-Outlook Expressing serious concern over the implementation of Rs 52,000-crore farm debt waiver scheme, government auditor CAG today said in several cases ineligible farmers were given benefit while deserving ones were left out. Comptroller and Auditor General (CAG) has also found instances of tampering of records and pulled up the Department of Financial Services (DFS) in the Finance Ministry for deficient Monitoring of the multi-crore scheme. "Overall, the Performance Audit revealed that in...
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Financial services secretary Rajiv Takru seeks details of top 50 NPAs from state-run banks
-The Economic Times The finance ministry has told all state-run banks to disclose their 50 largest bad loans to help them make a recovery plan and establish a system for zero tolerance against wilful defaulters. In a recent meeting with heads of state-run banks, new financial services secretary Rajiv Takru told them to furnish details of their top 50 non-performing assets (NPAs), including loan sanctioning officer, terms of loan, the collateral furnished...
More »Response to 'A Cost-Benefit Analysis of UID'-Sumathi Chandrashekaran, Shekhar H Kumar, Smriti Parsheera, Ila Patnaik, Madhavi Pundit, Suyash Rai and Ajay Shah
-Economic and Political Weekly A debate on the study "A Cost-Benefit Analysis of Aadhaar" conducted by the National Institute of Public Finance and Policy which was discussed in the EPW of 2 February 2013. Sumathi Chandrashekaran, Shekhar H Kumar, Smriti Parsheera, Ila Patnaik, Madhavi Pundit, Suyash Rai, Ajay Shah A debate on the study “A Cost-Benefit Analysis of Aadhaar” conducted by the National Institute of Public Finance and Policy which was discussed in...
More »On the NIPFP Response-Reetika Khera
-Economic and Political Weekly Before I take issue with some of the points made in the NIPFP response to this comment, it may be useful to recapitulate a few points on which there appears to be agreement: (1) Aadhaar-integration can resolve only certain types of leakages, for which reliable data is unavailable; this was not adequately accounted for in the cost-benefit exercise; (2) the NIPFP study has a fragile basis (in...
More »Growth in pits, PM targets mining in opposition-ruled states -Rajeev Deshpande
-The Times of India Under pressure to energize the economy ahead of the 2014 election, the Manmohan Singh government is reaching across political divides to rescue mining projects in opposition-ruled states of Goa, Odisha and Karnataka. With third quarter growth sinking to 4.5% and the economic survey pointing to a mining and quarrying slowdown as a reason for poor industrial growth, the Centre has decided to ask the Supreme Court to relax...
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