Led by C. Rangarajan, it has been appointed by Manmohan In a significant move, Prime Minister Manmohan Singh has formed an experts group chaired by the chief of Prime Minister's Economic Advisory Council, C. Rangarajan, to examine the recommendations of the Sonia Gandhi-headed National Advisory Council on the proposed food security Bill. The move surprised members of the council who met here on Friday to discuss the draft of the National Food...
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Court quashes allotment of land on lease by GIDC
The Bombay High Court at Goa on Friday quashed the allotment of land on lease by the State-owned industry promotion body to the promoters of seven Special Economic Zone(SEZ) projects upholding the State Government's power to scrap the SEZ policy and the projects in public interest. A Bench comprising Justice A. S. Oka and Justice F. M. Reis, inter alia ruled that that there was lack of fairness and transparency in...
More »Oh what a lovely blackout by Sevanti Ninan
The great media blackout on the Radia tapes is finally ending. Maybe editors and others who said that they could not use the tapes or transcripts for lack of authentication are waking up to the the fact that there have been no statements of denial from the principals, except for Barkha Dutt saying the conversation was misrepresented. She does not say it did not take place. Neera Radia has now...
More »New loan sharks by S Nagesh Kumar
The rural poor in Andhra Pradesh, a State showcased as a model for SHG-bank linkage, are caught in the vortex of microfinance. WITHIN a decade of their coming into operation, microfinance institutions (MFIs) have dealt a serious blow to the economy and the well-being of thousands of families in rural Andhra Pradesh. Harassment by their collection agents has allegedly driven at least 60 borrowers to death, and the number is...
More »PM hints CAG be permitted to go into PPP accounts
Indicating the official auditor CAG be permitted to look into the books of public-private partnership (PPP) projects, Prime Minister Manmohan Singh today underscored the need to ensure transparency in these infrastructure schemes. "CAG will play a leading role in ensuring that these new initiatives (PPP) deliver as intended," the Prime Minister said at a function to mark the 150 years of Comptroller and Auditor General of India. "There is a need to...
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