Some Dalit businessmen plan to launch a Rs 500 crore venture capital fund — India’s first community-focused fund. The Central government’s new procurement policy will open business opportunities worth Rs 7,000 crore for Dalit and s (ST) entrepreneurs. These entrepreneurs are now gearing up to tap this opportunity by launching their own venture capital fund and increasing their production capacities. The proposed Rs 500 crore venture capital fund will be the country’s...

The winds of democracy are making it harder for India to negotiate the construction of mega hydel projects in Bhutan. Fixing terms and conditions for bringing power from Bhutan was a cakewalk with the first three hydel projects five years ago. With newspapers other than the Kuensel , a tiny but vocal Opposition in Bhutanese Parliament and exiled leaders raising issues relating to sovereignty, Indian officials are now having to work...

The government's decision to set aside a 20 per cent quota for SC/ST vendors in its purchases, if accepted by every sector on a wider scale, has the potential to makegrowth pro-poor and inclusive. The Central government has finally announced a policy reserving 20 per cent of its purchases for micro and small enterprises run by entrepreneurs belonging to the Scheduled Castes and the Scheduled Tribes. The new procurement policy will...

Two confederations that represent most Indian Christians have voiced fears that Team Anna’s version of the proposed Lokpal law will disturb the separation of powers among the three wings of democracy. In a memorandum submitted to the Centre, the National Council of Churches in India (NCCI) and the Catholic Bishops Conference of India (CBCI) also suggested ways to strengthen the government’s Lokpal bill, which they said was weak. The confederations said though...

The number of backward caste members eligible for reservation benefits may see a quantum jump, with the Centre considering a drastic relaxation of the definition of "creamy layer" to enable those with an annual income of Rs 12 lakh in metros qualify for quota benefits. The eligibility level is proposed to be raised to Rs 9 lakh in non-metro cities, marking a two-fold hike from the existing ceiling of Rs 4.5...