-The Times of India NEW DELHI: Blaming weaknesses in the regulatory system as being the reason behind the rising cases of financial sector fraud, Comptroller and Auditor General (CAG) Shashi Kant Sharma on Friday drew attention to huge non-performing assets (NPAs) of public sector banks, a significant part of which could have been fraudulently obtained as advances by debtors and transferred abroad, from where they may never be recovered. The CAG also...
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Skill India needs a Tell India: We need to match skills with real jobs
-Hindustan Times It is almost a year since the launch of the Pradhan Mantri Kaushal Vikas Yojana (PMKVY), or the Skill India mission, with the aim of giving as many as 2.4 million young Indians industry-relevant training with an elaborate certification scheme. One year is too short a time to assess true progress in a bureaucracy-driven system of the kind India has, but, given the NDA’s earnestness to create jobs by...
More »Letting them off easy -Manju Menon & Kanchi Kohli
-The Hindu In the newly proposed draft notification seeking to amend the Environment Impact Assessment, the Central government offers a way out to those who have violated environmental norms The Ministry of Environment, Forest and Climate Change (MoEF) has issued a draft notification seeking to amend the Environment Impact Assessment (EIA) of 2006, allowing those who violate this law to continue work with an Environment Supplement Plan (ESP). This is the first...
More »What does the ongoing drought teach us -Kunal Shah
-Hindustan Times With progressively increasing severity of rising temperatures and rain deficits over two consecutive years – 2014 and 2015, the Great Indian Drought was always coming. The India Meteorological Department, ministry of home affairs, the ministry of water resources, the Ministry of agriculture and farmers welfare office, and the National Disaster Management Authority knew it. The question is, what did we do with this knowledge? Six hundred million of India’s 1.2 billion...
More »Centre owes over Rs. 81,000 cr. to States
-The Hindu The amount is tax share of last 10 years The Centre owes over Rs. 81,000 crore to States as tax shares of last 10 years, according to a finding by the Comptroller and Auditor-General of India. According to details of communication between the CAG and the Finance Ministry, between 1996-97 and 2014-15, the Centre has failed to devolve to States Rs. 81,647.70 crore. Just in 2006-07 the Centre did not disburse...
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