The Rs.3,884-crore package for the handloom sector, which includes one-time waiver of overdue loans and interests, approved by the Union Cabinet, is expected to benefit about 3-lakh weavers and 15,000 cooperative societies, which would have access to institutional credit once again. However, the package will benefit only those who took loan before March 31, 2010. “There would be many weavers who had no access to institutional credit in the past and...

Foreign direct investment in education has been stuttering in India more than a decade after it was allowed, apparently because education is a not-for-profit sector where surplus revenue has to be ploughed back into expanding the institution. India’s education sector has witnessed significant expansion since the government approved FDI in April 2000, thus providing a huge opportunity for investment. Yet FDI remained zero in the first three years, increased till 2008-09...

-The Business Standard   The new Bill will set back the cause of food security - while wrecking central finances. The Food Security Bill cleared by the Union Cabinet for introduction in Parliament seems irrational and impractical by parts. It seeks to provide a statutory right to highly-subsidised food for 75 per cent of the rural population, with 46 per cent in the “priority” category, or below the poverty line (BPL); and to...

-IANS The food security bill, that seeks to legally entitle majority of India's population to cheaper foodgrains, is not sustainable as it would put further pressure on fiscal deficit and worsen inflation, an Asian Development Bank (ADB) official said on Tuesday. "While the purpose of ensuring food security to the poor is laudable, the food security bill is not the right mechanism for it," said Biswa Nath Bhattacharyay, lead professional, Asian Development...

-PTI Under the proposals, the Prime Minister will be under the purview of the Lokpal with certain safeguards that will keep out aspects like international relations, public order, atomic energy, space, internal and external security from the inquiry. Probe on any complaint against the Prime Minister will be decided by the full bench, of which at least three-fourth should agree. The probe will in-camera and if a complaint is dismissed, the records on...