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CAG rapped Bihar government for lack of plan on utilisation of funds

-PTI PATNA: CAG has ticked off Nitish Kumar government for lacking objective planning for utilisation of funds drawn on Abstract Contingency(AC) bills. The Bihar government had withdrawn Rs 16,033.01 crore on AC bills between 2009-12 of which the plan head drawals accounted for Rs 12,332.64 crore which indicated that object level planning was absent as items of expenditure were known while drawing the amount, CAG said in its report on state finances...

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SFI leader’s death causes furore

-The Hindu Police do not deny that it was a case of death in police custody, but say they exercised restraint Kolkata: The death of a State committee member of the Students Federation of India (SFI), students' wing of the Communist Party of India (Marxist), allegedly in police custody has created a stir here and raised fresh questions about police excesses in the State. Sudipta Gupta, who completed his post-graduation from the Rabindra...

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Domestic pharma lauds apex court verdict-Reghu Balakrishnan

-The Business Standard Patients' lobbies cheer ruling on anti-cancer drug Glivec, as affordability and access to life-saving drugs get a leg-up Though the India office here of Swiss pharma giant Novartis wore a gloomy look following the Supreme Court rejection of its Glivec patent application, Indian pharmaceutical companies and patients' associations are in celebration mood. D G Shah, secretary general, The Indian Pharmaceutical Alliance (IPA), comprising leading research-based Indian pharma companies, said,...

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Diversion of Himachal forest land: Activists, tribals see red-Chander Suta Dogra

-The Hindu   The government does it purely on the strength of a certificate issued by the district administration Even as the recent affidavit submitted by the Union Ministry of Environment and Forests (MoEF) before the Supreme Court in the Vedanta case has caused dismay among tribal communities and activists for the dilution of its stand on diverting forest lands of tribal communities, the Ministry has gone a step further and allowed diversion...

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Cash Transfer of subsidy could save Rs 60,000 crore: Study -Surojit Gupta

-The Times of India Direct Transfer of benefits in cash to targeted beneficiaries of food and fertilizer subsidies could save an estimated Rs 60,000 cr and help trim the fiscal deficit which, in turn, may calm stubbornly high food inflation, a study by a government wing has shown. The study showed that policies to rein in food inflation would require winding down of the fiscal deficit, which has gone above 8% of...

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