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Government pushes banks to go rural, but will it pay?-Swati Pandey and Rajendra Jadhav

-Reuters RANCHHODPURA, India (Reuters) - Working out of a tiny rented room furnished with a wooden table, small biometric authentication machine and shelf stacked with passbooks, Ganesh Dangi is a one-man bank for a village of 650 people in northwestern Rajasthan. A business correspondent, or local representative, for State Bank of Bikaner and Jaipur (SBBJ) in Ranchhodpura village, 40 km (25 miles) east of Udaipur, Dangi is racing to sign up villagers...

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Street vendors of Delhi unite to protest against "police terror"

-The Hindu Demand institution of murder charge against the Mumbai ACP Vasant Dhoble The street vendors of Delhi launched a nation-wide campaign against “police terror” on Sunday, demanding that the police be made accountable to the public. Under the umbrella of the National Association of Street Vendors of India (NASVI), they formed a human chain at Parliament Street to demand institution of murder charge against the Mumbai Assistant Commissioner of Police (ACP) Vasant...

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Union Ministries Roped in to Safeguard Interests of Elderly

-Outlook The Social Justice Ministry has asked some of the key Central ministries to take necessary steps to safeguard the interests of senior citizens and ensure their financial, health and personal securities. The move comes following recommendations of the ministry's first 'National Conference on Ageing' in this regard. The Social Justice and Empowerment Ministry has forwarded its recommendations to Union ministries such as Home Affairs, Finance, Health and Rural Development to take steps...

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Surrogacy and homophobia: India bans gay parents -Sandip Roy

-FirstPost.com Aditya Advani always knew that he wanted to have children. He also knew he was gay. Twenty years ago gay marriage was just a fantasy. Few gay couples had children – whether their own or adopted – even in the US where Advani had emigrated. But that did not deter him from bringing up the subject with potential boyfriends such as Michael Tarr, the man who is now his partner. “The...

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IMF says India shouldn’t rush to give banking licences to conglomerates-Remya Nair and Asit Ranjan Mishra

-Live Mint The International Monetary fund (IMF) has warned India against licensing corporate entities to step into the business of commercial banking, saying the risks associated with such a move potentially outweigh the benefits of creating more banks. IMF’s Financial System Stability Assessment Update said it would be prudent for India to first put in place and gain sufficient experience in implementing a comprehensive framework for the purpose before considering the entry...

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