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Wheat glut: farms face falling prices, rising costs-Ruchira Singh

-Live Mint After a record harvest of 90.23 mt this year, the govt’s wheat stocks were at 38.2 mt as of 1 May Worry lines run deep on the faces of wheat farmers in Sehrala in Haryana as falling prices, higher input costs and poor infrastructure erode earnings and cast doubt over not just their next crop, but their future in agriculture as well. Agents in the grain market of Ballabgarh said spot...

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RBI, finance ministry differ over rural bank branches-Sangita Mehta

The Reserve Bank of India, RBI, and the finance ministry seem to have differences on the way banks should go about ensuring financial inclusion. While both the regulator and the ministry are passionate about providing banking services at low cost to the disadvantaged, a difference of opinion between the two has confused bankers.  Recently, the finance ministry told banks that every business correspondent outlet should be converted into an ultra-small branch....

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Job portal for disabled-Ananya Sengupta

Soon, the country’s estimated 40 million people with disabilities will be able to track job opportunities at the click of a mouse. www.jobability.org will be launched tomorrow at a national conference on livelihood for persons with disability held by business chamber Ficci. The site is designed to be friendly for the disabled and will be exclusively for use by such people. The portal, the first such initiative in South Asia that...

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UPA struggles to put life into annual report-Sanjay K Jha

The UPA II’s third anniversary on May 22 may witness a repackaging of old schemes, promises and achievements in the “Report to the people” as the government has little to show for 2011-12. Sources say the 13-chapter report struggles to contest the perception of policy paralysis by pointing out social-sector initiatives based primarily on welfare schemes launched during the UPA I regime or in the first year of UPA II. The government...

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Government working on private sector corruption law-Aloke Tikku

In an attempt to bring the fight against bribery to the private sector, the home ministry is working on tough amendments to the anti-corruption law. The amendments, if passed, will be so tough that tipping the parking attendant in your office for a better slot could leave you facing jail time. It will make receiving a gift a crime, if it a court says it was in return for undue...

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