The Central Bureau of Investigation has registered five new cases, including one against the former Family Welfare Minister of Uttar Pradesh, Babu Singh Kushwaha, pertaining to alleged irregularities in the implementation of the National Rural Health Mission (NRHM) funds, leading to a loss of Rs.28 crore to the exchequer. The investigating agency seized valuables, cash and documents during the searches conducted at 60 places in Delhi, U.P, Haryana and Madhya...

-The Hindustan Times   Different Central government departments have different interpretations of the transparency law, Right To Information, when it came to disclosing information. While some government departments have proactively disclosed the information, others have denied similar information citing prohibitory clauses of the RTI law. This reporter had filed a RTI application with the Cabinet Secretariat seeking copies of the minutes of the Group of Ministers and Empowered Group of Ministers constituted since June...

Some Dalit businessmen plan to launch a Rs 500 crore venture capital fund — India’s first community-focused fund. The Central government’s new procurement policy will open business opportunities worth Rs 7,000 crore for Dalit and s (ST) entrepreneurs. These entrepreneurs are now gearing up to tap this opportunity by launching their own venture capital fund and increasing their production capacities. The proposed Rs 500 crore venture capital fund will be the country’s...

Lack of adequate credit - the lifeblood for any company is threatening to derail fledgling attempts by hundreds of dalit entrepreneurs to overcome deep socio-economic barriers and break into mainstream business.  Without credit, such entrepreneurs would also struggle to cash-in on the Rs 7,000-crore business opportunity opened up by the central government's new dalit-friendly sourcing plan, unveiled last month.  Credit disbursements to dalit entrepreneurs through 20-odd schemes run by the Ministry of...

Has India done a China to its trade partners? Against huge opposition and popular discontent over the years, the Cabinet last week cleared 51 per cent foreign direct investment (FDI) in multi-brand retail and allowed 100 per cent FDI in single-brand retail. The move appears crafty in that it tries to change the perception of a reform impasse in the government while simultaneously aiding India’s negotiators to meet their peers...