-PTI PATNA: CAG has ticked off Nitish Kumar government for lacking objective planning for utilisation of funds drawn on Abstract Contingency(AC) bills. The Bihar government had withdrawn Rs 16,033.01 crore on AC bills between 2009-12 of which the plan head drawals accounted for Rs 12,332.64 crore which indicated that object level planning was absent as items of expenditure were known while drawing the amount, CAG said in its report on state Finances...
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Power of RTI-Ashutosh Shukla
-DNA Dharmenddra Pawar, 35, could regain his mental balance only after he saw his answer paper procured through an RTI. For, only then he saw the examiners' apathy and not the failure of his hard work that led to absolute distress and him repeating the year. "I could not understand that in the first attempt I scored 27 marks and 0 in the second when I had put in more effort," said...
More »No tax relief for SEZs, rules Chidambaram -Sidhartha
-The Times of India In a major setback to special economic zone (SEZ) developers, Finance minister P Chidambaram has turned down the commerce department's plea to cut the minimum alternate tax (MAT), which was imposed two years ago. A lower or no tax burden was cited as one of the main drivers for boosting investment in what were until recently duty-free enclaves. The commerce department had made a case for reversing Chidambaram's...
More »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...
More »Jairam wants financial institution for self-help groups-Priscilla Jebaraj
-The Hindu "If we are going to be serious about supporting women's SHGs, then we need a development Finance institution" Finance Minister P. Chidambaram's proposal to establish a bank exclusively for women - which he described as the highlight of this year's budget - may have garnered applause from across party lines in Parliament and could be set up as early as October; but that hasn't stopped his Cabinet colleague and Rural...
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