The audited balance sheets of the six largest political parties in India are hard to get and harder to decipher: they hide more than they reveal but are nonetheless worth close examination. Between them, the Congress, BJP, BSP, SP, NCP and CPM reported total income of Rs 1,046.76 crore for the year ending March 31, 2009. That was the year in which most of the funds for the 2009 Lok...
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Licence to loot by Ravi Sharma
A host of steel-manufacturing units are keen to set up plants in Karnataka, and all want captive mines. SOUTH KOREA'S Posco is not the only steel-maker keen to do business in Karnataka. The State's estimated 9,000 million tonnes of good-quality iron ore reserves, which is the second largest in India, the State government's assurances on a smooth land acquisition process, the availability of water and the promise of speedy regulatory clearances...
More »The property of black money
-The Hindu Since the time of Dadabhai Naoroji, Indians have always been captivated by the idea that our national wealth is slowly being drained abroad. That is why the Supreme Court's decision to set up a Special Investigation Team to ensure the return of money stashed abroad will be widely welcomed. What happens to the ill-gotten gains stashed at home, however, is anybody's guess. Black money is generated by the...
More »Sonia-ratified food security bill on govt's court by Nitin Sethi
Congress President Sonia Gandhi has formally sent the proposed National Food Security bill to the government on behalf of theNational Advisory Council (NAC) that she chairs. Setting all doubts at rest about where she stands, the bill explicitly seeks that the subsidized rations be provided to at least 90% of rural population, and 50% of urban India. It urges the government to ensure that at least 46% and 28% of...
More »UIDAI proposes directCash transfer of subsidies by Sujay Mehdudia
In a move that could revolutionise the subsidy payment mechanism for LPG cylinder and kerosene oil to the beneficiaries, especially the poor, and change the fertilizer subsidy payment mechanism for the farmers, the Unique Identification Authority of India (UIDAI) has suggested direct Cash transfer through banks and ATMs to the targeted groups to ‘plug leakages' in the implementation of these schemes. The move is also likely to revamp the working of...
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