The original report on ‘paid news' of the Press Council of India sub-committee is relegated to the archive. Then too, it does not even appear on the PCI's website. Presented with a chance to make history, the Press Council of India has made a mess instead. The PCI has simply buckled at the knees before the challenge of “Paid News.” Its decision of July 30 to sideline its own sub-committee's report...
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The banking woes of an “excluded” community by Vidya Subrahmaniam
Banks have designated red zones where the vast majority of Muslim clusters fall. This fact is confirmed by the rash of banking-related complaints received by the National Commission for Minorities. A little over a year ago, Ali Arshad, a resident of Okhla in Delhi, went to a well-known private sector bank to open a bank account. He thought his case would be fast-tracked because he had a banking background, he worked...
More »Unique ID pilot project in a week
Nandan Nilekani-headed Unique Identification Authority of India’s (UIDAI) plan to pay rural job scheme wages by putting to use the unique ID number will have its pilot run in five blocks of Jharkhand within a week. At a meeting today chaired by chief secretary A.K. Singh and attended by UIDAI director-general Ram Sevak Sharma, around a dozen blocks were discussed. It was then decided to choose five of these blocks in...
More »FICCI opposes mining bill, debunks tribal compensation scheme
Criticising the government’s Mining Bill, FICCI has said that the proposed legislation would adversely impact investments in the sector. It also termed the government’s scheme to provide shareholdings to tribals in mining projects as flawed. In a recent letter to Finance Minister Pranab Mukherjee, FICCI Secretary General Amit Mitra said that the proposed act will “adversely affect the industry”. “...the latest draft of the Mines and Minerals Development and Regulation Act 2010 proposes...
More »Controlling Inflation by Dipankar Dasgupta
The Union budget estimates the nominal rate of growth for the Indian economy to be 12.5 per cent during the current fiscal. While it is impossible to figure out the manner in which this number was arrived at, the government has predicted further that the inflation-adjusted real growth rate for the same year will be eight per cent. Simple arithmetic requires that the difference between the nominal and real growth...
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