-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...

Two days after major opposition parties extended their support to the demand for a strong Lokpal (ombudsman) as proposed by the anti-graft crusader Anna Hazare during his one day fast at Jantar Mantar, Uttar Pradesh (UP) chief minister and Bahujan Samaj Party (BSP) supremo Mayawati also offered her conditional endorsement. Mayawati on Tuesday rejected the Parliamentary Standing committee's report on Lokpal bill. She described the Lokpal report drafted by the committee...

-The Deccan Herald   Farmers have demanded a compensation of Rs 50 lakh per acre for their land notified for acquisition by the Karnataka Industrial Areas Development Board (KIADB) for the Vemgal Industrial Area in the taluk. V R Sudarshan, MLC, who submitted a memorandum to Deputy Commissioner Manoj Kumar Meena on Monday, said the KIADB should leave no room for controversy in the process of acquiring the land. He said the KIADB had offered...

-The Times of India   The government has endorsed a recommendation of Parliament's standing committee to restrain judges from making baseless comments against constitutional and statutory bodies and their functionaries even in cases which don't concern them directly. The decision forms part of the Judicial Standards and Accountability Bill that is to be discussed by the Union Cabinet on Tuesday. The government has also expanded the standing committee's recommendation that close relatives of judges...

-IBN   The much hyped Unique Identification (UID) project led by Nandan Nilekani has run into trouble after the Parliamentary Standing Committee on Finance rejecting the National Identification Authority of India Bill, 2010 in its present form. The committee headed by Yashwant Sinha pointed out several anomalies in the existing bill and urged the government to "reconsider and review the UID scheme as also the proposals contained in the Bill in all its...