The finance ministry is putting shape to a new social security scheme for unorganized sector workers, creating for the first time a safety net for millions of underpaid and overworked people, many of whom living in abject poverty.  The ministry has discussed with the Life Insurance Corporation (LIC) and the four state run non-life insurance companies the contours of this scheme that will provide life insurance, health cover and retirement pension...

Opposes changes in bid norms, extra land acquisition and move to allow bidders to develop more than one UMPP The government’s auditor has come down hard on irregularities in the government’s policy on so-called ultra mega power projects, or UMPPs. The report of the Comptroller and Auditor General of India (CAG), parts of which have been seen by Mint, is with the power ministry for its comment, and could cause further embarrassment...

-PTI   The lead auditor of the 2G telecom audit today stuck to his stand that the loss due to spectrum allocation was Rs 2,645 crore and he had signed the final report on the alleged scam on the direction of his superiors. Appearing before the Joint Parliamentary Committee (JPC) going into the 2G issue, RP Singh, the then Director General, Audit (Post and Telecommunication), said quantification of loss was not part of...

The Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) is under pressure from several quarters. One such source of pressure is the rural rich whose concerns were recently voiced by Agriculture Minister Sharad Pawar, when he raised the bogey of shortage of supply of farm workers because of the employment guarantee scheme. The fact is that the national average for workdays generated under the scheme is less than half of the...

Tamil Nadu has stopped using banks to pay workers employed under the National Rural Employment Guarantee Scheme (NREGS), turning the clock back on the programme that was expected to eliminate layers of middlemen in reaching money to the poor. Rural development ministry officials at the Centre confirmed the development, but termed it “a temporary setback”. However, Tamil Nadu is not alone. Andhra Pradesh too has asked some of its poorest...