-The Telegraph The Centre has brought back quarterly monitoring of the performances of all ministries and projects after having let the practice lapse into half-yearly reviews about five years ago. Projects and ministries will be set targets and these will be reviewed at three levels — by the PMO, Planning Commission and administrative ministries — plan panel deputy chairman Montek Singh Ahluwalia said today. “We have set quarterly targets for all the ministries...
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Tax officials stumble upon a list of names from another Swiss bank; unlikely to ‘nab’ all account holders-Sugata Ghosh
-The Economic Times The last time the taxman went after those with Swiss bank accounts, many said they had no clue how their names cropped up; quite a few escaped saying that they were non-residents, some simply ignored the missives, and only a few broke down and confessed. And there were the hard nuts who, without losing their equanimity, thought through the situation, invited their accountants and lawyers over for dinner, and...
More »KV Thomas, Union Food and Consumer Affairs Minister interviewed by Rituraj Tiwari
-The Economic Times Union Food and Consumer Affairs Minister KV Thomas is worried about the climbing food inflation. But international demand-supply situation and rising crude prices make it tough to rein it in, says the minister in an interview with ET. Excerpts: There's a fear of below normal monsoon this year. But we have opened up our farm exports including key commodities like sugar, wheat and rice. We have ample stocks of foodgrain...
More »World braves one of the worst summers; May temperature second hottest since 1880
-The Economic Times It's not just India that is baking. Globally, this seems to be one of the worst summers in recorded history. The global average temperature for May was the second hottest ever since 1880 - the year records were first compiled -- US National Climatic Data Centre (NCDC) has said. Only 2010 witnessed a worse May. The NCDC said such a hot May was never recorded in the northern hemisphere. No...
More »Global partnership key to achieving Millennium Development Goals by 2015–UN report
-The United Nations With three important targets on poverty, slums and water having been met, a new United Nations report stresses the need for a true global partnership to achieve the remaining Millennium Development Goals (MDGs) by the 2015 deadline. The 2012 MDG Report offers “the most comprehensive picture yet” on global progress towards the Goals, Secretary-General Ban Ki-moon said as he launched the report at the high-level segment of the annual...
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