-Bloomberg The corpse of Indian farmer Bengali Singh burned to ash atop a blazing funeral pyre on the banks of the river Ganges in 2006. Five years later, the dead man was recorded as being paid by India's $33 billion rural jobs program to dig an irrigation canal in Jharkhand state. Officials in his village and the surrounding region used at least 500 identities, including those of Singh, a disabled child of...
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Kisan Credit Cards: Bad loan bubble waiting to burst?-Dinesh Unnikrishnan
-Live Mint Subsidized loans given to farmers through KCCs could very well be the next big source of NPAs for banks Mumbai: A surge in exposure to farm debt through Kisan Credit Cards (KCCs) could emerge as a risk for India's state-run banks, according to experts. Subsidized loans are given to farmers through KCCs by state-owned banks. Until March 2012, the outstanding amount on such loans was`1.6 trillion through 20.3 million cards, as...
More »RTE: Education forum demands PM's intervention
-PTI In view of unsatisfactory progress by schools in meeting the March 31 RTE deadline, an education forum today indicated moving to court for ensuring legal entitlement under the Act and demanded Prime Minister Manmohan Singh's intervention in the matter. RTE Forum, a platform of national education networks and teachers, among others said they would demand that the Prime Minister convenes a meeting of chief ministers to ensure efficient implementation of...
More »CAG rapped Bihar government for lack of plan on utilisation of funds
-PTI PATNA: CAG has ticked off Nitish Kumar government for lacking objective planning for utilisation of funds drawn on Abstract Contingency(AC) bills. The Bihar government had withdrawn Rs 16,033.01 crore on AC bills between 2009-12 of which the plan head drawals accounted for Rs 12,332.64 crore which indicated that object level planning was absent as items of expenditure were known while drawing the amount, CAG said in its report on state finances...
More »No high five for RTE -Louis Georges Arsenault
-The Hindu Success stories from the right to education law give no joy when assessments show that children are ill-versed in the 3Rs and classrooms remain discriminatory Three years ago today, India, for the first time in history, made a promise to its children. With the Right of Children to Free and Compulsory Education coming into effect on April 1, 2010, every child was guaranteed the fundamental right to eight years of...
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