Even before the Reserve Bank of India (RBI) finalizes the guidelines for handing out new bank licences, its draft proposal has evoked unease in the National Bank for Agriculture and Rural Development (Nabard), which oversees the country’s 82 regional rural banks (RRBs). Nabard has taken exception to the banking regulator’s proposal to allow industrial houses to take over RRBs and convert them into full-fledged banks, saying such a move could dilute...

Society for Unaided Private Schools of Rajasthan proposed amendment of various provisions of the Right of Children to Free and Compulsory Education Act 2009 on Monday. The society submitted its objection to the drafted rules to the commissioner of Rajasthan Parambhik Shiksha Parishad at Shiksha Sankul. It said private schools should not be given additional responsibility for providing free text books to the children of reserved category. The society also opposed Part...

The National Advisory Council, headed by Congress President Sonia Gandhi, on Saturday settled for a much less ambitious National Food Security Act than it had previously agreed to. Scaling down its recommendations, it decided to recommend subsidised foodgrains for 46% of the rural Indian population and 28% of the urban population. The pruning of the recommendation had an immediate fallout, with the NAC member Jean Dreaze, face of the right-to-food security campaign,...

In a few days from now, women could account for 52 per cent of all local bodies. They are tailors, farmers, accountants, legal clerks, homemakers, vendors and activists. There are M.Com degree holders alongside poor women from deprived backgrounds. Together, they make up the most highly educated women candidates fighting local body elections anywhere in the country. There are nearly 40,000 of them contesting the polls across more than 1,200...

Punjab Chief Minister Parkash Singh Badal and the farm lobby reacted sharply today to the Centre’s announcement of the Minimum Support Price for Wheat. The Centre yesterday had announced a nominal hike of Rs 20 in the MSP, fixing it at Rs 1,120 per quintal. Describing it as a ‘stab in the back’, the Punjab CM claimed that the MSP fixed for wheat is lower than the rate at which the...