-Live Mint Experts say private banks achieve lending obligations by buying out loans from non-banking entities Most private banks in India have not been able to meet the needs of farmers although they are expanding their rural and semi-urban branch network. This is why the Reserve Bank of India (RBI) is insisting that at least one-fourth of the branches of the new banks that will be given a licence must be located...
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Granaries full, but cereal prices up 20% -Surojit Gupta & Sidhartha
-The Times of India The Centre is blaming state governments for a near 20% rise in cereal prices despite overflowing granaries that have record stocks, and suspects that hoarding and high state levies are causing the spike. The latest wholesale price inflation data showed that the price increase in this segment was estimated at over 19%. According to the consumer price index, inflation is of the order of 17%. Last month, Food...
More »SC raps Punjab, Bihar over police brutality-Utkarsh Anand
-The Indian Express The Supreme Court on Monday asked the Centre, state governments and Union Territories on the status of police reforms till date. Citing its 2006 order on the issue that included enhanced police accountability, the court asked all chief and home secretaries and DGPs to file their responses on the extent of compliance within a week. A Bench led by G S Singhvi directed the Punjab DGP to file his own...
More »Was she a terrorist? Supreme Court slams cops for beating this woman -A Vaidyanathan and Prasad Sanyal
-NDTV The Supreme Court today rejected the Punjab government's explanation for how it will investigate police officers who were caught on camera thrashing a young woman near Amritsar. "Was she a terrorist?" the judges asked angrily. The state government said that a magistrate will determine accountability for the beating on the roadside last week, which was filmed on a cell-phone by a passer-by, and broadcast on news channels including NDTV. " What will the...
More »It is just not just -Sanjoy Hazarika
-The Hindustan Times Enacted in 1958 to deal with the Naga uprising in the then composite state of Assam, the Armed Forces (Special Powers) Act (AFSPA) was reviewed by the Justice BP Jeevan Reddy Committee in 2005, which recommended that it be scrapped. The Reddy report remains untabled in Parliament, despite the recent outcry, triggered by the Justice Verma Committee’s view that the Act needs to be reviewed (in the light...
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