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A third of top 500 firms’ books dodgy: SFIO -Subhomoy Bhattacharjee

-The Financial Express A forensic report prepared for the Serious Fraud Investigation Office (SFIO) shows over a third of India's top 500 companies, including those in the top 100, are "managing" their accounts. It finds that companies where promoters hold more than 50% of total shareholding are more likely to take such steps to impress markets with their performance. Both domestic companies and subsidiaries of multinationals listed in India show similar trends...

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Supreme Court to hear plea against re-promulgated land ordinance on Monday

-PTI NEW DELHI: The Supreme Court today agreed to hear on Monday the plea of farmers' organisations challenging legality of the fresh promulgation of the land acquisition ordinance by the Narendra Modi-led government. "We will have it on Monday," a bench comprising Chief Justice H L Dattu and Justice Arun Mishra said, when senior advocate Indira Jaisingh, appearing for farmers' organisations sought urgent hearing of the petition. The farmers' organisations, in their plea...

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Don't insist on Aadhar, warns SC -Krishnadas Rajagopal

-The Hindu "No person should be denied any benefits or "suffer" for not having the Aadhaar cards issued by Unique Identification Authority of India." Clearing all doubts about the validity of Aadhaar card to avail of government subsidies, the Supreme Court on Monday confirmed that the Aadhar card is not compulsory, and further, officials who insist on them will be taken to task. A fuming Supreme Court issued a stern warning to the...

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Maneka glare on training -Ananya Sengupta

-The Telegraph New Delhi: Maneka Gandhi has asked non-profit organisations to move beyond stereotypical skills like stitching and tailoring to "specific vocations" while applying for funds to train women and warned of a crackdown if the course didn't lead to employment. Sources in Maneka's women and child development ministry said the advisory, sent to all NGOs working with the department, had basically two objectives: weed out Fraudulent applicants and impart skills with...

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Budget for huge increase in DBT -Puja Mehra

-The Indian Express Benefits of Rs.33,000 crore will flow every year to the accounts of beneficiaries The Union Budget 2015-16 proposes a 10-fold scaling up of direct benefit transfers (DBT) during the next financial year as a key expenditure control measure. The move is expected to lead to accurate targeting of beneficiaries, de-duplication, reduction of Fraud and elimination of waste and leakage in public programmes and schemes. The total number of beneficiaries under 35...

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