anjaya Anparthi, Abhishek Choudhari & Shishir Arya
-The Times of India NEW DELHI/ NAGPUR: Grave questions have surfaced over the source of funds for Purti Power and Sugar Ltd, controlled by BJP president Nitin Gadkari. Investigations reveal significant investments and large Loans to Purti by a construction firm, Ideal Road Builders (IRB) Group, which had won contracts between 1995 and 1999, when Gadkari was the PWD minister in Maharashtra. Besides IRB Group, the other significant shareholders in Purti are...
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