The National Bank for Agriculture and Rural Development (Nabard) set up to finance agriculture and rural development, has been giving evasive replies to specific questions raised by the Union finance ministry and by Parliament on the nature of recommendations made by the Boston Consulting Group (BCG) to restructure the bank. Some MPs believe that the restructuring violates the role mandated for Nabard by Parliament. DNA earlier reported that the restructuring/repositioning of Nabard...

A campaign to help the elderly spend the evening of their lives with dignity and without want is being launched by Pension Parishad with a dharna in Delhi from May 7th to May 11th 2012 at Jantar Mantar, New Delhi. The idea is straight and simple, and is something whose time has come. Just read on and reach the venue for more information and interviews with the campaign participants.   “One...

The private member’s Bill that Rahul Gandhi’s close aide and Congress MP Meenakshi Natarajan was scheduled to introduce in Parliament last week lays down a draconian set of rules clearly aimed to gag and threaten the media in the name of “protecting national interest”. Called the Print and Electronic Media Standards and Regulation Bill, 2012, it provides for a media regulatory authority — part selected by the I&B minister and three...

Export Import Bank of India has sanctioned a Libor-linked foreign currency loan to artisans in Bihar for bulk purchases of tasar silk, their raw material. Libor is London inter-bank offer rate which is being used as a benchmark for short term rates in the international capital market. Exim Bank has given the working capital loan for three months to Ecotasar Silk Pvt Ltd, an enterprise manufacturing off-the-loom tasar silk products in...

A local court on Monday convicted Samajwadi Party state president and MLA Abu Asim Azmi and four others of making inflammatory speeches to incite communal violence during a rally in 2000. Metropolitan magistrate Sanjashree Gharat of the Mazgaon court sentenced Azmi, Waqarunnissa Ansari, Lalbahadur Singh, Ehsanullah Khan and Ali M Shamsi to two years' imprisonment. When the five sought time to appeal in the sessions court, the magistrate allowed suspension of...