In view of prevailing cold wave conditions in the state Chief Minister Mayawati has sanctioned Rs 3.12 crore for providing temporary shelter,food, clothes and medical facilities to the poor. The money would be used to provide bonfires, blankets and medical help to the destitutes and the homeless poor people, Government spokesman said here on Thursday. He said state government has provided Rs 1 lakh to each of the 312 tehsils of the...
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NABARD to stream micro credit through grass root groups
The National Bank for Agriculture and Rurual Development (NABARD) will pay greater focus on financing through 'Joint Liability Groups' (JLs) in Kerala as it is found more effective way of priority sector lending. JLs are informal groups of even 4-10 individuals joining together for the purpose of availing bank loans through group mechanisms against mutual guarantee. According to NABARD's State Credit Plan 2011-12, financial inclusion through JLGs would be deepened in partnerships...
More »Dealing with the 2G spectrum scam by Anil Divan
The CBI's record in the Jain hawala case was disappointing. But there are powerful elements in favour of unravelling the truth in the 2G scam. On December 16, 2010, the Supreme Court (Justices G.S. Singhvi and Asok Kumar Ganguly, ) ordered a comprehensive and thorough investigation by the Central Bureau of Investigation and the Enforcement Directorate into what has become notorious as “the 2G scam.” The investigation, into spectrum allocation from...
More »'Scam' in loans to Lavasa, Adani
Over a month after the CBI cracked down on the alleged multi-crore kickbacks-for-loans scam, investigators are believed to have found irregularities in the loan files of at least eight companies, including Lavasa, DB Realty, Mantri Realty and Adani Group. In November, the CBI had arrested three members of Mumbai-based financial service company Money Matters and four others for their involvement in the alleged loan scam. The CBI, after going through loan...
More »Legal settlements hit record in Tamil Nadu by A Subramani
At a time when ordinary money suits and cheque bounce cases are taking years for settlement, lok adalats in Tamil Nadu have set a new record this year by quietly disposing of more than 33,000 cases involving Rs 247 crore upto October 2010. The Tamil Nadu State Legal Services Authority (TNSLSA), headed by its Executive chairman justice Elipe Dharma Rao, conducted a total of 4,579 lok adalats and heard more than...
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