-The Times of India BHOPAL: If you go by some of the photographs on smart cards used for making payments under the Mahatma Gandhi National Rural Employment Guarantee Scheme in Rewa district, Chhattisgarh chief minister Raman Singh, Shiv Sena leader Uddhav Thackeray, the late ghazal maestro Jagjit Singh and other well-known people are all labourers, though with different names. Many such cards, carrying pictures of celebrities but having names of locals, have...

-The Hindu Business Line A mint-fresh working paper by the Reserve Bank of India once again trains the spotlight on a problem that, for five decades, every policy-maker has planned to snuff out, failed to, and then wished it would go away if ignored. But financial exclusion simply hasn't, and we now have the central bank applying its forensic skills to an examination of its magnitude. The title of Working Paper Series...

-Live Mint Show cause notices to be issued to companies, including Jindal Steel, Tata Power, GVK Power and Jaypee Group The government is set to issue show cause notices to the holders of at least 30 captive coal blocks, according to a senior coal ministry official with direct knowledge of the matter. Companies holding these blocks will be asked to explain why they failed to develop them and if the government is not...

-The Times of India NEW DELHI: An investigation by the Reserve Bank of India (RBI) into allegations of money laundering by private banks has found large-scale violations ranging from huge cash deposits without PAN to dummy numbers. The probe report, a copy of which is available with TOI, shows that three private players - HDFC Bank, ICICI Bank and Axis Bank - had also hugely suppressed alerts generated by their system on...

-The Hindustan Times The UPA government intends to put the world's biggest job guarantee programme - MGNREGA - on its "game-changer" money transfer platform - the Direct Benefit Transfer (DBT) from this October. That would happen if the government agencies are able to provide unique identification or Aadhaar numbers to entire population in 51 districts, where the government intends to put MGNREGA under DBT mode, and the banks and posts offices come...