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Lok Sabha paves way for setting up more banks

-PTI Parliament on Thursday paved the way for corporate houses to enter the banking sector by approving the banking bill, a key reform legislation pending for long. Parliament also passed the amendments to the debt recovery laws or Sarfesi law after a reply by finance minister P Chidambaram on the combined discussion on the two bills in Rajya Sabha. These two Bills -- Banking Laws (Amendment) Bill, 2012, and Enforcement of Security Interest...

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Lok Sabha passes companies, banking Bills-Asit Ranjan Mishra, Liz Mathew and Surabhi Agarwal

-Live Mint Consideration of land acquisition Bill deferred after opposition seeks more time to study new clauses India’s Parliament got down to business on Tuesday with the Lok Sabha passing two critical Bills, the Companies Bill, 2011, and the Banking Laws (Amendment) Bill, 2011, although it deferred consideration of the land acquisition Bill. The new Companies Bill, when it is enacted, is expected to improve the quality of corporate governance by strengthening...

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'Majority of working women in India feel unsafe after dark'

-PTI Majority of women surveyed by Assocham said they feel unsafe, especially during night shifts, in all major economic hubs across the country. Most of them are employed in sectors like BPO/ITeS, hospitality, civil aviation and nursing homes, it said. "About 92 per cent of working women feel insecure, especially during night in all major hubs of economic activities across the country especially in key segments such as BPO/ITeS, hospitality, civil aviation...

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Towards a secure retirement-Renuka Sane

-The Indian Express Increasing provident fund contributions within a faulty system is not the answer The Employees Provident Fund Organisation (EPFO) is moving towards increasing the mandatory contributions made towards an individual’s provident fund (PF). Contributions to the PF are 24 per cent of basic wages. Earlier, employers would exclude allowances such as the housing allowance (HRA) to make the basic wage look smaller, and pay lower amounts. If the EPFO has...

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Delhi government launches cash-transfer scheme; activists take out dhikkar rally-Prakhar Jain

-Tehelka While Delhi government says it will eliminate leakages in the supply chain of food distribution, activists say it will take away the rights of the poor who require food entitlements rather than cash When Chief Minister of Delhi Sheila Dikshit fumbled a bit in front of 5,000 people while delivering her speech at the launch of Annshree Yojna, the audience let out a collective gasp and began murmuring loudly. Dikshit had...

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