The National Bank for Agriculture and Rural Development (Nabard) set up to finance agriculture and rural development, has been giving evasive replies to specific questions raised by the Union finance ministry and by Parliament on the nature of recommendations made by the Boston Consulting Group (BCG) to restructure the bank. Some MPs believe that the restructuring violates the role mandated for Nabard by Parliament. DNA earlier reported that the restructuring/repositioning of Nabard...
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Study Shows Unique ID’s Reach to India’s Poor-Amol Sharma
When India embarked on its “unique ID” project in the fall of 2010, pledging to distribute unique 12-digit numbers to 1.2 billion people, the hope was that hundreds of millions of Indians who don’t have a passport, driver’s license or other credible identity document would get one – and with it, a ticket to essential government and private sector services. A new survey led by Arun Sundararajan, a professor at New...
More »Inflation takes away ‘feel good factor’, one-third Indians suffering: Survey-Sidhartha
High inflation and moderate economic growth seem to have taken away the "feel good" factor for many Indians. Gallup's Financial Wellbeing Index, released on Monday, showed that 31% of Indians rated their present and future lives as "suffering" compared to 24% in 2011. Similarly, only around 13% said that they are "thriving" compared to 21% a year ago. The biggest jump in the "suffering lot" is in the middle 20% population, where...
More »Leniency for tall-claim builders-Sobhana K
The government has removed from a proposed bill a clause that would have made builders liable to be jailed for making false promises about houses to customers, housing ministry sources have said. The initial draft of the Real Estate (Regulation and Development) Bill, which is awaiting cabinet clearance, provided for a jail term of up to three years as well as a compensation of up to 10 per cent of the...
More »HC tells private schools to follow RTE Act
-Express News Service Chandigarh: Making it clear that the Right to Education (RTE) Act will have an overriding effect on all other regulations on the reservation of seats for the economically weaker sections (EWS), the Punjab and Haryana High Court has told the private schools to comply with the RTE Act and the latest Supreme Court judgment on the Act. Disposing of a bunch of petitions filed by private schools challenging various...
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