-The Indian Express The 612 Indians on the list of those who have invested in tax havens such as the British Virgin Islands include two MPs, a former royal and top industrialists. RITU SARIN puts together details of 20 among them SONU LALCHAND MIRCHANDANI Mirchandani is the founder of popular consumer electronics firm Onida. Mirchandani and his wife, Soni, opened a BVI company called Strong Wing Overseas Ltd in 2006 with an authorised...
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Jumbo con: Chhattisgarh fudges forest data for coal mining -Nitin Sethi
-The Times of India The Chhattisgarh government fudged records, concealed facts, changed policy and altered decisions while the Union environment ministry overlooked all such illegalities to open up 1,899 hectares for mining in Hasdeo Arand, one of the best patches of forests in central India. Initially, the Centre had decided to protect Hasdeo Arand by making it a no-go zone for miners. The Chhattisgarh government too had moved to get the dense...
More »Loan waiver package: Financial services dept pulled up
-The Hindustan Times The Comptroller and Auditor General has pulled up the department of financial services (DFS) for not properly monitoring the implementation of the Rs.52,000-crore debt waiver package. The DFS, under the finance ministry, depended completely on nodal agencies for monitoring the scheme that was announced by finance minister P Chidambaram in the 2008-09 budget, the report said. But, following the issue of the draft audit report, the ministry asked the RBI...
More »LPG relief for midday meal kitchens, canteens -Sanjay Dutta
-The Times of India It appears to be one step forward and two steps back for the government in so far as pruning of fuel subsidy bill is concerned. The latest example is the oil ministry's order asking state-run fuel retailers to supply cooking gas cylinders at subsidized rate to non-domestic consumers such as canteens, medical institutions and mid-day meal kitchens. The order on cooking gas, issued on Tuesday, comes close on...
More »World Bank Unmoved on Auditor’s Criticism of Forest Policy -Carey L Biron
-IPS News Officials at the World Bank are forcefully rejecting a new internal evaluation that is highly critical of the institution’s decade-long forest policy, expressing their “strong disagreement” with some assertions in the report. The assessment, written by the Independent Evaluation Group (IEG), the World Bank Group’s auditor, warns that expectations for poverty reduction as envisioned in the bank’s 2002 Forest Strategy “have not yet been met”. The report is particularly critical...
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