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And now, a PDS jute bag scam -Devesh K Pandey

-The Hindu Government sources told The Hindu that at PDS packaging centres, new unbranded bags were being replaced with used ones. Jute bags meant for packaging of foodgrains under the Public Distribution System (PDS) allegedly provided their manufacturers — in league with some officials of procuring State government agencies, quality insurance inspectors and middlemen — an opportunity to siphon off thousands of crores in government revenue. So serious is the scam that the...

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How Bihar has fared under Nitish Kumar -Manas Chakravarty

-Livemint.com Bihar’s development record under the Nitish Kumar government has been commendable Elections are decided by many factors. But the Bihar elections are being portrayed as a choice between voting for development or caste. We take a look at Bihar’s development record under Nitish Kumar. Chart 1: It has often been said that Bihar’s gross domestic product (GDP) growth is high in percentage terms because of its low base. It’s better, therefore,...

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India emerges top importer of used clothes -Namrata Acharya

-Business Standard Garment industry apprehends the govt to issue close to 200 new licenecs for import of wearable used clothes Kolkata: Even as premium global fashion brands see India as a potential market, another segment in the Indian retail chain is attracting global attention: The country has emerged as the biggest importer of worn clothing and textiles. UN Comtrade data on global trade of worn clothes and textiles show in 2013, such imports...

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Banks killed road sector: official -TCA Sharad Raghavan

-The Hindu Bubble createdby them resulted in high NPAs Banks caused a bubble, failed to do due diligence and lent more than what was warranted to developers, and this has led to the high Non-Performing Assets (NPA) arising out of the road sector, Road Secretary Vijay Chhibber told The Hindu in an exclusive interview on Wednesday. “The banks have killed the road sector,” he said. “There was a bubble because the banks would...

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