Unpaid bills of Rs 17,000 crore — and growing — have revealed hidden food subsidies and acute financial mismanagement as the government prepares to adopt the costliest, most ambitious legislation of its tenure. Documents accessed by Hindustan Times reveal this is the money the government now owes the state-run Food Corporation of India (FCI), hampering its mammoth operation of buying grain from the farmer, storing it and selling it cheaply...
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Right to information left to rot! by G Manjusainath
The RTI Act was envisaged as a potent weapon to fight corruption by ushering in an age of transparency. Yet powerful men in power have ganged up to throttle the law through deliberate delays and by arm-twisting applicants. A comprehensive look at the law. Aweapon in the hands of people. That was how the Right to Information (RTI) Act was envisaged, almost six years back. But the bureaucracy, in connivance with...
More »RTI reveals RBI apathy over National Litigation Policy by Vijaysinh Parmar
The National Litigation Policy (NLP) aimed at reducing the cases pending in various courts in India is nine months old, but the Reserve Bank of India (RBI) which is supposed to implement the pro-citizen policy in the banking sector is unaware of it. The Department of Banking Operations and Development in the RBI's central office in Mumbai has told a Right to Information (RTI) activist that it does not have any...
More »Balakrishnan declares assets worth Rs 76.65 lakh
CPM Politburo member and Kerala Home Minister Kodiyeri Balakrishnan has assets worth Rs 76.65 lakh, according to the affidavit filed by him on Thursday as part of his election nomination papers for the April 13 assembly polls in the state. Balakrishnan, who filed his nomination from Thalassery assembly constituency in Kannur district, declared that he has Rs 36.20 lakh worth assets and his wife Rs 40.45 lakh. He said that he has...
More »Bad debts on farm loans pile up by Pradeep Thakur
The government has enhanced credit to the agriculture sector by Rs 1 lakh crore in the Budget but the pressure to meet the target has been showing on the bottom lines. All government banks are reporting an increase in their bad debts on farms loans ranging between 80% and 2000% in the first nine months of 2010-11. State Bank of Bikaner and Jaipur reported the highest increase in non-performing assets...
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