The Jharkhand government, which is sitting on a pile of MoUs worth over Rs 3 lakh crore, is planning to take legal action against rouge investors who have signed deals with the state and used allocated resources for profit without setting up their promised projects. Chief minister Arjun Munda has directed chief secretary S.K. Chaudhary to create a dossier on the status of all MoUs signed by the state government since...

-The Telegraph   There is no jargon in Assam chief minister Tarun Gogoi’s brand of economics — there are only blankets and bicycles and other such Mundane things that he feels the poor need. And he even got a nod from a man who has received the Nobel Prize for economics. Speaking at a discussion, flanked by Joseph Eugene Stiglitz, an economics Nobel laureate and Lord Meghnad Desai, professor emeritus at the London School...

-The Financial Express   The Unique Identification Authority of India (UIADI) has launched a micro ATM device that would enable beneficiaries like MG-NREGA workers with Aadhaar to withdraw money near their doors through core banking system. "The beneficiary has to put his finger and Aadhaar number in to the micro ATM wireless device and get the money within 8 to 9 seconds from a business correspondent after verification about the beneficiary having that...

The Jharkhand government has appealed to Maoist rebels to make a fresh beginning in the New Year by surrendering to the rule of law, as it responded to feelers from a section of cadres, but did not promise any let-up in ongoing anti-rebel operations. The government gave a month’s time to active members of CPI(Maoist) to return to the mainstream, through an advertisement in local dailies on December 31. In the public...

State has been directed to set up a separate development authority The Centre has asked the Jharkhand government to show urgency on both security and development matters in the Left-Wing-Extremism-affected Saranda forest. The State has been directed to set up a separate development authority to carry forward its initiative to provide basic amenities to 7,000 tribal families in the forest, and demanded early allocation of land for setting up 24 more CRPF...