Nobel Laureate Muhammad Yunus resigned as managing director of Grameen Bank, the micro-credit network he pioneered, expressing the hope that it would retain its "independence and character". The government has rejected the demand by the bank's directors that Yunus be made the bank's chairman and has also turned down the argument of the bank being "independent", saying it is subject to the laws governing the banking sector. In his resignation letter made...
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RTI reveals RBI apathy over National Litigation Policy by Vijaysinh Parmar
The National Litigation Policy (NLP) aimed at reducing the cases pending in various courts in India is nine months old, but the Reserve Bank of India (RBI) which is supposed to implement the pro-citizen policy in the banking sector is unaware of it. The Department of banking Operations and Development in the RBI's central office in Mumbai has told a Right to Information (RTI) activist that it does not have any...
More »Satyam auditing not the only slip-up in India, admits Price Waterhouse India by John Samuel Raja & Sangita Mehta
Five audit firms of Price Waterhouse India have admitted to the US markets regulator, the Securities and Exchange Commission (SEC), that deficiencies in their auditing process were not restricted to Satyam Computer , but extended to other companies audited by them in India as well. This disclosure by PW India is in two documents released by the SEC on April 5 while concluding its findings on the Satyam accounting fraud case....
More »"CSE Media Fellowship Deadline Extended"
According to a communication from Papia Samajdar of CSE, the deadline for applying for CSE's Twelfth Media Fellowships - Water Bodies in India: Public Space, Private Designs, has been extended to May 31, 2011. For any clarifications, please contact:Ph: 011-29955124, 29955125, Fax: 011-29955879, 9811906977 Email: papia@cseindia.org or see the Website: www.cseindia.org Water Bodies in India : Public Space, Private Design June 1, 2011 – August 1, 2011 After land, our water bodies...
More »Media support crusade against corruption
There can be little question that the news media, print as well as television, have contributed significantly to bringing the issue of corruption to political India's centre stage. The focus on the corruption of elections through ‘cash for votes' comes in tandem with the proactive intervention by the Election Commission of India during the April-May elections to State Assemblies. There can also be little doubt that the U.S. Embassy Cables,...
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