-The Hindu Business Line A mint-fresh working paper by the Reserve Bank of India once again trains the spotlight on a problem that, for five decades, every policy-maker has planned to snuff out, failed to, and then wished it would go away if ignored. But financial exclusion simply hasn't, and we now have the central bank applying its forensic skills to an examination of its magnitude. The title of Working Paper Series...
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DBT scheme to be launched in 20 districts-Sujay Mehdudia
-The Hindu It is likely to be extended to entire country from October The Petroleum and Natural Gas Ministry on Wednesday announced that the Direct Benefit Transfer (DBT) scheme for the LPG consumers, putting subsidy cash directly into the account of beneficiaries, would be launched in 20 districts with high Aadhaar card penetration from June 1. The scheme is likely to be extended to the entire country from October this year. However, the...
More »Banks suppressing alerts on suspect dealings: RBI probe-Josy Joseph
-The Times of India NEW DELHI: An investigation by the Reserve Bank of India (RBI) into allegations of money laundering by private banks has found large-scale violations ranging from huge cash deposits without PAN to dummy numbers. The probe report, a copy of which is available with TOI, shows that three private players - HDFC Bank, ICICI Bank and Axis Bank - had also hugely suppressed alerts generated by their system on...
More »The food mountain: security or a liability?- Renu Kohli
-Live Mint Exporting one's way out of the surplus is a losing proposition as global prices have fallen rapidly in the past few weeks India held 77.5 million tonnes (mt) of food stocks in its central pool on 1 May. These stocks had reached a record high of 82.4 mt on 1 June 2012, and that level could be crossed if wheat procurement this May is similar to the procurement a...
More »Co-operatives not binding under RTI Act-Neha Pandey Deoras
-The Business Standard Bodies established under the Constitution fall under RTI and hence do co-operatives, but more clarity is needed Bangalore: The recent news about co-operatives coming under the Right To Information (RTI) Act saw many excited activist and individuals. Till now, Maharashtra is the only state to have ratified the 97th Constitutional Amendment that came about in March 2012. Orissa is learnt to have notified the amendment while Gujarat has rejected...
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