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Funding at a snail's pace-Himanshu Upadhyaya

-India Together All the increased budgets for education in the country may not amount to much, if the States don't move the money fast enough to the intended uses, which is not happening now. Himanshu Upadhyaya reports.  The Comptroller and Auditor General's recent performance review of elementary education in Tripura has once again brought to our attention prolonged delays in release of funds meant for schools. The performance review, of accounts spanning...

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Developing a land acquisition policy for India-Dilip Mookherjee and Maitreesh Ghatak

-Live Mint The current policy on compensating landowners could adversely affect character of India’s future growth The Parliament is currently considering a land acquisition, rehabilitation and resettlement Bill (LARR Bill), as are various state legislatures. These are likely to affect the pace and character of future growth in India in a significant way.  Setting up new industries, service establishments and real estate development will inevitably require land to be acquired from rural areas....

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AP issues new guidelines for sand mining in tribal areas -V Rishi Kumar

-The Hindu Business Line Hyderabad, Aug. 24: The Andhra Pradesh Government has announced new guidelines for sand mining in Agency (tribal) areas of Khammam and Warangal to bring transparency and accountability. According to the guidelines issued by the Government, the Andhra Pradesh Mineral Development Corporation Ltd has initiated steps to start sand operations under the control of gram panchayats and tribal societies. This will be under the supervision of district collectors and...

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PSU Bank Employees Go On 2-Day Strike

-PTI Employees of public sector banks have gone on two-day nationwide strike today opposing banking sector reforms and outsourcing of non-core activities, affecting operations. Several private sector banks, foreign banks and ATMs, however, continued to operate normally. The strike call was given by the United Forum of Bank Unions (UFBU), an umbrella organisation of nine unions of employees and officers of PSU banks. They are protesting against banking sector reforms and unilateral implementation of...

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35 lakh e-ticket rail bookings failed in June-Manthan K Mehta

-The Times of India That Indian Railway Catering and Tourism Corporation (IRCTC)'s e-ticketing facility has not kept pace with the rise in demand is evident from the large number of failed transactions. Approximately 35 lakh transactions in June 2012 and almost 37 lakh attempts in May 2012 could not materialize due to the huge rush to book railway tickets online. To top it, there are several cases where a ticket is...

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