Two months after the crisis in the microfinance industry broke out, resulting in the possibility of bank loans to the sector becoming non-performing, the government now wants to do a reality check. Last evening, the finance ministry dashed off a letter to public sector banks, Small Industries Development Bank of India and National Bank for Agriculture and Rural Development, asking them to furnish data on how much exposure they have to...

A panel discussion organised here on Friday by The Editors Guild of India, the Press Association, the Press Club of India and the Indian Women Press Corps on “Radia tapes and journalistic ethics” turned into a slanging match between journalists and Editor-in Chief of CNN-IBN Rajdeep Sardesai after he pitched in strongly for Barkha Dutt and Vir Sanghvi, saying they had been judged guilty without corroborative evidence. On the panel...

Agricultural Debt Wavier and Debt Relief Scheme (ADWDRS-2008), which was introduced by the Union Government in 2008 to provide debt relief to farmers, has backfired in Chickballapur district. Under the belief that the Government would come out with a similar debt wavier/relief scheme in the future, a majority of farmers have stopped repaying fresh agricultural loans they have taken during 2008-09 and 2009-10, subsequent to the implementation of ADWDRS-2008. Thereby, many farmers,...

The Judicial Standards and Accountability Bill providing for a mechanism to deal with complaints against judges of High Courts and the Supreme Court was tabled in the Lok Sabha on Wednesday by Law Minister Veerappa Moily even as Opposition MPs were demanding a JPC probe into the 2G spectrum scam. The Bill sets judicial standards and makes judges accountable for their lapses and mandates judges of the High Courts and the...

Advocates of liberalisation argue that by reducing state intervention and increasing transparency economic reform reduces corruption. Recent allegations of corruption suggest that this may not be true. In a season for scandal, allegations of large scale corruption have captured political India's attention. The instances to which such allegations relate are many, varying from the sale of 2G spectrum and the mobilisation and/or disposal of land and mining resources to purchases made...