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Bitcoins like Ponzi schemes: Govt

-The Times of India NEW DELHI: The government on Friday cautioned people against the risk of virtual currencies, saying they are not legal tender and do not have any regulatory permission or protection in India.   In one of the sternest warnings by the authorities, the government said virtual currencies are not backed by government fiat. The caution comes against the backdrop of a surge in interest in such instruments, fuelled by astronomical...

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Parliament panel okays bill to increase traffic fines by 10% every year -Moushumi Das Gupta

-Hindustan Times Drunken driving will invite a fine of Rs.10,000, talking on phones while driving will result in a fine of Rs.5,000, and for jumping red light, driving without seat belt and helmet, the proposed fine is Rs.1,000. A parliamentary panel has agreed to a 10% annual increase in the fines for various traffic violations including drunken driving, talking on mobile, rash and negligent driving. The panel was studying the Motor Vehicles (Amendment)...

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Slack food safety could be risking pubLIC health: CAG -Zia Haq

-Hindustan Times Audit report says most food testing labs in country are ill-equipped. The Comptroller and Auditor General (CAG), India’s constitutionally mandated federal auditor, has cited serious lapses in enforcing food-safety norms in the country, which, it said, could be putting pubLIC health at risk. A majority of the country’s food-testing laboratories were poorly managed, the report said. It found that 65 of the 72 state-wide food laboratories were not accredited to the...

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Can farmer producer groups replace arhtiyas, push crop diversification? -Vibhor Mohan

-The Times of India CHANDIGARH: Agri marketing in Punjab is unimaginable without commission agents (arhtiyas). But a section of farmers in the state are beginning to respond to farmer producer organizations' (FPOs) attempt at marketing as an alternative to the traditional direct selling. The move is also expected to help farmers break the wheat-paddy cycle and take to growing vegetables. A study sponsored by National Bank for Agriculture and Rural Development (NABARD)...

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Meet India's first and only LICensed fisherwoman, KC?Rekha -Ramesh Babu

-Hindustan Times KC Rekha may have become a fisherwoman out of necessity, but she’s come to love her profession, despite the odds and uncertainty, despite her life being as complex as the tangled net in her vessel. Thrissur (Kerala): KC Rekha, a 45-year-old mother of four sits alone on an isolated beach of a Kerala fishing village at the crack of dawn, untangling a mess of nylon fishing nets on which her family’s...

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