Following a move by the Central Government to further amalgamate regional rural banks (RRBs) in the country, employee unions are demanding the formation of a National Rural Bank of India (NRBI), by amalgamating all RRBs and de-linking of RRBs from the sponsor banks. Ministry view In a letter dated November 28 to the chairmen of sponsor banks of RRBs, the Department of Financial Services, Ministry of Finance, said that currently there are...
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Bullion dominates futures market, agriculture at 10% by Sidhartha
Policymakers have repeatedly said that commodity futures help farmers hedge their risks. But data from Forward Markets Commission (FMC), the regulator for the business worth Rs 106 lakh crore during April-October, paints a different picture. The share of agricultural trade is just a tad over 10% and within this, food products such as soya oil and chana accounted for less than 7% of the total value. Of course, the government itself...
More »Status Update? Bad by Debarshi Dasgupta
Assailed from all sides, does the UPA really hope to recover its ‘image’ by muzzling online dissent? Kapil Sibal ko gussa kyon aata hai? Butt of online jokes: Politicians in 'tweaked' cinematic avatars. Out of the frying pan and into the fire. The UPA government has made it something of a fine art. Hardly had the ruckus over the decision to open up the retail sector to FDI died down than...
More »Villagers lay siege to Tamil Nadu's Kudankulam nuclear plant
-IANS Around 1,500 villagers on Saturday laid siege to the Kudankulam Nuclear Power Plant (KNPP) in Tirunelveli district of Tamil Nadu to demand immediate cessation of all work at the SITe, said an activist. " This morning, around 10 people from West Bengal came to Kudankulam and asked for directions to the plant SITe. When villagers enquired about their mission, they said they were labourers hired by a contractor to carry out...
More »Government webSITe on Bhopal gas tragedy shows old figures
-IANS For over a year now a section of a Madhya Pradesh government webSITe has not updated information on the Bhopal gas tragedy. And the facts and figures it gives out are two-three years old. The section of Bhopal Gas Tragedy Relief and Rehabilitation Department, a part of www.mpinfo.org, was last updated Dec 9, 2010, while the facts and figures mentioned on it are of 2008 and 2009. The SITe, which has 10...
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