-The Telegraph   The New York Times has reported that Wal-Mart, the US-based retail giant, hushed up an internal investigation sometime after the company was told of a bribery campaign to obtain licences and facilitate rapid expansion in Mexico. Some of the alleged instances of bribery are certain to ring a bell in India where it is not too difficult to bend rules for a price. The New York Times said its “examination...

-The Telegraph   If you are still not wearing such handcuffs in Bengal, Subha Nava Varsha and read on... Calcutta, April 13: A Jadavpur University professor and a 72-year-old retired engineer have been arrested for allegedly circulating clips of an Internet joke about chief minister Mamata Banerjee and charged with trying to outrage her modesty. Fittingly, the police crackdown got off the ground 40 minutes past the appointed hour for the dreaded midnight knock. The...

-The Times of India Nagaland Police allegedly used fictitious bills to withdraw Rs 4 crore for the procurement of 1,750 fire extinguishers, the Comptroller and Auditor General (CAG) of India said in its annual report tabled in the recently-concluded Nagaland budget session. The report said that the government had sanctioned the funds under major heads-arms and ammunitions-on the basis of the proposal submitted by the office of DGP, Kohima. The office of...

One of the key factors to inclusive growth is financial inclusion for all. Financial inclusion refers to universal access to a wide range of banking solutions and financial services in a fair, predictable and transparent manner at affordable costs. The poor tend to be ignored because the transaction costs in serving them are high. Initiatives that reduce these costs will allow service providers to begin thinking of financial services for...

-Rediff.com    Even while the UPA Government is pushing for two more flagship programmes of food for all and medicines to all, its first flagship programme of the Mahatma Gandhi National Rural Employment Guarantee Act (Nrega) is losing steam. More than 40 per cent of the Rs 40,000-crore (Rs 400 billion) budget sanctioned for it during 2011-12 remained unspent until December, prompting the Finance Ministry to propose a reduced budget for it in...