-The Hindu Those opposing Justice Katju’s suggestion of minimum qualifications for journalists are out of touch with reality Some years ago, the journalism entrance test at a career development institute in Mumbai had this objective-type question: Kofi Annan is (a) a Nigerian footballer (b) lead singer of a Sierra Leone pop group (c) a Sri Lankan delicacy (d) Secretary-General of the United Nations. The 100-odd candidates who appeared for the test were...
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New papers show PMO analysed and agreed with Raja’s actions before 2G scam-Shalini Singh
-The Hindu Will Manmohan distance himself from PMO officials as he did from Raja? New evidence shows that Prime Minister Manmohan Singh, far from being “at arm’s length” from ex-Telecom Minister A. Raja’s controversial 2G decisions, had directed officials in the PMO to “examine urgently” Mr. Raja’s letters outlining his intended decisions which eventually led to the 2G scam on January 10, 2008. Investigation now reveals that senior PMO officials had supported...
More »Private banks reluctant about rural lending -Dinesh Unnikrishnan
-Live Mint Experts say private banks achieve lending obligations by buying out loans from non-banking entities Most private banks in India have not been able to meet the needs of farmers although they are expanding their rural and semi-urban branch network. This is why the Reserve Bank of India (RBI) is insisting that at least one-fourth of the branches of the new banks that will be given a licence must be located...
More »'Rural wage hike pushing inflation, posing challenge for RBI'
-PTI About 20 per cent increase in wage inflation is building up price pressure on food articles and is posing a big challenge for RBI to cut policy rates, an industry body said today. "Near 20 per cent annual increase in the wage inflation in rural areas is building up price pressures on food articles like cereals, rice and wheat, and is posing a big challenge for the Reserve Bank which is...
More »India’s rich are the problem-CP Chandrasekhar
-The Hindu Even as the Reserve Bank of India (RBI) frets over the high rate of inflation and wards off pressures to cut Interest rates, it is faced with another challenge. Balance of payments data for the second quarter of 2012-13 show that the current account deficit continues to rise, and has touched a record 5.4 per cent of GDP. Both of these developments that would be considered signs of “overheating”...
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