The Union government’s plan to recapitalize 40 of the 82 regional rural banks (RRBs) is at risk as some of the state governments are either delaying or refusing to pay their share of Money. Due to this, the government has only been able to recapitalize around 12 RRBs, with the stakeholders collectively infusing Rs. 300 crore. The cabinet had approved the Rs. 2,200 crore recapitalization plan of 40 RRBs in February,...
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Essar General Manager arrested in ‘Maoist protection Money' scandal by Aman Sethi
The Dantewada police have arrested Essar group's General Manager for Kirandul, D.V.C.S. Verma, as part of an ongoing investigation into allegations of the company routinely paying the banned Communist Party of India (Maoist) significant sums of Money to operate in rebel-controlled territory. This is the first time that an individual, directly employed by Essar, has been arrested in this connection. The group has denied allegations that it paid protection Money to...
More »Decadal journeys: debt and despair spur urban growth by P Sainath
The re-classification of villages and towns, and the changes this brings to the nation's rural-urban profile, happens every decade. Yet only Census 2011 shows us a huge turnaround, with urban India adding more people (91 million) than rural India (90.6 million) for the first time in 90 years. Clearly, something huge has happened in the last 10 years that drives those numbers. And that is: huge, uncharted migrations of people...
More »Mining scam petition in SC by Samanwaya Routray
A petition has been filed in the Supreme Court against the June 26, 2010, Orissa High Court decision to refrain from acting on a PIL drawing attention to the multi-crore coal mining scam in the state. The PIL, filed by Cuttack-based lawyer and activist Nishikanta Mishra, had demanded a probe by an independent agency, such as the CBI, into the scam involving high-ranking bureaucrats and politicians in Orissa. The scam, the petition...
More »UID Aadhaar as if People Matter by SG Vombatkere
Media Reports The UID Aadhaar project planning and system design shortcomings and security risks at the national (or macro) level have been discussed elsewhere.1 The present article views the Aadhaar project at the system operational level, with practical considerations based on observed and probable functioning at the service delivery end. Consider the following report in a local daily, The Mysore Bugle: Food riots: PDS outlet vandalised Mysore: August 2, 2015—The PDS outlet in Ashokpuram...
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