-PTI Amid controversy over reports that Walmart spent nearly Rs. 125 crore for lobbying with legislators to get access to the Indian market, the U.S. has said the global retail giant did not violate any American law as far as the matter is concerned. “On the U.S. side, I don’t have any reason to believe that we have a violation of U.S. law here. With regard to the Indian side, I’ll refer...
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Govt tracking spending of HNIs, babus, netas -Pradeep Thakur
-The Times of India The income tax department's '360 degree profiling' had resulted in former corporate lobbyist Niira Radia's contacts with several bigwigs coming to light. She may have fallen off the radar but the government plans to strengthen the mechanism with finance minister P Chidambaram initiating a pilot project with the FIU (Financial Intelligence Unit) to integrate data on all suspicious transactions with the '360 degree' database. Financial transactions of hundreds...
More »Core committees notified for implementation of direct cash transfers
-Rediff.com In a move that shows the urgency and seriousness with which the UPA 2 is planning the execution of first phase of direct cash transfer scheme before the January 1, 2013, deadline it has set for itself, the Union government has notified formation of two core committees -- called Mission Mode Committees -- tasked with rollout of the scheme. One can imagine the urgency and importance accorded to the direct...
More »Milk, eggs to be on menu for anganwadi children
-The Hindu Bangalore: The State government has prepared a plan to provide milk and eggs to children in all 65,000 anganwadi centres in the State. Chief Minister Jagadish Shettar, who holds the Finance portfolio, is expected to clear the proposal soon, Minister for Women and Child Development Kalakappa G. Bandi told presspersons here on Monday. Currently, the department is providing six lakh malnourished children with milk and eggs. The Minister said the department’s...
More »Officials who fail to take decisions on spending Plan funds should be penalised
-The Economic Times The trend in Plan spending so far is disheartening. Actual expenditure during the first five months of the current fiscal year amounted to about 28% of the budgeted spending of Rs 5,21,025 crore for this fiscal - the lowest proportion recorded over the last five years. Ministries and departments are said to be willing to surrender unspent money, rather than take decisions that they fear could be questioned by...
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