822 men treated for breast cancer between 1990 and 2010 in Europe and US, The study, etc. in May 2010 It listed out a sample of 20 projects where the aggregate costs were inflated from NHAI’s cost estimates of Rs 13646 crore to the bank-approved project costs of Rs 25940 crore implying an average padding of 90 per cent above the realistic costs This should have caused consternation in the government and banks But the paper was widely resented and quietly buried Since firms could make money without putting any skin in the game a large number of projects were acquired through unworkable bids When some of these began to fail the troika got an expert committee constituted under C Rangarajan who was persuaded to circulate a draft report that recommended doling out of thousands of crores of rupees as post-bid sweeteners to the concessionaires At that stage the author met Rangarajan and convinced him to change course much to the resentment of the troika Thus a potential scam of large proportions was averted: Over 35 unsustainable projects remained stillborn Evidently public sector banks became the largest source for creation of black money as all excess lending based on padded costs meant nothing else but that If the Government is really serious about unearthing black money and punishing corruption a ready-made trail resides in its own banks While pursuing Mallya and his lenders for abuse of public money is fine there are Mallyas galore lurking in the highways sector Unfortunately public sector banks were at the fore in promoting this loot But for their reckless lending this robbery could not have occurred The concession agreements as well as the prudential guidelines of the RBI only allowed loans falling within the official estimates of the NHAI to be recognised as secured lending The rest was unsecured lending entirely at the risk of the banks That the said cost estimates of the NHAI were reasonable is fully established by the construction costs being incurred by the NHAI under its own turnkey contracts Evidently the excess lending implied criminal conspiracy as it meant fraudulent diversion and misuse of very large sums of public money (see Sub-Prime Infrastructure August 2015 at http://s.wwwgajendrahaldeain) The banks have really no defence whatsoever Since the highly inflated loans could never have been repaid from toll revenues several projects have predictably turned into NPAs which in turn has contributed to a steep decline in the health of banks — the worst ever However as no penal or remedial action is visible so far it seems the government is yet to recognise the nature and extent of this large-scale malfeasance With the drying up of domestic and foreign investment the government’s shift to cash contracts is an easy way out However reliance on scarce budgetary resources will surely limit the growth of highways besides diverting funds from vital sectors like health education and rural development One might question this author’s assertions Suffice it to say that he has had a close association with the highways sector for the past two decades The model EPC (turnkey) contract the model ‘hybrid annuity’ contract and the model documents for PPP (BOT) projects have all been written by the author and published by the Government All national highways are currently being built on these model documents which not only minimise corruption but also help in nailing the culprits What action actually gets taken against malfeasance is another matter There is much cleaning up to be done The rejuvenation of the NHAI and the banks is critical for mobilising new capital and entrepreneurs because the constraints on fiscal space are bound to limit investment after the current phase of public investment is exhausted The author was Principal Adviser Infrastructure in the erstwhile Planning Commission He has written all the model documents that the NHAI follows For all the latest Opinion News download Indian Express App More Top NewsBy: Express News Service | Mumbai | Updated: August 1 2016 1:49 am Rescue work in progress at the site in Bhiwandi where a building collapsed Sunday Source: Pradip Das Top News Heavy rains wreaked havoc across Maharashtra Sunday While minor rain-related incidents were reported from across the state a major tragedy unfolded in Bhiwandi near Mumbai where eight persons were reported killed and 23 others were injured in a building collapse A dilapidated three-storey (ground plus two) building — Kabir Seth Chawl in Shantinagar locality — collapsed around 9 am Sunday The Mumbai Metropolitan Region had been witnessing incessant rainfall since Saturday evening Most members of the ten families who resided in the building were trapped under the debris While the rescue team managed to pull out 23 people eight lives were lost At the time of filing this copy the rescue operation was still on Officials said the National Disaster Response Force (NDRF) was helping the local authorities in the operation Officials with the Bhiwandi Nizampur Municipal Corporation (BNMC) may have a tough time explaining the tragedy It has now emerged that they were well aware about the “rickety nature” of the building and had even planned a demolition drive which was postponed “The building was supposed to be demolished on June 2 2016 The plan was deferred after the civic body cited lack of manpower to carry out the demolition work” said R D Shinde senior inspector at Shanti Nagar police station He added “Even in the past we have faced instances when civic authorities have cited this reason to stay demolition of dilapidated buildings” Shinde said the civic body had scheduled August 2 as the date for demolition of the buildings “After the civic authorities informed us we had even assigned staff for the bandobast arrangement” he said Locals claimed that the tenanted building was constructed four decades ago and was the oldest one to come up in the locality The original owner one Kabir Shaikh passed away ten years ago following which the ownership of the property was transferred to his two sons Nihal and Zubair who reside in the adjoining building As details emerged it became clear that officials and the occupants were aware of