-The Economic Times For many, it is a sense of deja vu. Fifteen years ago, the government and India's financial regulators came under fire after hundreds of crores were cleaned up by a few individuals and entities from gullible investors, who were promised fabulous returns from plantation schemes. In the uproar that followed, the government and the regulators sought to palm off the responsibility of regulation of such schemes on each...
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Irregularities in implementation of national rural employment scheme: CAG audit report -Swati Mathur
-The Times of India LUCKNOW: The Comptroller and Auditor General of India tabled the second performance audit of the Mahatma Gandhi National Rural Employment Guarantee Act in Parliament on Tuesday. The first performance audit was undertaken in 2007-08. The period of coverage of the first audit was February 2006 to March 2007. The present performance audit of the implementation of MGNREGA was taken up in response to a request from the ministry...
More »UPA's flagship employment scheme draws flak from CAG
-PTI Implementation of government's flagship scheme MNREGA has come under flak from CAG on various counts, including diversion of funds and impermissible works undertaken to the tune of about Rs 2,252 crore. The audit undertaken by the Comptroller and Auditor General of the programme launched by the Rural Development Ministry in 2006 found that works amounting to around Rs 4,070 crore were incomplete even after one to five years of launching. The CAG...
More »Shinde pushes for NCTC again-Sandeep Joshi
-The Hindu "We are trying to strengthen the humint component " Amid indications of no major headway in last week's blast outside the State Bharatiya Janata Party (BJP) office in Bangalore, Union Home Minister Sushilkumar Shinde on Monday again pushed for the controversial National Counter Terrorism Centre (NCTC) that would strengthen intelligence set up of the States. "We are trying to strengthen the ‘humint' (human intelligence) component in our intelligence agencies. That will...
More »Sahara India under EPFO scanner for payment defaults-Surabhi
-The Indian Express Sahara India, which is already being investigated by market regulator Sebi, has now also come under the scanner of the provident fund department and is amongst the top defaulters of the Employees' Provident Fund Organisation (EPFO) in the country. Five of the group firms including Sahara India Financial Corporation and the former Sahara Airlines are part of the top 50 companies in the country that have defaulted on depositing...
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