Five audit firms of Price Waterhouse India have admitted to the US markets regulator, the Securities and Exchange Commission (SEC), that deficiencies in their auditing process were not restricted to Satyam Computer , but extended to other companies audited by them in India as well. This disclosure by PW India is in two documents released by the SEC on April 5 while concluding its findings on the Satyam accounting fraud case....
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Everybody loves to fight poverty by Puja Mehra
It is not often that a social security programme the size of Mahatma Gandhi NREGS - New Delhi has spent Rs 40,000 crore on it in 2010/11 alone - faces an existential moment. But, April 2011 will present one such crossroad: the end of the term of a bureaucrat widely acknowledged as the prime mover behind the five-year old scheme. Brought in six years ago to the Centre from her parent...
More »Mixed report card on NREGS by Alok Ray
The scheme has reduced rural migration and promoted financial inclusion, but needs to create more durable assets. The Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) – the only government social welfare scheme named after the other Gandhi, not belonging to Nehru-Gandhi family – has recently completed five years. The performance of the scheme, considered a major pillar of UPA government's strategy of inclusive growth, has been a matter of debate. The...
More »Status of Muslims in West Bengal by Maidul Islam & Subhashini Ali
Misleading data cited in a seminar paper on the situation of the minority community in the State tend to detract from the Left Front government's exceptional record on this count. Abusaleh Shariff, the Chief Economist of the National Council of Applied Economic Research, who was the Member-Secretary of the Sachar Committee, presented a paper on the socio-economic development of Muslims in West Bengal, at a seminar organised by the Institute of...
More »MP government deposits procurement money in farmers' bank accounts by Mahim Pratap Singh
Over Rs.1,000 crore deposited Procurement process being monitored For the first time in India, the Madhya Pradesh government has directly deposited over Rs. 1,000 crore in the bank accounts of farmers against procurement of wheat in the last 25 days. This amount includes a bonus paid at the rate of Rs.100 per quintal. The direct deposit process aims at saving farmers from the clutches of middlemen and will be continued in the coming...
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