Eleven months after B. Ramalinga Raju, the former chairman of Hyderabad-based Satyam Computer Services, confessed to masterminding a $1.2 billion fraud at Indias fourth largest I.T. outsourcing company, the dirt is still tumbling out. On Nov. 24, the country's Central Bureau of Investigation (CBI) released findings that show the alleged fraudulent accounting and embezzlement was far larger than originally thought. Raju and nine accomplices skimmed some $2.5 billion from the...
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India Focuses on Education and Health by Heather Timmons
Prime Minister Manmohan Singh pledged Sunday to spend more on health care and education and make it easier for foreign investors to participate in India’s $1.2 trillion economy, one of the fastest growing in the world. At a World Economic Forum meeting in New Delhi, Mr. Singh said that public sector spending on health care would more than double to 2.5 percent of gross domestic product, and education spending would...
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The recession is a promising moment to expand NREGA with greater emphasis on building social capital in a big way. Soon after assuming office, the first UPA government took an impressive step for the alleviation of rural poverty by launching the National Rural Employment Guarantee Scheme. It was, indeed, a wise move to insulate the programme from the vicissitudes of electoral politics by enacting the National Rural Employment Guarantee Act...
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KEY TRENDS • A total of 7.55 lakh (755,247) RTI applications were received by the reporting public authorities in 2014-15. This is about 79,000 fewer RTI applications received in 2013-14. The CIC report notes this decline in the number of RTIs received. However almost 90,000 RTI applications were pending decision at the start of the reporting year of 2014-15 *@ • Around 67 percent of men and 54 percent of women interviewed...
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