As part of its financial outreach programme in tune with national priority, city-based private sector Karnataka Bank Limited is all set to launch KBL-Empower Biometric smart card at Babbur in Hiriyur taluk of Chitradurga district on Wednesday. P Jayarama Bhat, managing director of the Bank, will launch the card in the presence of Range Gowda, CEO, Chitradurga ZP who will distribute the card to the beneficiaries. With this, the bank is...
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Changing face of local polls by Mrinal Pande
Panchayat elections in Uttar Pradesh have thrown up many curious phenomena. Everyone involved with the panchayat elections in Uttar Pradesh seems to love it. Sons, brothers, sons-in-law of MLAs contesting for seats at the village, tehsil or district levels in vast numbers are happy because the vidhayak mahoday is campaigning on their behalf, making full use of the party machinery. Wives and daughters-in-law from ‘influential families' are delighted because their family's...
More »'Caste fence' pulled down in Tamil Nadu
An ' untouchability fence' that prevented Dalits from using roads in a hamlet near Krishnagiri in western Tamil Nadu was pulled down after it was brought to the notice of the police and revenue authorities. The barbed wire fence put up by non-Dalits around an elementary school at Ittikkal Agaram in Krishnagiri district prevented eight Dalit families of the locality from using an approach road leading out of the village for...
More »The narcissism of the neurotic by P Sainath
The Commonwealth Games were no showcase, but a mirror of India 2010. If they presented anything, it was this — Indian crony, casino capitalism at its most vigorous. The Commonwealth Games over, we can now return to those of everyday Indian life. For all the protests, though, there was nothing in the corruption that marked the Games that does not permeate every town and city, all the time. Just that, in...
More »MFIs vs moneylenders
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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