-The Times of India MUMBAI: Market regulator Sebi on Wednesday cracked down on the retail-to-financial services Sahara group and ordered the attachment of all assets of two Sahara group firms, besides freezing their Bank Accounts and those of their promoters and directors including that of group head Subrata Roy. Sebi's crackdown on the two Sahara group firms—Sahara Housing Investment Corp and Sahara India Real Estate Corp — comes exactly a week after...

-Live Mint The project is part of the country’s ambitious cash-transfer plan for selected welfare programmes Bangalore: Karnataka will start transferring cash directly to the Bank Accounts of the beneficiaries of India’s rural job guarantee scheme on a pilot basis in seven districts later this year, the state government said. This is part of the country’s ambitious cash-transfer plan for selected welfare programmes that the central government wants to eventually adopt across the...

-Live Mint Ministry wants UIDAI to be held liable for fake transactions, but the latter says that’s outside its mandate The transformation of India’s subsidy system to one in which cash is paid directly to the intended beneficiary is faced with a situation in which none of the various government agencies involved is willing to assume responsibility in cases of fraud, according to two people familiar with the development. The programme, the pilot...

-The Times of India There was no let up in bad news for the government on the economic front. Amid the debate over slowing economic growth, data released by the Central Statistics Office (CSO) on Tuesday showed industrial output fell 0.6% in December, posing fresh policy challenges. This is the second successive month of decline for factory growth which has remained anaemic due to a string of factors including high interest rates,...

-The Times of India In a relief to yoga guru Ramdev, the Delhi High Court on Monday ordered de-freezing of 11 Bank Accounts of Patanjali Yogpeeth Nyas, sealed by the Income Tax department after the Trust allegedly failed to pay the first installment of Rs 75 lakh of the total tax of Rs 34.68 crore. "We direct the attachment order (of Bank Accounts) be lifted subject to petitioner (Patanjali Yogpeeth Nyas) paying...