Indian federal investigators have announced an inquiry into 21 companies in connection with a banking loans scandal. Eight bankers have already been arrested this week, including senior executives of top state Banks, accused of taking bribes to sign off loans. The Bombay Stock Exchange fell by 1% as a result of the inquiry, analysts said. The investigation is the latest in a series of corruption scandals to hit the country. Those arrested on Wednesday...
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Govt schemes for farmers
A target to distribute 1,00,848 quintals of seed has been fixed for the rabi crop in 2010-11, district magistrate Sanjay Prasad said. The target for urea has been fixed to 95,000 metric tonnes while the availability is 32,977 metric tonnes. Similarly, target for DAP is 33,000 metric tonnes while availability is 32,088 metric tonnes. He informed that awareness is being created regarding use of zinc sulphate for the wheat crop....
More »India Provides Employment to 18 Million Households Under MGNREGS in 2010 by Jatinder Kaur
India has provided employment to 1.79 crore households under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) in 2010. Information and confirmation to this effect was made by Indian Minister of State for Rural Development Pradeep Jain said in a written reply to a question in Rajya Sabha on Tuesday that As of 30th June, a total of 179,43,189 families in the country have been provided employment under MGNREGS. According to...
More »Aadhaar will plug leakages in welfare delivery mechanism by Surabhi Agarwal
Maharashtra weeded out 2.9 million bogus ration cards last year, launching an identity verification drive to make the system foolproof. Residents had to provide electoral roll numbers, electricity bills and rent receipts to receive a ration card. Migrants had to present an official document confirming their change in residence. That led to the exclusion of many poor, homeless and migrant families as they lacked the necessary papers. This is the kind...
More »Bribe scam unearthed; top LIC, bank officials held by Vinaya Deshpande
The Economic Offences Wing of the Central Bureau of Investigation has unearthed a multimillion-rupee bribery scam and arrested top officials of public sector Banks and financial institutions, including the Chief Executive Officer of the Life Insurance Corporation Housing Finance Limited. On Tuesday, the CBI conducted raids in Mumbai, Delhi, Chennai, Jaipur, Kolkata and Jalandhar and seized some documents. “Five separate cases have been registered,” Joint Director P. Kandaswamy told a press...
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