Reserve Bank of India has set a projection of fove years by which mobile banks would be penetrating to every village of India, said KC Chakraborty, Deputy Governor of RBI.   Chakraborty firmly said that in five years time every villager would be financially included. Mobile bank is a movable vehicle which reaches a particular region at a specified time. Every mobile bank is authorized by some bank and is operated by bank...

The poor in India's cities are in many ways worse off than those in rural areas, says Housing and Urban Poverty Alleviation Minister Kumari Selja, pointing out that the urban population is set to double in the next 25 years to over 600 million. 'About 300 million people live in towns and cities underserved by utilities, with inadequate housing and increasingly choking traffic. The condition of the urban poor is by...

The government is likely to make it mandatory for mining companies to hand over a part of their revenues and make annual payments to land losers, bringing compensation rules in this sector in line with a policy followed by the Haryana government which has won the backing of Congress president Sonia Gandhi. But in a sop to companies, which have been unenthusiastic about earlier plans for profit-sharing, the ministry of...

Meritorious students from 27 districts to be covered this financial year Monthly pension of freedom fighters enhanced from Rs. 5,000 to Rs. 8,000 The Assam government will provide scholarships of Rs. 2,000 each to 2 lakh meritorious students belonging to tea-tribe communities, the Scheduled Tribes, the Scheduled Castes, Other Backward Classes, as well as other communities living in the border areas, chars (sand isles of the Brahmaputra river) and other economically and...

Election Commission of India (ECI) has initiated a move to check insertion of "paid news" items in the print and electronic media by political parties and candidates during elections. State chief electoral officers (CEOs) have been directed to form a committee in each district for the purpose. The move assumes significance in view of the fact that assembly elections are round the corner in Bihar. The practice of getting advertorials...