The Andhra Pradesh Microfinance Institutions (Regulation of Money Lending) Ordinance, 2010, suggests there’s more politics than understanding of economics that went into it. The setting up of district registering authority under the ordinance, with elaborate powers to even cancel licences, will increase risks of operations posing serious hazard to business plans and will jeopardise the whole MFI network. Especially stifling is the requirement that MFIs have to submit a monthly...
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Probe CWG corruption: BJP, CPI by J Balaji
As the 19th Commonwealth Games (CWG) ended here on Thursday, the Opposition parties on Friday raised the issue of “corruption” in organising the event and sought a thorough probe. They referred to the promises made by Prime Minister Manmohan Singh and Congress president Sonia Gandhi that no one found involved in “corruption” would be spared after the Games were over. BJP spokesman Prakash Javadekar told journalists, “I think the public-jury is out.”...
More »Meena Gupta’s Posco report on Monday
The fate of South Korean steel giant Posco’s project in Orissa will be decided by early November. The decision will be taken before Prime Minister Manmohan Singh travels to Seoul for the G-20 meet in the second week of November. The environment ministry-appointed committee headed by former environment secretary Meena Gupta will submit its report on October 18. Sources said that there are indications that the panel will not be submitting...
More »Information commissioners want transparent selection process
Five years after Right to Information (RTI) Act came into existence, Information Commissioners feel that there should be more transparency in their appointments. A survey conducted by Parivartan , an NGO, among state and central Information Commissioners , the final appellate authorities for RTI Act grievances and complaints, has found that 66% of commissioners surveyed want a transparent selection process. The survey found that Information Commissioners had reservations about the...
More »India leads Commonwealth tally in underweight children by Himanshi Dhawan
India may rank second in the medals tally, but it is on top of the heap among the Commonwealth countries as the home to the highest number of underweight children. About 43% of India's children are underweight, and 7 million under fives are severely malnourished, says a new report "Commonwealth or Common Hunger", released by Save the Children, a child rights NGO. The report reveals that 64% of the world's underweight children...
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