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Govt plans merger of more regional rural banks by AJ Vinayak

Following a move by the Central Government to further amalgamate regional rural banks (RRBs) in the country, employee unions are demanding the formation of a National Rural Bank of India (NRBI), by amalgamating all RRBs and de-linking of RRBs from the sponsor banks. Ministry view In a letter dated November 28 to the chairmen of sponsor banks of RRBs, the Department of Financial Services, Ministry of Finance, said that currently there are...

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“The torture, humiliation is something we can never forget …”

-The Hindu   Say youths, accused of involvement in Jaipur blasts, declared innocent now Two-and-a-half years ago, Rajasthan Chief Minister Ashok Gehlot announced in a national conference on internal security in New Delhi that the horrifying case of serial blasts in Jaipur on May 13, 2008 — in which 69 persons were killed — stood resolved with the arrest of “radical youths” in Delhi and Uttar Pradesh as well as some Students Islamic...

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Kudankulam plant being maintained in safe mode: Atomic energy board chief

-The Hindu   All measures have been taken to maintain the safe mode of critical systems with skeletal staff at the Kudankulam Nuclear Power Plant in spite of work coming to a halt at the project site following protests, S.S. Bajaj, Chairman, Atomic Energy Regulatory Board (AERB), said on Thursday. Interacting with the media on the sidelines of the 43rd annual conference of the Society of Nuclear Medicine (India), Dr. Bajaj said that...

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FDI in retail to benefit Indian farmers, citizens: US

-The Indian Express   Supporting the ongoing discourse in India over the issue of FDI in the retail sector, the United States has said even though it is of view that this is in the benefit of India, it would desist to comment on India's internal affairs. "I think they have to work through their domestic political process and I don't want to comment on their internal affairs at this point," the Under...

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Lopsided growth by Venkitesh Ramakrishnan

U.P.'s GDP grew at 7.28 per cent in the past five years, but the State ranks low in virtually every area of socio-economic development. IF statistics on gross domestic product (GDP) are the only criteria to evaluate the performance of a government, the Mayawati-led Bahujan Samaj Party (BSP) government in Uttar Pradesh will have to be rated as one with highly impressive credentials. For, India's most populous State has recorded a...

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