-IANS The government is considering creating a corpus fund of Rs.1,000 crore ($18.7 million) in the current fiscal that would encourage banks to give housing loans in 'significant volumes' to the urban poor, Prime Minister Manmohan Singh said Tuesday. Addressing a conference on the Jawaharlal Nehru National Urban Renewal Mission (JNNURM) here, Manmohan Singh said the corpus of Rs.1,000 would be set aside to create a credit risk guarantee fund that could...

Our democracy is creaking, but it works—nominally at least. What it needs is not dilution, but deepening. When “Too Much Democracy” Works     Pressure in Parliament pushes PM Manmohan Singh to secure the resignation of telecom minister A. Raja in the 2G affair     The angst and trials of tribals in the Maoist bastion of Dantewada is sensed in Delhi after the media highlights their plight     People power at the sites of...

-The Telegraph   RBI governor D. Subbarao has expressed concern over Bengal’s low credit-deposit ratio, which means that funds from the cash-starved state are actually meeting the borrowing needs elsewhere. The erstwhile Left government used to blame banks for the skewed ratio. But bankers have blamed it on the poor credit absorption capacity of rural Bengal because of fragmented land holdings — a fallout of the land reforms. After a meeting with chief minister...

U.P.'s GDP grew at 7.28 per cent in the past five years, but the State ranks low in virtually every area of socio-economic development. IF statistics on gross domestic product (GDP) are the only criteria to evaluate the performance of a government, the Mayawati-led Bahujan Samaj Party (BSP) government in Uttar Pradesh will have to be rated as one with highly impressive credentials. For, India's most populous State has recorded a...

A report of the National People's Tribunal on the 2008 riots in Kandhamal, Orissa, is out. The report that runs into 197 pages points out that the brutality of the violence falls within the definition of 'torture' under international law, particularly the Rome Statute of the International Criminal Court.   According to the tribunal, headed by Justice A P Shah, communal forces used religious conversions as an issue for political mobilisation...