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Where development hasn’t quite reached by Bhamati Sivapalan and Yamini Deenadayalan

After being mired in controversies across the nation over multi-crore scams, the MGNREGA scheme hasn’t quite made headway in Bulandshahr district’s Anupshahr yet, say Bhamati Sivapalan and Yamini Deenadayalan “MGNREGA is a flop in Uttar Pradesh,” extended NGO worker Manish Sharma, as small talk, at the block development office of Anupshahr in the Bulandshahr district of Uttar Pradesh. Despite having been in force since 2005, the Mahatma Gandhi National Rural Employment...

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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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Asset quality, less credit to rural areas a concern: RBI

-The Economic Times   The Reserve Bank today expressed concern over asset quality of banks and lower credit flow to rural areas, despite the fact that performance of Indian banks improved during the 2010-11 period.  In its report titled 'Trend and Progress of Banking in India 2010-2011', RBI said that the Indian Banking sector demonstrated continued revival from the peripheral spill over effects of the recent global financial turmoil in 2010-11, but despite...

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Centre allows cash payment of MGNREGA wages by K Balchand

The UPA government has decided to allow cash payment of wages to workers under the Mahatma Gandhi National Rural Employment Guarantee Act in a desperate bid to increase demand for jobs that had gone down due to delayed payment of remuneration. Union Minister for Rural Development Jairam Ramesh on Monday made the announcement stating that the facility would be allowed in all the 60 left wing extremist (LWE) affected districts where...

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PILs can't be based solely on RTI information: SC by Dhananjay Mahapatra

Information obtained under Right To Information Act is increasingly becoming the basis of public interest petitions seeking judicial redress of grievances. The Supreme Court on Monday disapproved of this modus operandi and said from now, it would not entertain PILssolely based on RTI information. "Petitioners Banking on information obtained through RTI Act must approach the concerned ministry, bring the facts to its notice and demand justice. If the ministry does not...

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