Giving a twist to the series of probes by the CBI and the queue by the accused to secure bail from lower courts, a CBI court judge was suspended by the Andhra Pradesh high court for allegedly accepting bribe to grant bail to mining baron Gali Janardhan Reddy. The high court on Thursday suspended T Pattabhirama Rao, first additional special judge for CBI cases, Hyderabad. However, the high court did not...

-Reuters SUPALI: Two years ago, Vilas Yelmar took out a 200,000 rupee ($3,610) bank loan to develop a small grape orchard in a dusty hamlet southeast of Mumbai. The bank has repeatedly asked for the loan to be repaid, but Yelmar, whose annual income has risen to 2 million rupees, has spent the money on a new sport utility vehicle and a lavish family wedding. He is one of an increasing number...

Now that the SC has upheld the 25 per cent clause, Centre and states must work on implementation Now that the Supreme Court has upheld the constitutional validity of reservation of 25 per cent of admissions at the entry-level in private unaided schools for disadvantaged sections, focus should shift to the implementation of this provision. The Right to Education Act stipulates that private unaided schools “shall be reimbursed expenditure so incurred...

Delhi high court to hear central bank challenge to CIC order seeking information on defaults by top industrialists The Reserve Bank of India (RBI) has challenged an order by the Central Information Commission (CIC) asking the central bank to disclose names of the top 100 industrialists who have defaulted on loan repayments. In a writ petition to the Delhi high court, which is scheduled to be heard on 29 May, the central...

Forty-eight thousand farmers, members of twelve hundred co-operative credit societies in Kolhapur district, are up in arms against the National Bank of Agriculture and Rural Development (Nabard) which has asked the Kolhapur district central co-operative bank (KDCC) to recover loans that have already been waived under the union government’s loan waiver scheme four years ago. In a rally held on Saturday, the farmers decided to resort to a massive agitation against...