An amendment to the Land Acquisition Act is being formulated to ensure minimum displacement of people and assess compensation on a scientific basis, Finance Secretary Ashok Chawla said on Monday. Speaking at a one-day Infrastructure Financing Conference jointly organised by the High Commission of India and the City of London at Mansion House here, the Finance Secretary said, "The Land Acquisition (Amendment) Bill, 2010, is under preparation, based on the principles...

Given the mind-boggling figures thrown up by the CAG report on the 2G scam, the gains seem rather modest. But in the year gone by, former telecom minister A Raja's finances have shown a healthy growth with regard to both income and investments. His political career may be headed south, but Raja's finances are in the pink of health. Not only has his personal income increased from Rs 11.47 lakh to...

A newly e-literate village paanwala's obsession with Google has blown the lid off a unique NREGS scam in Porbandar. The motley bunch of beneficiaries include affluent NRIs, doctors, government officials, teachers and well-off farmers — all shown as unemployed village labourers holding NREGS job cards. So far, the money siphoned off comes to nearly Rs 1 crore. On paper, there are 963 NREGS job cardholders at Kotda village in Kutiyana taluka...

Ajit Kumar Singh loves driving his father CP Singh’s brand new Mahindra Xylo on the potholed roads much more used to tractors carrying sugarcane in Ashokpur Tikia village of Gonda district in Uttar Pradesh. “It takes to the road in these interior regions much easily than the humble Alto we had earlier,” says the 20-year-old law student at the local degree college in Gonda, tapping his fingers on the freshly washed...

Being obsessed with Google, a betel shop owner has exposed the Mahatma Gandhi National Rural Employment Guarantee Act (NREGA) scam in Porbandar where most of the laborers mentioned in the list of beneficiaries were affluent NRIs, doctors in real life, who had never been a part of any job scheme. They have been shown as unemployed village labourers holding NREGA job cards, reports Hiral Dave of the Financial Express. The...