The heat on telecom minister A Raja is rising, with the Comptroller and Auditor General holding him personally responsible for the sale of 2G spectrum at dirt cheap rates in 2008, resulting in a loss of up to Rs 1.70 lakh crore to the national exchequer. The damning indictment stacks the odds even higher against Raja, who is already under intense scrutiny by the telecom watchdog, civil society and the Supreme...

IF Brazil has its Bolsa Familia, and Mexico its Progresa — schemes for alleviating poverty that have caught the fancy of international organisations — something that India has done recently is making news internationally. India’s system of social Audits, that is, independent but local Auditing of social programmes to fight poverty, like the Mahatma Gandhi National Rural Employment Guarantee Act (MNREGA), is attracting world attention. A 42-member delegation from 33 countries...

With the aim of bringing transparency in work, Jan Mitra Nyas, a trust constituted by the NGO People’s Vigilance Committee for Human Rights (PVCHR), organised its social Audit at a hotel in Jagatganj area in Varanasi on Wednesday. The trust presented all its balance sheets, account bill vouchers and progress reports, before the people from areas where the trust’s projects are being run, including both representatives of these programmes and...

Microfinance is an effective tool for financial inclusion. Here are some elements of the recently embattled sector The recent controversy surrounding the microfinance sector has entirely eclipsed the fact that it is the first effort in India to have delivered financial services to remote corners of the country in a self-sustaining manner. The stakes are high for India’s poor, and we have to pave the way for orderly growth in the...

India has slipped to 87th spot in Transparency International’s latest ranking of nations based on levels of corruption, with the global watchdog asserting that perceptions about corruption in the country increased in the wake of the Commonwealth Games Against the backdrop of alleged irregularities in the recently held Commonwealth Games (CWG), India’s perceived corruption levels have gone up, with a corresponding worsening of its world ranking. According to Transparency International’s Corruption...