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Irregularities in implementation of national rural employment scheme: CAG audit report -Swati Mathur

-The Times of India LUCKNOW: The Comptroller and Auditor General of India tabled the second performance audit of the Mahatma Gandhi National Rural Employment Guarantee Act in Parliament on Tuesday. The first performance audit was undertaken in 2007-08. The period of coverage of the first audit was February 2006 to March 2007. The present performance audit of the implementation of MGNREGA was taken up in response to a request from the ministry...

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Bengal’s Bonzi shell cracks up -Sambit Saha

-The Telegraph The "Bonzi" edifice, Bengal's version of the fraudulent Ponzi scheme that conned US investors a century ago, is shaking at its foundations. The panic set off by Saradha defaulting on payments has spread to similar schemes run by other firms and triggered protests and attacks on company offices in several parts of the state. These schemes' mostly small-time rural investors have begun to panic about the safety of their hard-earned...

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In teary spectacle on TV, the crisis of Bengal's 'chit fund media' -Subrata Nagchoudhury

-The Indian Express On Monday, the Bengali new year's day, viewers who tuned into Bengali music channel Tara Muzik witnessed a spectacle never seen before on Indian TV. Anchors of the channel and independent artistes called in to present Barsha Baran, a programme to celebrate the new year 1420, wept copiously on camera while announcing that the channel, facing an unprecedented "crisis of survival", was shutting down. Hundreds of viewers commiserated with...

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No meeting ground -TK Rajalakshmi

-Frontline The Land Acquisition Bill runs into a roadblock as political parties fail to reach an agreement on the substantive features of the draft Bill or on the amendments proposed. The efforts of the United Progressive Alliance government to broker a consensus on the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Bill, 2012, which has been pending for over a year, have not paid off not because...

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Turf tiff over Nirbhaya fund -Ananya Sengupta

-The Telegraph Ministries are in the dark over control of the Rs 1,000-crore "Nirbhaya Fund", announced in last month's budget and named in the Delhi gang rape victim's memory, despite government declarations of urgency in dealing with women's safety issues. While some ministers believe the home ministry will be the nodal agency to handle the funds, others reckon that the finance ministry will take the reins and disburse the cash to ministries...

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