-The Economic Times The Centre plans to make bank creditaccess easier for rural population, especially in states were poverty is high. In Uttar Pradesh, Madhya Pradesh, Rajasthan, Bihar, Jharkhand, Chhattisgarh, Maharashtra and Gujarat, the gap between credit available to self help groups and the demand for credit is stark. At present, 80 per cent of all bank support to SHGs is in Andhra Pradesh, Tamil Nadu, Karnataka and Kerala. In Uttar Pradesh, Madhya...
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Don’t undermine the auditor -Era Sezhiyan
-The Hindu When the draft provisions relating to the Comptroller and Auditor General were under consideration in the Constituent Assembly, Dr. B.R Ambedkar, Chairman of the Drafting Committee, said: “I am of the opinion that this dignitary or officer is probably the most important officer in the Constitution of India. He is the one man who is going to see that the expenses voted by Parliament are not exceeded, or varied from what has been...
More »AIDWA concerned over dismantling of GoM on ‘honour’ killing
-The Hindu The All-India Democratic Women’s Association (AIDWA) on Monday expressed concern over dismantling of the Group of Ministers (GoM) set up in mid-2010 to examine the issue of crimes and killings in the name of “honour”. “Commitment” AIDWA president Shyamali Gupta said: “This GoM was constituted under the chairmanship of former Union Finance Minister [and President] Pranab Mukherjee to suggest legal and other measures for dealing with these crimes and killing. The...
More »Black money: Lack of inputs hurdle for top eco intel agency
-The Indian Express A year after it was mandated to create a database of financial crimes and issue alerts to enforcement agencies about black money, the country's top economic intelligence organisation CEIB is groping in the dark for want of good snoop information. Top sources in the Finance Ministry said the CEIB, in the last six months, has sent a number of reminders to agencies like the I-T department, ED, IB, CBI,...
More »Natural resources: A blessing or a curse for nations?-Joseph E Stiglitz
-The Economic Times New discoveries of natural resources in several African countries - including Ghana, Uganda, Tanzania, and Mozambique - raise an important question: will these windfalls be a blessing that brings prosperity and hope, or a political and economic curse, as has been the case in so many countries? On average, resource-rich countries have done even more poorly than countries without resources. They have grown more slowly, and with greater inequality...
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