-Outlook Kochi: Reserve Bank Governor D Subbarao today ruled out introduction of Islamic banking in the country but said other methods for channelising funds based on the principles of Islamic law can be looked at. "Islamic banking is not possible", he said, adding the central bank could look at other vehicles based on Islamic banking principles to channelise NRI funds. Replying to a question on the issue, Subbarao said: "There are some legal...
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Foreign investment in developing countries must involve local farmers to succeed – UN
-The United Nations International investments must give local farmers and active role and leave them in control of their land if they are to have a positive effect on the host country’s economy and advance development, according to a report released today by the United Nations food agency. Produced by the UN Food and Agriculture Organization (FAO), the report – Trends and Impacts of Foreign Investment in Developing Country Agriculture – emphasizes...
More »Inside Meghalaya’s black hole -Esha Roy
-The Indian Express Fifteen-year-old Altaf Hussain crouches effortlessly and heads into what looks like a black hole. Dragging a large wooden cart behind him, he disappears into the gaping darkness within seconds. After what seems like an endless wait but lasts just half an hour, he emerges from the hole with a cart laden with dark, glittering coal. The head of this group of 30 is Abu Kalam Mia. The 27-year-old ‘sardar’,...
More »Hisar’s shame -TK Rajalakshmi
-Frontline There is growing violence against women and children in Haryana, aided by the apparent collusion between the State government and the upper-caste-dominated khap panchayats. THE road leading to Dabra village in Haryana’s Hisar district is not very difficult to locate. It was at Dabra, a mere 15 kilometres from the district headquarters, that a heinous crime was committed on September 9. It would have gone unnoticed had it not been accompanied...
More »Rising food prices kept 8 million Indians chained to poverty: UN report
-The Times of India Rising food prices during 2010-11 may have pushed three million Bangladeshis into poverty, and kept eight million Indians from getting out of poverty bracket, finds a UN report released on Thursday. In Asia and Pacific region, food inflation pushed nearly four million people into poverty. The UN Economic and Social Commission for Asia and the Pacific ( ESCAP) report on regional cooperation for inclusive and sustainable development says...
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