The National Bank for Agriculture and Rural Development (Nabard) set up to finance agriculture and rural development, has been giving evasive replies to specific questions raised by the Union finance ministry and by Parliament on the nature of recommendations made by the Boston Consulting Group (BCG) to restructure the bank. Some MPs believe that the restructuring violates the role mandated for Nabard by Parliament. DNA earlier reported that the restructuring/repositioning of Nabard...

Global retail chains looking to set up shop in India may face several challenges such as delay in the implementation of goods and services tax and restrictions imposed by the Agricultural Produce Marketing Committee (APMC) Act, besides political opposition. These hurdles can be roadblocks in providing real benefits to farmers and consumers as intended by the government in opening the multi-brand retail sector to foreign direct investment. “GST (goods and services tax)...

Government proposes to provide basic insurance coverage to an estimated 43 crore unorganized workers Furthering the United Progressive Alliance (UPA) government’s objective of inclusive growth, the National Advisory Council (NAC) headed by Congress president Sonia Gandhi will discuss ways of bringing India’s unorganized workers under the social security net in its meeting on 29 November. A new NAC working group on social security is working on draft recommendations that will seek to...

A committee headed by Planning Commission member Arun Maira, the former head of The Boston Consulting Group in India, wants all acquisitions of Indian pharmaceutical companies by foreigners to be scanned by the Competition Commission of India or CCI. The report will now be sent to Prime Minister Manmohan Singh and Planning Commission Deputy Chairman Montek Singh Ahluwalia. Prime Minister Singh is expected to take a final view on the...

There’s no outrage when law, policy are outsourced to corporates IN order to get our perspective on issues of national importance right, we could do well to turn our ears from the din created by vested interests. The unduly vehement questioning of the process of concerned citizens (or “civil society”) engaging in legislative and policy consultations is exactly the sort of noise we must not allow to deflect our attention...