Indian business post

CAG TO AUDIT NOIDA, GR NOIDA, YAMUNA EXPRESSWAY AUTHORITIES

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UP government has ordered Comptroller and Auditor General (CAG) audit of three industrial development authorities which are facing allegations of irregularities and corruption.

In the latest decision, the state government ordered CAG auditing for Noida, Greater Noida and Yamuna Expressway industrial development authorities, UP Industrial Development Department Principal Secretary Alok Sinha said.

The Noida Authority had earlier opposed CAG auditing, saying it is an autonomous body. Apart from carrying out checks on procedures, utilisation of funds and progress of projects, the CAG audit may also scrutinise the terms of contracts, agencies and contractors to whom the projects have been awarded, they said.

Allegations have been levelled that the three authorities had made large-scale land allotments to builders and other allottees at throwaway prices in the past 10 years. The state government recently had given a nod to the audit of the Ghaziabad Development Authority by the CAG.

Industrial Development Minister Satish Mahana said, that to highlight corruption in the previous government in UP it is necessary that the CAG should audit all the development authorities.

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CIA DIRECTOR SAYS RUSSIA CLEARLY MEDDLED 2016 ELECTION,

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Wikileaks

16 hrs ·

Trump CIA Dir Pompeo: WikiLeaks “recruits spies” “rewards people who steal secrets” and subverts western democracy

CIA Director Says Russia Clearly Meddled 2016 Election, Jul 11 2017

CIA Director Mike Pompeo tells attendees at the Intelligence and National Security Alliance (INSA) dinner that Russia clearly meddled in the 2016 election, but says…

C-SPAN.ORG

Naresh Kumar Sagar

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‘OVER-SEXUALISED’ UK SHAVING AD BANNED

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BBC News

The “highly sexualised” advert included close-up shots of women’s crotches.

‘Over-sexualised’ UK shaving ad banned

BBC.CO.UK|BY BBC NEWS

Naresh Kumar Sagar

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PLACE-BASED PREFERENTIAL TAX POLICY AND ITS SPATIAL EFFECTS:

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Jul

CPR is pleased to invite you to a talk on
Place-based Preferential Tax Policy and its Spatial Effects: Evidence from India’s Program on Industrially Backward Districts
Yi Jiang, Rana Hasan

Friday, 14 July 2017, 3:30 p.m.

Conference Hall, Centre for Policy Research

Image Source

Indian government initiated a program in 1994 to promote manufacturing in districts designated “backwards”. The way the backwards districts were identified enables us to employ a regression discontinuity design to evaluate the impacts of the program. We find that the program’s 5-year tax exemption to manufacturers led to a significant increase in firm entry and employment in relatively better-off backward districts, particularly in light manufacturing industries. However, the program also resulted in negative spillover effects on districts which were neighbouring these backward districts and relatively weaker in economic activity. The findings emphasise that the spatial effects of place-based policies deserve greater attention from policy makers.

Yi Jiang is a senior economist at the Economic Research and Regional Cooperation Department of the Asian Development Bank. His research focuses on topics in public, development, urban, and environmental economics. Yi holds a PhD degree in economics from the University of Maryland, College Park, a Master’s degree in statistics from the University of Missouri-Columbia, and a Bachelor’s degree in finance and economics from Zhejiang University, China.

Rana Hasan is the Director of the Development Economics and Indicators Division at the Asian Development Bank’s Economic Research and Regional Coordination Department. His research has focused on understanding how market-oriented economic reforms affect labour market outcomes and industrial performance, and analyses of poverty and inequality in the Asia-Pacific region. He holds a Ph.D. in Economics from the University of Maryland and a Masters’ degree in Economics from the Delhi School of Economics, University of Delhi.

RSVP: partha@cprindia.org

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