THE PRIEST

The Ministry of Corporate Affairs introduced an ‘Early Warning System” (EWS) in 2009 based on certain financial and non-financial indictors to ensure, as far as possible, that there is no recurrence of cases similar to Satyam Case. The criteria of EWS are used for online examination of Balance Sheets and other records of all listed companies and unlisted companies [(a) with a turnover of Rs. 100 crore or more, (b) with a paid up capital of Rs 50 crore or more, and (c) having 1000 or more shareholders.] to generate early alerts of possible violations which could lead to commitment of frauds. The criteria devised in 2009 was revisited and revised for identifying compnies for their early scrutiny with thefollowing salient features:-

The Interest Subsidy Scheme for Housing the Urban Poor (ISHUP) provides interest subsidy on housing loans to the Economically Weaker Sections (EWS) and Low Income Group (LIG) as part of credit-enablement measures and encourages those households to avail of loan facilities through Commercial Banks/Housing Finance Companies for the purpose of construction/acquisition of houses and avail 5% subsidy in interest payment for loanz upto Rs. 1 lakh. The loan repayment period would be 15-20 years.