-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...
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Small industry needs a better policy deal -Pradeep S Mehta
-The Hindu Business Line A flexible approach to collateral will improve access to bank funding. Red tapism too is a perennial concern If the Make in India campaign has to be successful and help many in our country, we need to focus on enabling small units to function and contribute. A major problem small and medium units face is that of finance. Banks and financial institutions are always very wary of assisting them...
More »Evidence matters to policymaking -Howard White & Radhika Menon
-The Hindu The challenge for the Modi government is to evaluate what works in development programming before making large spending decisions Governments in India have always launched big-ticket social development programmes with ambitious goals. The Narendra Modi government is no exception. Swachh Bharat Abhiyan aims to make India open defecation-free by 2019. The Pradhan Mantri Jan Dhan Yojana's financial inclusion programme set a target of opening 10 crore bank accounts by January...
More »Rural reach -Amita Sharma
-Financial Chronicle From the inner recesses of Chattisgarh to the upper crevices of Sikkim, a look at how MGNREGA initiatives are changing lives The large blackboard outside the police station reads like a rate list. There are different monetary awards for Naxalites' surrender with different weaponry, the highest, Rs 4.5 lakh, for surrender with a light machine gun, Rs 3 lakh with an AK 47, and only Rs 30,000 with a 12...
More »Farmers’ Suicides and Fatal Politics -Vasanthi Srinivasan
-Kafila.org With depressing regularity, the newspapers have been reporting farmers' suicides in many states. Recently, P Sainath wrote on BBC that around 296,438 farmers have committed suicide since 1995. He also mentions that cash crop cultivators of cotton, sugar cane, vanilla, pepper, groundnut etc account for the bulk of those suicides. According to a PIL heard by the Supreme Court in December 2014, around 3146 farmers in Maharashtra have committed suicide...
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