-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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UNDP brackets India with Equatorial Guinea in human development index
-The Hindu However, the country’s value increased 61 per cent from 1980 to 2012 India has been ranked 136 among 187 countries evaluated for human development index (HDI) — a measure for assessing progress in life expectancy, access to knowledge and a decent standard of living or gross national income per capita. The Human Development Report of the United Nations Development Programme (UNDP) for 2013, released on Thursday, puts India’s HDI value for...
More »When schemes turn anaemic -Anumeha Yadav
-The Hindu Despite government programmes, nutrition supplements for women and children are not to be found in Jharkhand’s villages More than two years after she gave birth to her youngest daughter, Shanti Oraon, an adivasi farmer in Bhandara village, Khunti district has been unable to resume working in the fields. “She has breathing trouble, and could not start walking even after she turned two and a half years old. I must stay...
More »TN, UP, Rajasthan to splurge on proprietary software over open source; Microsoft, Adobe, Norton and McAfee get large govt orders- Indu Nandakumar
-The Economic Times India may have policy of preferring free and open source applications, but still the world's largest software maker Microsoft and others, including Adobe, Norton and McAfee, have managed to weasel their way into some of the largest government purchases in the country's history. Tamil Nadu, Uttar Pradesh and Rajasthan are in the process of procuring over eight million laptops preloaded with proprietary software in clear violation of India's national...
More »Plan to plug lease loophole-Basant Kumar Mohanty
-The Telegraph A government panel has recommended mandatory registration of all lease agreements and power of attorney documents to ensure revenue augmentation. At present, only lease agreements for a year and more need to be compulsorily registered. Registration of power of attorney documents is optional. If the proposal is accepted, it will mean that some of the ubiquitous 11-month rent agreements will lose their sheen. Some landlords prefer the 11-month tenure as registration...
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