-PTI Financial performance of the states with relation to indicators of debt servicing such as debt as a proportion to revenue receipts and gross state domestic product (GSDP) has improved between 2009-10 and 2011-12, says an Icra report. While states like Kerala, Gujarat, Punjab, Rajasthan and West Bengal remain relatively more indebted, Karnataka, Odisha and Chhattisgarh have displayed a superior performance in 2011-12 in terms of their debt relative to revenue receipts. Chhattisgarh,...

-Live Mint The project is part of the country’s ambitious cash-transfer plan for selected welfare programmes Bangalore: Karnataka will start transferring cash directly to the bank accounts of the beneficiaries of India’s rural job guarantee scheme on a pilot basis in seven districts later this year, the state government said. This is part of the country’s ambitious cash-transfer plan for selected welfare programmes that the central government wants to eventually adopt across the...

-PTI In a stern warning to those not paying taxes, the income tax department on Monday said it is sending letters to 35,170 PAN (permanent account number) holders in the first phase for not filing returns and will take appropriate follow up action. There are over 12 lakh PAN holders who had not filed income tax returns, the department said, adding it has set up a nodal cell to monitor such cases. "In...

-The Times of India LUCKNOW: The 'schemes of the rural development department, riding on crores, will go for a proper audit now. The government is willing to bring the schemes under the lens, and if the need be, to also write to the centre to let the social audit directorate set up for monitoring the implementation of MGNREGA, expand its role in assessing the performance of schemes like IAY and PMGSY...

-The Times of India The Supreme Court on Friday accused the government of trying to frustrate the functioning of courts and quasi-judicial bodies by not providing them any facilities as they found these bodies upsetting their decisions. A bench of Justices G S Singhvi and S J Mukhopadhaya made this scathing observation as the Union government failed to live up to its repeated commitment to bring in uniformity in service conditions and...