Satyam Computer Services and its former auditor PricewaterCoopers (PwC) have agreed to pay a combined $17.5m (£10.7m) in fines in the US after one of India's biggest corporate scandals. Satyam, an outsourcing company, will pay $10m for falsely reporting more than $1bn in profits over five years. The company's chairman Ramalinga Raju admitted to the fraud in 2009. Satyam's shares were indirectly traded on the New York Stock Exchange (NYSE) as well as...
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Andhra Pradesh CM views MGNREGA will be a boon for rural development in the State
The Chief Minister Mr. N. Kiran Kumar Reddy is of the view that the inclusion of Rural Connectivity as one of the permissible categories of works under Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) will be a boon for rural development in the State. Providing connectivity to SC, ST and other remote habitations including providing internal roads in the SC/ST habitations are approved for implementation. The Chief Minister was informed...
More »Central RTI law: some shine, still shackled
The Right to Information Bill tabled in Parliament raises expectations to new levels by proposing a dedicated Information Commission for enforcement. Except, the commission is crippled at conception, with no direct penalizing powers. Prakash Kardaley comments. The Central Right to Information Act as tabled before the Parliament is flawed. The penalty clause as proposed by the Sonia Gandhi chaired National Advisory Council (NAC) has been mercilessly diluted. The provision to keep...
More »Parties ask UP Govt to consider wheat export by Arvind Singh Bisht
With wheat production expected to touch a new high during the ongoing Rabi season, a demand for its export has gained ground in UP. The export, is seen as the only way to help ease the problem of plenty and also to ensure remunerative prices to farmers. Incidentally, India's overall wheat production is also estimated to go up substantially. This comes at a time, when there is a global slump with...
More »Sangma govt to set up body for NREGA wage payment
The Mukul Sangma government will set up an agency to ensure there is no delay in payment of wages under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA). "The State Rural Agency of Meghalaya would be responsible for ensuring there is smooth flow of funds in the implementation of the MGNREGA in the state. We have approved the proposal submitted by the Community and Rural Development (C&RD) development for...
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