In an attempt to extend the reach of banks in rural and semi-urban areas, the finance ministry has asked public sector banks to integrate their operations with regional rural banks (RRBs). "Charges for various banking services used by customers of RRBs are to be aligned with the sponsoring banks," a finance ministry official said on condition of anonymity. "Further, Cheques or drafts issued by RRBs should be treated at par...
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In 8 yrs, Cong income up by seven times by Gopu Mohan
What can power do to a political party’s financial health? Quite a lot, it seems. An RTI query by a Chennai-based activist shows that the income of India’s longest-ruling national party, the Indian National Congress, increased from Rs 69.55 crore in 2002-03 to a whopping Rs 467.57 crore in 2010-11. Documents accessed by activist V Gopalakrishnan show that the jump is even more evident when figures from 2003-04 are compared with...
More »NOIDA land acquisition: More farmers to move court
-PTI Stepping up pressure on the Uttar Pradesh government for better compensation, more farmers in NOIDA Friday decided to move court seeking to quash acquisition of their land. At a panchayat meeting in Sadullapur, farmers decided to file petitions to quash acquisition of their acquired properties. "Without court case, authorities do not agree for negotiations," farmer leader Surinder Bhatti said. At other panchayat meetings in Amnabad, Jewar and Dankore areas, farmers were of...
More »Tackling Black Economy: SC Takes Control from Government by Arun Kumar
The Supreme Court has converted a high-powered committee of the Government of India, on the issue of black money, into an SIT under its own direction. This is an expression of no-confidence in the executive. The government’s intention in tackling either the problem of black economy or bringing back the black savings stashed abroad is suspect. According to reports, the money stashed abroad by the corrupt businessmen, politicians and others...
More »Construction works destroy amission, bleed health funds by Pravin Kumar & Shailvee Sharda
The flexipool of National Rural Health Mission (NRHM) funds has been the juiciest target for fund plunderers. The head under which huge budget was earmarked for activities like construction and strengthening of healthcare facilities, provided ample scope for pilferage. The pattern of spending on infrastructure building and maintenance proves how extravagant UP has been on this count. Every single year, since the inception of the NRHM in 2005-06, the state...
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