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...
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Companies named by CAG set to face CBI heat by Shalini Singh
After Raja, Behura and Chandolia, the heat's now on the new 2G licencees which have benefited from the telecom scam. Fear stalks the telecom industry that the CBI may now zero in on promoters and senior executives of some companies. The CBI FIR of October 2009 says, "Certain officials of DoT entered into a criminal conspiracy with certain private persons/companies and misused their official position in grant of Unified Access Service...
More »Prime Minister and Sonia promise more MGNREGA reforms by K Balchand
Prime Minister Manmohan Singh and United Progressive Alliance chairperson Sonia Gandhi on Wednesday promised to usher in more reforms in the scheme under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) and increase the number of days of job guaranteed to Below the Poverty Line households. Speaking at a function here to mark the completion of the fifth year of the MGNREGA, Dr. Singh promised to reform the delivery mechanism...
More »No account auditing of Rs 1.08 lakh crore released under NREGA: Centre by Dhananjay Mahapatra
The Centre released Rs 1.08 lakh crore to states under the Mahatma Gandhi National Rural Employment Guarantee Scheme since February 2006 but did not carry out account auditing at any level, the government told the Supreme Court on Friday. This admission by the Union of India meant violation of the intent of Section 24 of the Act, which says, "The central government may, in consultation with the Comptroller and Auditor General...
More »Microcredit in Bangladesh 'helped 10 million'
Microcredit lifted 10 million Bangladeshis out of poverty between 1990 and 2008, according to a report. The work of Grameen Bank and others helped many families to raise their income above $1.25 a day, said the US-based Microcredit Summit Campaign. The study follows recent criticism of microfinance, which works by providing small loans to people to invest in generating their own incomes. Some experts argue the report may have missed the bigger picture. They...
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