-Economic and Political Weekly Direct benefi t transfers in the form of cash cannot replace the supply of food through the public distribution system. Though it is claimed otherwise, DBT does not address the problems of identifying the poor ("targeting") and DBT in place of the PDS will expose the vulnerable to additional price fluctuation. Further, if the PDS is dismantled, there will also be no need or incentive for procurement...

-The Indian Express From Greenpeace to a Danish government wing to church-backed NGOs, the government has put 14 foreign donors in the “prior approval” category; any transaction they make through Indian banks will need Home Ministry clearance. Among the allegations against them is that they were funding anti-India activities and clandestinely routing money to Greenpeace India. DENMARK DANIDA: Danish International Development Agency, the humanitarian aid wing of Denmark’s foreign ministry. Dan Church Aid: Funded...

-The Financial Express A forensic report prepared for the Serious Fraud Investigation Office (SFIO) shows over a third of India's top 500 companies, including those in the top 100, are "managing" their accounts. It finds that companies where promoters hold more than 50% of total shareholding are more likely to take such steps to impress markets with their performance. Both domestic companies and subsidiaries of multinationals listed in India show similar trends...

-The Hindu Business Line This is result of lacklustre credit growth to India Inc and tough priority sector lending norms Credit growth in the banking system continues to languish below the 10 per cent mark, far lower than the 14 per cent seen a year back. But there is one segment that has managed to grow faster than last year - loans to the agriculture sector. These grew 16.5 per cent in...

-Hindustan Times New Delhi: The BJP-led NDA government showed great speed in promulgating an ordinance to push through the land acquisition act, but an investigation by HT reveals that thousands of hectares of land acquired by the government is lying unused in several states. Madhya Pradesh, Maharashtra and Uttar Pradesh top the list of states where land acquired even decades ago has not been industrialised. In the past 50 years, for instance, the...