Electoral bond is an instrument to donate money to political parties and can be purchased from State Bank of India and identities of donor and receiver are kept secret. NDA government rejected objections of RBI before passing the law. The government claims that electoral bonds will weed out black money from political funding but opposition parties and Election Commission feel the bond scheme promotes anonymous funding and favours the BJP.
The probability of the government winning a case more than doubles when decided by a bench with both judges retiring at least 16 months before the election, enough time for the government to reward them. The case, however, has to be of special importance to the government. Judges also strengthened their prospects by writing the judgement instead of just passing the favourable order. Appointments to government positions are considered prestigious and desirable by judges.
Electoral bond is an instrument to donate money to political parties and can be purchased from State Bank of India and identities of donor and receiver are kept secret. NDA government rejected objections of RBI before passing the law. The government claims that electoral bonds will weed out black money from political funding but opposition parties and Election Commission feel the bond scheme promotes anonymous funding and favours the BJP.
The banking industry is in shambles thanks to high level of NPAs, especially in public banks. According to a report by the Public Finance Public Accountability Collective (PFPAC), the NPAs rose from a mere Rs 50,517 crores in 2007 to Rs 5,41,763 crores in 2016. In a period of six months between September 2015 and March 2016 the amount of NPAs shot up by a staggering 46 percent. That they now stand at Rs 10 lakh crore underscores the economic slowdown and failure of remedial measures.
The CBI FIR against Hindalco group chairman Kumar Mangalam Birla in the coalgate scam riled businessmen and politicians alike. Many voices said that such a move can affect the morale of our industrialists, who may leave the country along with their investments. That such cases are increasingly being reported seemed to have been lost on them. Earlier, Anil Ambani and Videocon's promoter Venugopal Dhoot were grilled in the 2G Spectrum scam. The Supreme Court has also asked the CBI to probe the involvement of various corporates in 14 issues of criminal dimensions
Housing remains a major issue for Indian cities. While traditional city centre populations are moving to more affordable peripheral areas, the urban poor are forced to live in unhygienic slums lacking civic amenities.
Chattar Singh of Ramgarh village had never heard of a mosquito till the time he went to Jaipur to appear in a school examination. When the village elders asked him how he plans to tackle the blood thirsty insects, he said, “Let them come, I will have my stick ready.”
At last, the work done under the ambitious Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) can be independently monitored and public money accounted for. The recent striking down of Section 13 (b) of the Act
Puranmasi wanted to replace his old autorickshaw with a new one. Having failed to get it replaced on his own, he approached an agent of a financier who made him sign several documents which Puranmasi could not understand.
Media is the latest villain in the Indian films. Joining the ranks of corrupt and insensitive, the newspapers and news channels are either being lampooned for their sensationalism (Peepli Live), portrayed as power players (Rann) or relegated to the status of being
Next time you decide to donate your hard earned money for a noble cause, be very careful. The funds may land up in the coffers of just a few officials instead of reaching the affected people. Investigations into the Junior Red Cross Fund in the state of Punjab have revealed.
