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Lokpal to help RTI: CIC

-The Times of India   If the proposed Lokpal will cure administration, RTI will help it. Hence both were complimentary to each other, said Satyanand Mishra, chief information commissioner (CIC), government of India.  The government wants that the corporate houses should also abide by the Right to Information (RTI) Act, falling on then lines of the government offices.  Mishra said that India Inc will also have to accept transparency and for this they can...

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Centre doubles sop for UP weavers to Rs 6,000 crore

-The Times of India The Centre on Saturday announced a Rs 6000-crore package for the handloom sector, doubling the announced financial relief, in what is seen as an outreach to the weaver community with authorship of Rahul Gandhi ahead of crucial UP elections. The sop increased with the government including individual loan defaulters, who are not part of a cooperative for loan amnesty, and in giving incentive for timely payment of loans...

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RBI asked to name top 100 defaulting industrialists by Anuja & Remya Nair

The commission has now directed RBI to furnish the information by 10 December to the applicant and publish it on its website by the month-end The Central Information Commission (CIC), which enforces the Right to Information Act, has directed the central bank to make public the names of the top 100 industrialists who have defaulted on loans taken from public sector banks. The Reserve Bank of India (RBI) had declined to disclose...

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The mystery of the boom in farm credit by Anil Padmanabhan

The spurt in farm credit by commercial banks, including regional rural banks, has interestingly not led to any let-up in distress in the agrarian economy -- a mystery that continues to baffle academics, policy planners and, more recently, bankers Last week, a clutch of bankers and policy wonks gathered in Bangalore to review recent trends in farm credit. On the face of it, credit to the farm sector is on an...

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Tribal farmers resorting to suicide by S Harpal Singh

Failure of crops due to continuing dry season spells doom in agency The damning trend of farmer suicides seems to have arrived even in the agency areas of Adilabad district following the failure of cotton crop this season. As many as six of the 13 cotton farmers to have committed suicide since August 29 belong to the Banjara and Gond tribes. This is the first time when so many suicides among tribal...

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