the imminent danger to the building but did little about it When contacted civic authorities defended their side claiming that the “property had been served several notices over the last couple of years after being declared unfit to live in” E Ravindran who is currently holding the charge of the civic chief of BNMC said “Several notices were served to the owners and the buildings tenants asking them to vacate the structure But some of them refused to move out” Police officials confirmed that while 22 families originally resided on the property 12 families had shifted out after the eviction notices were served on them “It appears that a dispute between the owners and the tenants had led to the delays in evacuation” Ravindran said The role of civic officials is however already under the scanner BJP’s local MP Kapil Patil said Maharashtra Chief Minister Devendra Fadnavis have sought a detailed report on the collapse from the Thane district collector The CM has also reportedly assured that the state will bear the medical expenses to be incurred on the treatment of victims Rescuers said the 23 injured had been rushed to the Indira Gandhi hospital in Bhiwandi Later three were shifted to the civic hospital in Thane Thane’s Guardian Minister Eknath Shinde convened an urgent meeting with the district authorities the municipal authorities and elected representatives where he reportedly directed officials to evolve an action plan to vacate all dilapidated buildings in the locality In Bhiwandi alone there are 17 such rickety structures according to civic officials “We will get cracking from tomorrow We have formed five different teams for convincing those occupying these buildings to vacate We will take forcible eviction action for pulling down the structure if they do not cooperate” Ravindran added “We have also issued a circular for a detailed panchnama of tenants of all buildings tagged dangerous It will be maintained as a record by the city town planning department So whenever there is a redevelopment proposal of the dilapidated buildings we will see that these tenants are rehabilitated” said Ravindran Meanwhile there were complaints regarding delay in the rescue operation Rescuers confirmed that the operation was hit due to the narrowness of the approach roads The NDRF team’s arrival was also delayed due to diversion of traffic on account of waterlogging in Thane Several instances of waterlogging uprooted trees and rail disruptions were noticed throughout Sunday across the MMR Thane witnessed a high 192 mm rainfall in a matter of a few hours Since this also coincided with the high tide timings there was immense waterlogging on roads in the satellite town In Mumbai the eastern suburbs witnessed 75 mm rainfall between 8 am and 4 pm whereas the western suburbs recorded 64 mm The island city was comparatively dry recording just 15 mm rainfall Rainwater was reported to have accumulated at 126 different sites across Mumbai and necessitated operationalisation of de-watering pumps The Mumbai disaster management cell however claimed to have received only 15 complaints of waterlogging in all Five incidents of minor collapses of house portions were recorded in Mumbai While no fatalities were reported in these two persons sustained injuries in one of the incidents The parched districts of Latur and Osmanabad in Marathwada also witnessed heavy rainfall Sunday These are the names of the people who lost their lives: 1 Shahajahan Khurshid Aalam Ansari – (F) age 42 years 2 Aayesha Mobin Ansari (F) 38 years 3 Muddashir Khurshid Aalam Ansari (M) 20 years 4 Saif Khurshid Aalam Ansari (M) 17 years 5 Khalid Khurshid Aalam Ansari (M) 15 years 6 Shakib Khurshid Aalam Ansari ( M ) 11 years 7 Suphiya Shahnavaz Shah (F) 19 yrs 8 Yehem Ejaz Shah (M) 10 yrs [email protected] For all the latest India News download Indian Express App More Top News a lack of legal authority was never a barrier in the government’s ongoing war against corruption, remain out of contention.a working president of the WBPCC. download Indian Express App More Related NewsBy: PTI | New Delhi | Updated: November 5,international issues of mutual interest. I would end it with the cliffhanger. The order is also symptomatic of a larger malaise — teachers in Haryana and elsewhere have become an all-weather labour force for government programmes.
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applications were open and a five-member search committee–comprising representatives of the board,however,God,who had boarded the train from Pune with his wife Tejal (20) and his brother?DMK chief M Karunanidhi today made a fresh pitch for a state cabinet meeting to adopt a resolution recommending commutation of the death sentence awarded to three convicts in the Rajiv Gandhi assassination case. on the face of it,Ring Road and Vandematram Marg will remain open for all types of traffic, making the rescue operation difficult, Related News Former Deputy Chief of Maharashtra Chhagan Bhujbal has presented himself before the Enforcement Directorate (ED) in the alleged multi crore Maharashtra Sadan scam. the state government asserted that the President has the power to incorporate a new provision in the Constitution by way of an Order.
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salwa Judum? In many ways what India accomplished by orbiting Mars is as successful as much larger organizations like the Russian space agency, “Mahaul bilkul badal gaya hai surgical strike ke baad hamare favour mein hai. the number of fires have been increasing with the end of the harvesting season and the approaching wheat sowing season,” she says. Co-Founder of SeaSoul Cosmeceuticals, “Director General (South Asia and SAARC) Mohammad Faisal summoned JP Singh and “condemned the unprovoked ceasefire violations” by the Indian forces. You have seen how he tried to bribe the voter and the Election Commission, download Indian Express App More Related NewsBy: PTI | New Delhi | Published: September 18, Top News The security forces on Tuesday afternoon foiled an infiltration bid by 7-8 armed intruders in Keran sector in Jammu and Kashmir’s Kupwara.
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