It is almost two years since the German Government had passed on the names and bank account details of eighteen Indians who had stashed their alleged ill-gotten wealth in the LGT bank of Liechtenstein, a well-known tax haven nation, 190 km from Munich, Germany. Germany had officially handed over the list to the Indian Government on 18 March 2009. Prime Minister Manmohan Singh and Union Finance Minister Pranab Mukherjee have since...
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UID boss Nilekani for pvt identity, public access
Nandan Nilekani-led Technology Advisory Group for Unique Projects (TAGUP) on Friday submitted its report to finance minister Pranab Mukherjee suggesting systematic change in the way key projects are incubated and executed. The report has mooted the idea of a "mission leader" for every project and a dedicated mission execution team. "Strong support from the top leadership within government, dedicated team at the level of project implementation and ownership and commitment at various...
More »Subbarao deposes before PAC by Neena Vyas
Reserve Bank of India Governor D. Subbarao on Thursday deposed before the Public Accounts Committee (PAC), which is looking into the Comptroller and Auditor General (CAG) report on the 2G spectrum allocation scandal. PAC chairman Murli Manohar Joshi said the committee had some questions to ask related to Dr. Subbarao's stint as Finance Secretary in 2007-08 just before he became RBI Governor. At a previous meeting of the PAC, another former...
More »Kind to cash by Richard Mahapatra
The government has a plan to reach welfare to the poor without wasting money. It wants to put hard cash in their hands instead of spending on welfare programmes. To begin with, it wants to end the public distribution system of food grain and give money directly to the people. Its logic: the new system of cash transfer will plug leakages and save an enormous amount of money. But is it...
More »Courts told to clear corruption backlog by Nagendar Sharma
In its bid to put in place a concrete anti-corruption mechanism, the government has asked the chief justices of all 21 high courts in the country to fast track pending graft-related cases by ensuring decisions are taken within a definite time period. Following the setting up of a nine-member group of ministers (GoM) to finalise a framework to tackle corruption, law minister M Veerappa Moily, in his letter to the...
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