His ministry had earlier put a stop on the project citing ecological damage Delhi Govt. insisted that only the dam can solve Capital's water woes Union Environment and Forests Minister Jairam Ramesh on Sunday said he will undertake an inspection of the Nahan Valley in Himachal Pradesh, the site of the proposed Renuka Dam, which has been Turned down by his office on the grounds that it involves the axing of 1.77...
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New draft of MFI Bill to give more teeth to RBI by Dinesh Unnikrishnan
The earlier draft covered only non-NBFC MFIs incorporated as trusts and non-governmental organizations that constitute a very small part of the total industry The proposed microfinance Bill for governing India’s Rs. 22,000 crore microlending industry is set to give more teeth to the Reserve Bank of India (RBI) to regulate larger microfinance institutions (MFIs). This will be done by removing such entities from the purview of laws enacted by state governments...
More »Universalization of food security law may take a hit, shows survey by Subodh Ghildiyal & Rajeev Deshpande
A pilot survey finding that 25-30% of the rural population can be automatically excluded from food security entitlements for below poverty line population might help forge a consensus between the government and the Sonia Gandhi-led National Advisory Council. The "automatic exclusion" criteria, devised on the basis of the N C Saxena report on methodology for a BPL census, is more liberal than the "bare bones" approach adopted by the government in...
More »Lokayukta police not to file FIR
Yeddyurappa gets a breather The Lokayuka police have decided not to file a First Information Report (FIR) in the investigation of corruption charges against Chief Minister B.S. Yeddyurappa, his sons B.Y. Raghavendra, MP, and B.Y. Vijayendra, his son-in-law R.N. Sohan Kumar, the former BJP Minister S.N. Krishnaiah Setty and Davalagiri Property Developers Ltd., partly owned by Mr. Yeddyurappa's kin. The Lokayukta police were given six weeks to conduct an inquiry into...
More »Indian newspapers love politics and business
Guess what hogs the news? In a country plagued by rural problems and social ills, it's politics and business that find the maximum coverage in newspapers and not health, education, agriculTure or environment. A comprehensive study of 10 newspapers in five states from mid-September to mid- November 2010 by The Hoot, a media monitor, found that political news constituted the maximum - 15.7 percent of the total news items, followed by...
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