-Live Mint State govt says did not receive notice from SC before order was issued; SKS shares fall 19.63% in intra-day trade Mumbai: Andhra Pradesh, once the largest market for microlenders and home to India's lone listed such institution SKS Microfinance Ltd, said on Thursday it would challenge the Supreme Court's recent interim order allowing the company to resume operations in the southern state, driving the stock down by almost 20%...
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Fund diversion, lack of infrastructure plaguing ICDS, says CAG report
-The Hindu Business Line Diversion of funds, lack of buildings, toilets, medicine kit, weighing machines and staff shortage at all levels are plaguing the Government’s flagship Integrated Child Development Scheme (ICDS), says a CAG report tabled in Parliament on Tuesday. The report found that Rs 57.82 crore had been diverted to activities not permitted under the scheme in five of the 13 States during 2009-11. Also, Rs 70.11 crore meant for the...
More »CAG audit reveals lapses in ICDS implementation
-The Hindu India has registered higher infant and child mortality rates than Sri Lanka and Bangladesh. Further the country’s position on the measure of the percentage of underweight and severely underweight children during the period 2006-10 was more than twice than that in the Sub-Saharan African region. This was revealed in the Comptroller and Auditor General of India’s performance audit of the Integrated Child Development Services (ICDS) Scheme — Union Ministry of...
More »Budget 2013: Rs 80,194 crore to Ministry of Rural Development
-The Economic Times Finance Minister P Chidambaram has allocated Rs 80,194 crore to Ministry of Rural Development in Budget 2013. Giving the emphasis on education, Chidambaram said Budget 2013 will allocate Rs 65,867 crore to the HRD ministry. My budget's overarching goal is to create opportunities for our youth, he said. More than the fiscal deficit, Chidambaram said his greater worry is the current account deficit. In his Budget speech, he said the 'passion...
More »Prosecutor was helping key accused in 2G case, CBI says
-The Times of India In a stunning twist to the 2G case, an audio tape of a CBI senior public prosecutor purportedly advising a key accused on how to counter prosecution's charge has emerged, breathing fresh life into the mega-swindle and bringing fresh trouble for the government. The tape sent to the CBI anonymously has the agency's senior public prosecutor A K Singh speaking to Sanjay Chandra, MD of Unitech and...
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