The Bombay High Court on Tuesday stayed Environment Ministry's direction to Lavasa Corporation to stop construction. However, Lavasa Corporation voluntarily agreed not to carry out any work till December 14. On November 25, MOEF issued a show-cause notice to Lavasa, demanding an explanation as to why it did not obtain clearances as per rules under Environment Protection Act, amended by notifications in 1994 and 2004. MOEF also asked the corporation,...
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Increasing cases of irregularities in MGNREGS
The Ministry received 153 complaints of irregularities in the implementation of MGNREGA up to 2007-08; 645 complaints in 2008-09; 528 complaints in 2009-10 and 272 complaints in 2010-11 so far. With a view to make the scheme more accountable, the following steps have been taken by the Ministry:(i) States have been asked to deploy adequate number of dedicated staff with the implementing authorities. Administrative expenses, out of which salary of such...
More »Panel proposes UID-linked direct subsidy by Utpal Bhaskar
The government is planning a complete overhaul of the way the power sector is financed and subsidies are delivered, attempting to address a funding shortfall delaying the construction of electricity projects and worsening a chronic power deficit that threatens to sap growth in India’s energy-hungry economy.This exercise is based on a report submitted by a panel headed by Montek Singh Ahluwalia, deputy chairman of the Planning Commission, to the power...
More »CAG slams 25 top Delhi's private schools by Akshaya Mukul
Delhi's private schools had complained that they were reeling under the burden of having to pay teachers higher salaries recommended by the 6th Pay Commission. A report by the Comptroller and Auditor General (CAG), however, said they used the Pay Commission as an alibi to fatten themselves. In a damning indictment, the auditor held that 25 elite private schools passed on the burden of implementing the recommendations of the 6th Pay...
More »Government asks Banks to submit MFI loan, NPA data by Manojit Saha
Two months after the crisis in the microfinance industry broke out, resulting in the possibility of bank loans to the sector becoming non-performing, the government now wants to do a reality check. Last evening, the finance ministry dashed off a letter to public sector Banks, Small Industries Development Bank of India and National Bank for Agriculture and Rural Development, asking them to furnish data on how much exposure they have to...
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