After the visually-challenged RTI activist Ratna Ala, another RTI crusader from Valsad, Ketan Shah has lodged a complaint stating that he has been threatened for his activism by the chief officer of Valsad nagarpalika and senior officers in the district administration. For Shah, major shock came after the nagarpalika passed a resolution — a copy is with TOI — in the general body meeting on October 19 to blacklist him and...
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10,000 villages to get power from renewable energy sources by Sujay Mehdudia
Union Minister for New and Renewable Energy Farooq Abdullah on Tuesday announced that 10,000 remote villages across the country would be electrified with renewable energy sources by March 2012 under an innovative initiative that will also generate employment. “We will provide electricity to 10,000 villages at the cost of Rs. 500 crore by the end of the current plan period,” Dr. Abdullah said, while addressing a press conference to mark the...
More »Relax conditions for paddy procurement: Badal urges PM
Punjab Chief Minister Parkash Singh Badal has sought direct and immediate intervention of Prime Minister Manmohan Singh to offer relaxations in the specifications of paddy for its procurement by the Food Corporation of India and state agencies. The CM said a failure to take immediate corrective and remedial action could lead to serious law and order problem in the days to come. Badal has also written to Union Agriculture Minister Sharad...
More »Centre plans to restrict interest rate of MFIs
The Centre is planning to impose a ceiling of 18 per cent on the interest rate charged by MFIs on loans to SHGs. This was indicated by Union Finance Minister Pranab Mukherjee to Chief Minister K. Rosaiah during a telephonic conversation recently. Disclosing this at a media conference here on Monday, Minister for Rural Development V. Vasanth Kumar and Minister for Agriculture N. Raghuveera Reddy said Mr. Mukherjee informed that the...
More »Microfinance to get a regulator in NABARD by Deepshikha Sikarwar
A worried government has put on fast track the proposed bill to regulate micro-lenders, as it seeks to ensure that over-regulation by states does not kill the sector that is envisaged to play a big role in furthering financial inclusion. The finance ministry could move a bill in the winter session of Parliament that will make Nabard responsible for regulation of all non-profit microfinance institutions structured as trusts, cooperatives, or mutual...
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