-Live Mint Cabinet clears proposal to give loans at 7% interest rate, and 4% if SHGs repay loans within the stipulated period The federal cabinet has cleared a proposal to give loans to women self-help groups (SHGs) at 7% interest rate, cheaper than the existing 11.5-14%, bringing the cost of loans on a par with those given to farmers. SHGs that repay loans within the stipulated period will be eligible for loans at...
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Vinod Rai, Comptroller & Auditor General interviewed by The Business Standard
-The Business Standard Comptroller & Auditor General Vinod Rai, who has put the government on the mat several times in the past three years, says an auditor is meant to be adversarial. On the sidelines of the inauguration of the International Centre for Environment Audit and Sustainable Development in Jaipur on Saturday, Rai, whose term as the CAG ends on May 22, spoke to journalists about his stint, retirement plans and...
More »Reality check on land -Yoginder K Alagh
-The Indian Express Law on land acquisition will reduce distortions in the use of a scarce resource Land records are in a mess in most states. While satellite IMAgery can yield an authentic IMAge of the plots, it cannot determine ownership. The land acquisition issue is nearing the end of its first phase. With the government accepting key BJP demands, a consensus has been evolved and the Land Acquisition, Rehabilitation and Resettlement Bill...
More »A constitutional contradiction-Manoj Rai
-Live Mint Why do the central and state govts deliberately undermine the constitutionally created panchayats? The collector of any district in India would be heading 100 to 150 committees related to various development initiatives in the area. Collectors often don't get time to prepare for or preside over the meetings of these committees-IMAgine what happens to implementation then. On the other hand, the heads of district panchayats and municipalities in the...
More »Building euphoria-HIMAnshu Upadhyaya
-Frontline But in Modi's Gujarat the difference between development and darkness is all too visible to those who care to see. NARENDRA MODI may have won three consecutive elections and ruled Gujarat for more than a decade after he was posted there almost as a night watchman, to borrow a cricketing expression. He may have mobilised a massive fan following that is shouting to catapult him into the Prime Minister's post,...
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