-The Economic Times Ashok Gulati, chairman of the Commission for Agricultural Costs and Prices, warns that India will have a record food grain stock of 75 million tonnes by June when wheat procurement for the year would be over. A third of it would be stored in the open, and vulnerable to damage from rain, as covered storage capacity is only 50 million tonnes. If these stocks are not run down...
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MGNREGA expansion by May 8: Ramesh
-PTI Union Rural Development Minister Jairam Ramesh today said about Rs 1 "I am going to announce in Parliament on large scale expansion in the work schedule of MGNREGA by May 8. (Planning Commission member) Mihir Shah-headed expert committee recommendations are accepted (in this regard)," Ramesh said at a press conference here. "One of the important additions is Souchalaya (toilet system), in which Rs 1,200 crore could be allotted, he said and added...
More »Sharp rise in money locked in I-T cases-Santosh Tiwari
-The Business Standard 2011 saw jump in total disputed amount to Rs 4.37 lakh crore The quantity of money locked in income tax disputes has seen a sharp rise in 2011, with more aggression by the tax department. The disputed amount jumped from Rs 2,43,603 crore to Rs 4,36,741 crore between January and December 2011. The disclosure was made by the finance ministry in reply to a question in the Lok Sabha...
More »CAG rues huge central funds to local bodies-Devesh Kumar
A Comptroller and Auditor-General of India report has expressed dismay over the rising share of funds disbursed by various ministries to local bodies and NGOs in 2010-11. The CAG report on the accounts of the Union government was tabled in Parliament on Tuesday. "An analysis of plan expenditure revealed that 77% of the total plan expenditure was in the form of grants-in-aid payment,'' the report stated. "In five of the ten...
More »Rural Health Mission to be audited for utilization of funds-Vidya Krishnan
Audits will look into the money released to the states in the last seven years, says Ghulam Nabi Azad The health ministry will conduct annual audits of the National Rural Health Mission (NRHM) to detect irregularities in the utilization of funds. Health minister Ghulam Nabi Azad has written to the state governments seeking their cooperation on this. “We have decided to go for an audit of NRHM fund utilization across the states,”...
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