One of the standout features of the monetary stimulus in India has been the wide divergence between the RBI’s policy rates and the actual lending rates of banks — the latter haven’t fallen nearly as much as the RBI would have liked. On Wednesday, Governor Subbarao ticked indian banks off for the stickiness and non-transparency in lending rates and urged them to get out of the mindset which has led...
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First film on RTI at IFFI by Ziya Us Salam
India’s first film on the Right to Information is out. Ek Cup Chay (A cup of tea) was screened at the 40th International Film Festival of India here to thunderous response from the audiences. Speaking to The Hindu, directors Sumitra Bhave and Sunil Sukthankar said: “It is the first film on RTI in any language in the country. We wanted to create awareness of the law among people.” “The decisions...
More »The gloves go on
AT THE recent food summit in Rome, President Luiz Inácio Lula da Silva donned a pair of bright-red boxing gloves labelled “Hunger Free” and waved to the cameras. They were his prize—if that is the right term—for Brazil’s success in topping a league table drawn up by ActionAid, a British charity, of countries that have done most to reduce hunger*. The occasion was a stunt, of course, but had a...
More »Dubai Debt Crisis May Affect Remittances to India, Isaac Says
A financial crisis in Dubai will hurt remittances to India and reduce job opportunities for citizens of the south Asian nation, said Thomas Issac, finance minister of the southern state of Kerala. About 4.5 million indians live and work in the Gulf region and remit more than $10 billion annually, according to the Ministry of External Affairs annual report for the year ended March 31, 2009. Remittances from the Middle...
More »Promote docket inclusion: K.G. Balakrishnan by J Venkatesan
About 1.7 crore cases were disposed of in 2008 by 14,000 judges in the country, Chief Justice of India K.G. Balakrishnan said on Wednesday. “About 1.8 crore fresh cases had been filed in courts in 2008, … reflecting a steady increase in the rate of institution of fresh proceedings over the years. Against this, approximately 14,000 judges disposed of 1.7 crore cases in 2008, demonstrating a disposal rate of 1,200...
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