THE Reserve Bank of India (RBI) has decided to accept NREGS job cards or Aadhar letter as official documents for opening accounts in rural cooperative banks for persons covered under the scheme. This will enable the job card holders or the workers to keep their money is safe custody. An RBI communique to the state and district cooperative banks has said that the accounts can be opened with certain conditions attached as...
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Satyam auditing not the only slip-up in India, admits Price Waterhouse India by John Samuel Raja & Sangita Mehta
Five audit firms of Price Waterhouse India have admitted to the US markets regulator, the Securities and Exchange Commission (SEC), that deficiencies in their auditing process were not restricted to Satyam Computer , but extended to other companies audited by them in India as well. This disclosure by PW India is in two documents released by the SEC on April 5 while concluding its findings on the Satyam accounting fraud case....
More »Anna Hazare, others declare assets
Social activist Anna Hazare has cash assets worth Rs.68,688.36. He owns 0.07 hectares of family land in Ralegan Siddhi which is being used by his family. Two other pieces of land donated to him by the Army and by a villager have been donated by him for village use. This is all that Mr. Hazare, who lives in a temple in Ralegan Siddhi, a model village, owns. Sent to chairman The assets of...
More »Deconstructing the Anna Hazare campaign by Vidya Subrahmaniam
Anna Hazare succeeded because he tapped into a deeply felt anger against corruption and systemic gang-up. But the campaign must define itself ideologically or risk appropriation by right-wing usurpers. A future historian attempting to document the Anna Hazare fast at the Capital's Jantar Mantar will likely confront contrasting images: of multitudes enthused and galvanised by one elder citizen's crusading zeal, of Mr. Hazare's almost single-handed ability, within days, to bring the...
More »Not a very civil coup by Mihir S Sharma
Bang on schedule, a few hours before the Chennai Super Kings took on the Kolkata Knight Riders, word leaked out that the UPA would give in to Anna Hazare. Hordes, by which I mean dozens, celebrated at India Gate, by which I mean that they held ice cream in one hand and candles in the other. The Leaders of the Revolution — Hazare, Baba Ramdev and Anupam Kher — could...
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