-The Times of India Almost five years after the UPA government allocated the lion's share of its Rs 52,000 crore farm loan waiver scheme to Andhra Pradesh, reports are emerging from the state that distressed farmers are selling their organs to come out of the agricultural debt trap. Three states - Andhra Pradesh, UP and Maharashtra - had got almost 57% of the Rs 52,000 crore package meant for all 35 states...
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Sloppy loan waiver edges out deserving farmers: CAG-Gargi Parsai
-The Hindu Evidence of tampering with, overwriting & alteration of records The Comptroller and Auditor General (CAG), in a report tabled in Parliament on Tuesday, pointed out that several ineligible farmers were favoured and a large number of deserving small and marginal farmers left out in implementation of the United Progressive Alliance’s much-touted Rs. 52,000-crore farm loan waiver scheme. The scheme, meant to help indebted farmers in districts where suicides occur, was so...
More »CAG smells a rat in UPA's Rs 72k-cr farm debt relief scheme
-The Business Standard Report says ineligible farmers given benefits In a fresh blow to the United Progressive Alliance (UPA), the Comptroller and Auditor General of India has rapped the finance ministry over allegedly serious lapses in implementation of the Rs 71,680-crore agricultural debt waiver and debt relief scheme — a major plank on which the coalition had contested the 2009 general elections. A report tabled in Parliament today showed CAG, after auditing 22.32...
More »Eligible farmers left out of loan waiver plan: CAG
-The Hindustan Times The CAG has found several shortcomings in the implementation of the first UPA government’s Rs. 52,500-crore farm loan waiver scheme — while thousands of ineligible farmers got the benefit, many eligible applicants were left out. The CAG report, tabled in Parliament on Tuesday, disclosed that it had audited 80,299 beneficiaries across 25 states, which was less than 1% of the total 34.5 million recipients. The scheme had two components —...
More »Budget 2013: Super rich to pay more but no changes in income tax rates or slabs
-CNN-IBN Finance Minister P Chidambaram plans to get more income for the government by taxing the super-rich and the corporate sector even though he left untouched income tax rates and slabs. Chidamabaram allowed some relief for those who earn between Rs 2-5 lakh per year by announcing that they would be granted a tax credit of Rs 2000 and left most of the items untouched by not tinkering too much with...
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