The nearly 10 crore farmers who hold kisan credit cards (KCC) will soon be able to use their card as a deposit account and a debit card.  This will help the government scale up its financial inclusion plan quickly without relying on bank accounts alone.  KCC, which has been instrumental in faster delivery of credit to farmers, is like an overdraft account with a bank that has to be operated through a...

-The Telegraph   Dispur will step up its fight against land grabbers in the city with chief minister Tarun Gogoi making it his government’s top priority for 2012 and the Kamrup metro administration activating a helpline from tomorrow to make itself directly accessible to victims. Gogoi, in his third term as chief minister, today said Dispur would lay “special focus” on implementing the Assam Land Grabbing (Prohibition) Act, 2010, because the problem is...

-The Hindu Amendment to provide for transfer of proceeds of foreign predicate offence The government tabled the Prevention of Money-Laundering (Amendment) Bill, 2011, in the Lok Sabha on Tuesday. It seeks to introduce the concept of a ‘corresponding law' to link the provisions of Indian law to those of other countries and to provide for transfer of the proceeds of foreign predicate offence committed in any manner in India. The Bill enlarges the...

Driven by its over-emphasis on evading a “legally binding” commitment, India signed on at Durban to a key agreement that has not even a pro forma reference to equity and sets aside differentiation explicitly. South Africa will undoubtedly be satisfied that the 17th meeting of the Conference of Parties (COP 17) of the United Nations Framework Convention on Climate Change (UNFCCC) marked the inauguration of the Durban Platform for Enhanced Action,...

Maharashtra says it could go against existing franchisee norms Power distribution utilities of three States including Maharashtra have objected to the proposed suggestions by a sub-group of the Task Force on Private Participation in the Power Sector of the Planning Commission. They feel the proposals could go against existing franchisee norms in the States and skew the tariff. The sub-group had been pushing for Public-Private-Partnership (PPP) in the distribution of electricity as...