This will speed up payment of wages under employment guarantee scheme In a major step to alleviate delays in wage payments under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS), Bihar Chief Minister Nitish Kumar on Thursday launched an “e-Shakti Financial Inclusion” scheme – the first of its kind in the country. The scheme aims at providing about three crore villagers with ‘e-Shakti' biometric smart cards, with the Central Bank of...

In a development that promises to snowball into a major election issue for the first time, Patna High Court has ordered a CBI probe against Nitish Kumar and his colleagues for alleged financial irregularities. The high court today ordered investigations into irregularities to the tune of Rs 11,412 crore drawn from state treasuries. The amount was drawn between April 1, 2002, and March 31, 2008, by various state departments to...

The Nitish Kumar government has earned the power to confiscate the property of corrupt public servants with the Centre eventually giving its assent to the Bihar Special Court Bill, 2008. The state legislature had passed the bill and sent to the Union government for presidential nod. But the central government failed to clear it for a year apparently because of the pressure of what is learnt to be the “IAS lobby”....

It is presumed that the industrial development in Bihar is hampered by lack of investments. Is it because of 'unproductive' government policies or an unpredictable law and order situation? And how to increase the flow of investment in the state? In order to find out answers to all such questions and debate these issues, Business Standard Hindi recently organised a roundtable in Patna. The seminar was attended by various small...