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Development minus green shoots-TR Shankar Raman and MD Madhusudan

-The Hindu By exempting some projects on forest land from gram sabha consent, the government has undermined the rights of local communities and their crucial role in protecting the environment In early February, the Ministry of Environment and Forests partially revoked a crucial order it had issued in August 2009, which made the consent of gram sabhas mandatory for projects seeking diversion of forest lands for non-forest purposes. Now, the ministry has...

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No Verification of BPL Cards for Flat Allotment in Haryana

-Outlook The Haryana government has decided to do away with the practice of verifying the Below Poverty Line cards for allotment of land or flats earmarked for Economically Weaker Sections in licenced colonies. Announcing this here today, a spokesman of the Haryana Town and Country Planning Department said after the draw of lots, successful candidates would be asked to furnish an affidavit stating that in case his or her name did not...

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Political donations to get transparent

-The Times of India MUMBAI: India Inc has had to wait for nearly three years for the government to roll out the rules relating to the functioning of electoral trusts. The rules have been recently notified and come into effect from January 31, 2013. The 2009 Budget had introduced provisions relating to electoral trusts in the Income-tax Act. It provided for tax exemption to electoral trusts which distribute contributions to political parties,...

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EPFO to include 'AAA' rated corporate bonds in portfolio-Raj Kumar Ray

-The Indian Express The Employees' Provident Fund Organisation is set to widen its investment horizon by including 'AAA' rated corporate bonds of any private company in its portfolio following a clean chit from Crisil, a move that can open up a window for blue-chip corporates to raise about Rs 35,000 crore through long-term debt papers annually. Crisil, which was appointed by EPFO to advice on investment portfolio, has said that none of...

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Cash transfer fraud: who will bear responsibility?-Remya Nair & Surabhi Agarwal

-Live Mint Ministry wants UIDAI to be held liable for fake transactions, but the latter says that’s outside its mandate The transformation of India’s subsidy system to one in which cash is paid directly to the intended beneficiary is faced with a situation in which none of the various government agencies involved is willing to assume responsibility in cases of fraud, according to two people familiar with the development. The programme, the pilot...

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