-Outlook Describing the government's ambitious direct cash transfer scheme as a "powerful tool", Reserve Bank Deputy Governor K C Chakrabarty has said the initiative will help reduce fiscal deficit, which in turn will also bring down inflation if implemented well. "The direct cash transfer scheme will reduce the fiscal deficit, which in turn will facilitate inflation control," Chakrabarty, the senior-most of the four deputy governors at the Mint Road, told PTI in...
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Lobbying row: no improper conduct on our part in India, clarifies Bharti Walmart
-PTI Bharti Walmart, the Indian arm of the US retail giant Walmart, on Wednesday said the allegation that routine US lobbying disclosures reflects improper conduct on its part in India are false. "This disclosure has nothing to do with political or governmental contacts with Indian Government officials," a Bharti Walmart Spokesperson said in a statement. The disclosures to US regulators showed that company's business interests in India was discussed with American officials along...
More »US defends Walmart lobbying
-PTI Amid controversy over reports that Walmart spent nearly Rs. 125 crore for lobbying with legislators to get access to the Indian market, the U.S. has said the global retail giant did not violate any American law as far as the matter is concerned. “On the U.S. side, I don’t have any reason to believe that we have a violation of U.S. law here. With regard to the Indian side, I’ll refer...
More »‘Substantially’ funded NGOs to make info public under RTI Act-Ashwani Sharma
-The Indian Express Shimla: In a landmark judgement having wider implications on government-funded NGOs and organisations run on public contributions, the State Information Commission (SIC) on Friday ruled that all “substantially” financed NGOs (receiving over Rs 1 crore from state or government grants) are public authority under the Right to Information (RTI) Act and must make their annual ‘income and expenditures’ public. In the Commission’s order, passed by a two-member bench of...
More »Rural India in poverty, Jairam Ramesh blames private health sector
-The Indian Express Lamenting the virtual collapse of public health system in major parts of the country, Union Minister Jairam Ramesh today said rural families are falling into debt trap due to expensive private health sector. In large parts of the country, particularly in central and eastern India and in tribal belts, he said public health system is "not abysmal but has collapsed". "Indebtedness caused by private health sector is one of the...
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