India should look at renewable energy to meet its power needs, Environment Minister Jairam Ramesh has said. In a letter to Prime Minister Manmohan Singh last week, Ramesh drew his attention to a World Bank report on renewable energy in India. The report suggests that renewable energy is an important part of the solution to India's power shortage. The letter gains significance as the coal and power ministries have cited growth...
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CBI to file 80,000-page charge sheet against Raja, others on April 2
The Central Bureau of Investigation on Tuesday informed the Supreme Court that it would file an 80,000-page charge sheet in the 2G spectrum allocation scam against the former Communications Minister A. Raja, four former Telecom officials and two companies on April 2. It was originally proposed to be filed on March 31. Senior counsel K.K. Venugopal told a Bench of Justices G.S. Singhvi and A.K. Ganguly that the agency was still...
More »Dr Arvind Virmani, Affiliate Professor (& Distinguished Senior Fellow), George Mason University (School of Public Policy-CEMP), and Executive Director, IMF interviewed by TCA Srinivasa-Raghavan
Given a positive regulatory environment, banks and other financial intermediaries will certainly be interested in using the smart card opportunity. Dr Arvind Virmani, with a Ph.D. from Harvard and 30 years of professional experience, is one of the most valued economists in the Government. Before he retired as Chief Economic Advisor in 2009, he had served in the Finance Ministry and the Planning Commission. A researcher par excellence, his research papers...
More »New draft of MFI Bill to give more teeth to RBI by Dinesh Unnikrishnan
The earlier draft covered only non-NBFC MFIs incorporated as trusts and non-governmental organizations that constitute a very small part of the total industry The proposed microfinance Bill for governing India’s Rs. 22,000 crore microlending industry is set to give more teeth to the Reserve Bank of India (RBI) to regulate larger microfinance institutions (MFIs). This will be done by removing such entities from the purview of laws enacted by state governments...
More »Haryana gears up for lifting wheat
Haryana government has made all arrangements for smooth procurement of wheat during the Rabi season-2011. The state government was committed to make the payments to farmers within 48-72 hours, said state minister for food and supplies minister HS Chattha here on Thursday. The minister said the state arranged cash credit limit of R7,373 crore for purchase of wheat from Reserve Bank of India. Chattha said that wheat procurement season had been notified...
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