As bank gears up for competition, it may further dilute environmental safeguard policies WITH financial institutions of emerging economies like India and China getting big time into development lending, the World Bank plans reforms to attract its borrowing countries. Some of the important plans are to disburse loans faster and on flexible terms. Bank watchers and civil society groups say the reforms, expected to be in force by the year-end, would...

Vinod Rai’s searing honesty in his job as the country’s CAG has the government in many a bind CAG Catch 1     2G Spectrum, 2010     The CAG audit over a six-year period from 2003 finds loopholes in the implementation of norms, leading to DoT allocating spectrum at 2001 prices. Estimated loss to exchequer: the now-household figure of Rs 1.76 lakh crore.     Outcome Former telecom minister A. Raja, MP Kanimozhi, telecom and...

Civil society groups have opposed a government proposal to rid its flagship rural jobs guarantee programme of malpractices, saying the plan is "hazy and lacks clear direction". The opposition to the proposal, which seeks social and financial audits of schemes under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), comes at a time when the government is facing the heat of a campaign led by social activist Anna Hazare over...

The National Institute for Smart Government (NISG) was established in May, 2002 with a vision to establish itself as a centre of excellence by leveraging private sector resources through the public-private partnership mode for the spread of e-governance. The national taskforce on IT and software development set up in 1998 first came up with the idea of establishing an institute in collaboration with Nasscom. Thereafter, a high-powered committee under the cabinet...

Jawaharlal Nehru University, set up as a centre for academic excellence for the whole country, mainly caters to students from UP and Bihar. This has come out in the draft performance audit report of Comptroller & Auditor General that also found JNU having diverted Rs 6.29 crore, allocated under Infrastructure Development Fund for OBC reservation, to pay electricity/water charges. The government auditor said JNU had failed to maintain an "all-India character...