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Mining Bill lapses, sector avoids 'meltdown'

-The Business Standard The future of the Bill will be decided by the next government The United Progressive Alliance's (UPA) attempt to overhaul the 50-year legislation governing the corruption-ridden mining sector has fallen through with the new mining Bill lapsing. The Mines and Minerals Development and Regulation Bill had proposed sharing of miners' profits with the project-affected, among others, but with the Lok Sabha being dissolved, the Bill has lapsed. Many from the sector...

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PAC to finalize report on UPA’s debt waiver scheme today

-The Times of India NEW DELHI: The government has accepted before Parliament's Public Accounts Committee that the findings of the Comptroller and Auditor General on UPA's Rs 52,000 crore farm debt waiver scheme were correct. The auditor in its test check had discovered large-scale irregularities where undeserving farmers were given waiver benefit - at least one-third of the total disbursement were found questionable. On Thursday, the PAC will meet here to give...

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National rural jobs scheme loses steam in Karnataka, Rajasthan-Sanjeeb Mukherjee

-The Business Standard In 2009-10, number of days a household got employment in a year in rural areas of Rajasthan was about 38, which steadily dropped to 23 in 2012-13 Rajasthan and Karnataka, which used to be stand-out performers of the United Progressive Alliance (UPA)'s flagship scheme, the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS), of late, are showing signs of faltering in terms of execution, raising a question mark on...

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CAG picks holes in govt spending worth Rs 3 lakh crore -Pradeep Thakur

-The Times of India NEW DELHI: Raising doubts on the genuineness of the government's plan expenditure, the Comptroller and Auditor General (CAG) has written to the finance ministry saying its data provided on schemes worth over Rs 3 lakh crore for 2012-13 "points to serious deficiencies". The auditor said a detailed scrutiny had revealed that government in several cases was giving post-dated sanctions - in some instances sanctions were granted by the...

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CAG’s Taj e-way audit may indict 2 ex-CMs -Pradeep Thakur

-The Times of India NEW DELHI: The comptroller and auditor general (CAG) is finalizing a report on yet another instance of massive loss to the state exchequer because of favours shown to private parties by the political establishment. The CAG's audit report on the Taj Expressway project could also find place among India's biggest scams, with successive Uttar Pradesh governments being accused of causing loss of thousands of crores to the...

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