List silent on Charge Sheet against CVC Thomas in palmolein case The Centre has informed the Supreme Court that sanction for prosecution is awaited in 126 cases registered under the Prevention of Corruption Act against various public servants including Justice Nirmal Yadav of the Uttarakhand High Court, who has been given a clean chit in the Rs.15-lakh cash-at-door scam during her tenure as judge of the Punjab and Haryana High Court. On...
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Cut-Rate Democracy by Pranjoy Guha Thakurta
Two years ago, when I told some of my more cynical fellow-tribals from the journalistic fraternity that I was about to complete a textbook on media ethics, they smirked. Media ethics? That’s an oxymoron, a contradiction in terms, they said glibly. What became apparent to me then was that the image of the journalist in India has taken quite a battering. There are many among the aam admi who still...
More »Banks may find it tough to ensure microfinance companies don’t charge high rates
Banks will have to put in place a mechanism to verify that microfinance institutes (MFI) they finance do not charge exorbitant rates to the final borrowers. The finance ministry has asked banks to ensure that MFIs, whom banks are financing, do not lend at rates more than 24% — all inclusive rates — to the ultimate borrowers. Some banks have recently inserted a clause while lending to MFIs that they...
More »19 of 44 accused in PDS scam arrested so far, says SIC
Altogether 19 of the 44 accused in the multi-crore public distribution system (PDS) scam in Arunachal Pradesh have been arrested so far, head of the Special Investigating Cell (SIC) investigating the scam M S Chauhan said here today. Altogether 19 accused including former chief minister Gegong Apang have been arrested but 18 of them have been granted bail by the Yupia fast track court while the bail plea of Apang...
More »Gegong Apang arrested in Rs. 1,000-crore PDS scam
Former Arunachal Pradesh Chief Minister and senior Congress leader Gegong Apang was on Tuesday arrested by sleuths of a Special Investigation Cell (SIC) probing the Rs. 1000-crore scam in Public Distribution System (PDS) in Arunachal Pradesh. Mr. Apang was arrested outside the SIC office and later produced before a court of Special Judge at Lakhimpur in Assam. The court remanded him to seven days in police custody. Mr. Apang has been booked under...
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