It will provide credit risk guarantee to banks on the loans Prime Minister Manmohan Singh on Tuesday announced that the Centre was considering setting up a credit risk guarantee fund with a corpus of Rs. 1,000 crore, to start with, to encourage banks to lend to the poor for housing. Emphasising that developing housing for the poor was critical for sustainable urban development, he said: “To encourage banks to lend in significant...

-The Times of India   The government has endorsed a recommendation of Parliament's standing committee to restrain judges from making baseless comments against constitutional and statutory bodies and their functionaries even in cases which don't concern them directly. The decision forms part of the Judicial Standards and Accountability Bill that is to be discussed by the Union Cabinet on Tuesday. The government has also expanded the standing committee's recommendation that close relatives of judges...

Two days after major opposition parties extended their support to the demand for a strong Lokpal (ombudsman) as proposed by the anti-graft crusader Anna Hazare during his one day fast at Jantar Mantar, Uttar Pradesh (UP) chief minister and Bahujan Samaj Party (BSP) supremo Mayawati also offered her conditional endorsement. Mayawati on Tuesday rejected the Parliamentary Standing committee's report on Lokpal bill. She described the Lokpal report drafted by the committee...

One hopes that the hotly contested Lokpal Bill will reach its final denouement during the winter session of Parliament. In fact, the debate on corruption in Parliament and media has focused on the single demand for the establishment of an omnipotent institution of the lokpal with its powers of enforcing the citizen’s charter, establishing state-level lokayuktas and encompassing the bureaucracy from a peon to head of the department. It has...

From the beginning of the proceedings today, speakers from Team Anna appeared to be pressing home one point above all: they had returned to Jantar Mantar with an agenda larger than the (Jan) Lokpal. The Bill must be passed this winter session, or else there would be a “jail bharo aandolan”, said Anna. “Not a single jail will remain empty,” he promised. But the larger goal was another law, or...