A potential for conflict of interest, says study by National Social Watch As many as 128 members of the Lok Sabha, forming nearly a fourth of the strength of the lower House, fall in the categories of “industrialist/trader/businessperson/ builder.” In the Rajya Sabha, MPs from these groups (25 out of 245) account for a more modest 10 per cent. However, in a potential conflict of interest, many of the MPs are...
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NABARD delaying talks on panel report: Sudhakaran
Says the bank has also stopped refinancing farm loans Says no NABARD official has visited his office in a year Criticises Milma for deposits in a private bank Cooperation Minister G. Sudhakaran said here on Monday that the National Bank for Agriculture and Rural Development (NABARD) had not been taking the initiative to hold discussions on implementing the Vaidyanathan committee report on cooperative sector reforms and had stopped refinancing farm loans in the...
More »CBI grills Radia, ‘lobbyist didn’t reveal much’
Lobbyist Niira Radia , who’s in the eye of major storm over her taped telephonic conversations with a wide variety of people, including politicians, corporates and journalists, was on Tuesday grilled by the CBI over her alleged involvement in swinging commercial deals which smacked of a quid pro quo. A three-member CBI team subjected Radia to an intense questioning at her Chhatarpur farmhouse in south Delhi this morning. The interrogation, which...
More »Wholesale price dips, onion ban questioned
The Centre today sought to justify the export ban on onion by saying that the wholesale price of onion in Nashik, the country’s largest wholesale hub for the bulb crop, had declined by 33 per cent to Rs 2,500 per 100kg or Rs 25 a kg. The impact will not be felt immediately on kitchen budgets as it will take some time – “two to three weeks”, according to Sharad Pawar...
More »Interest-free banking urged
Indian Centre for Islamic Finance delegation makes presentation at Yojana Bhavan The Indian Centre for Islamic Finance (ICIF) has made out a strong case before Prime Minister's Economic Advisory Council member V. S. Vyas for introducing interest-free banking in the country at the earliest to ensure “inclusive growth with innovation” in accordance with the recommendations of the Planning Commission's Raghuram Rajan Committee. An ICIF delegation from New Delhi, led by its general...
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