-Outlook Kochi: Reserve Bank Governor D Subbarao today ruled out introduction of Islamic banking in the country but said other methods for channelising funds based on the principles of Islamic law can be looked at. "Islamic banking is not possible", he said, adding the central bank could look at other vehicles based on Islamic banking principles to channelise NRI funds. Replying to a question on the issue, Subbarao said: "There are some legal...

-Outlook Child victims of sexual offences will now get swift and adequate compensation as well as immediate medical care and rehabilitaion with the Government today notifying new rules. As per the new rules under the Protection of Children from Sexual Offences Act, state governments shall pay compensation ordered by Special Court within 30 days of receipt court orders, officials said. Special Courts would award compensation to child after taking into account a host...

-PTI Integrating unique identification number project “Aadhaar” with various social sector schemes like rural employment guarantee programme and PDS, would yield rich dividends for the government, says a study. According to cost benefit analysis study done by the National Institute of Public Finance and Policy (NIPFP), the investment on Aadhaar project would provide a return of as high as 52.85 per cent to the government. Substantial benefits would accrue to the government by...

-The Hindustan Times Millions of parents and their children may soon no longer have to bear the risks associated with unregulated playschools with dubious teaching methods and crumbling infrastructure that often charge high fees but fail to deliver on promises. The human resource development (HRD) ministry, headed by newly appointed MM Pallam Raju, on Thursday got state governments to agree to expand the Right to Education Act (RTE) to cover preschools. Under...

-Mail Today   THE edifice of Arvind Kejriwal’s guerilla war on politicians and big business has been bankrolled by corporate big wigs who donated to his Public Cause Research Foundation. India Against Corruption, which has unfurled the banner of revolt against all- pervasive corruption, actually draws its lineage from Public Cause Research Foundation. And if you were wondering where the movement got sustenance from, strangely it came from a combination of businessmen and bankers. They...