No one’s buying the government’s desperate arguments to keep the prime minister above Lokpal scrutiny Points Of Friction   Government and civil society representatives have sparred on the question of including the prime minister in the proposed Lokpal Bill on seven key grounds: Point: The Prime Minister is accountable only to Parliament, and to the people of India Counterpoint: Does this mean a PM can never face action for criminal liability, however serious the charge,...

-PTI   A desperate government's efforts failed today to achieve any breakthrough with Baba Ramdev deciding to go ahead with his indefinite fast here from tomorrow amidst indications that a compromise was likely in a day or two. For nearly five hours, two senior union ministers Kapil Sibal and Subodh Kant Sahay negotiated with the yoga guru over his demands on eradication of corruption at a posh hotel, a venue totally different...

-The Times of India   While participation of the Anna Hazare group in the drafting of the Lokpal Bill to check corruption in public life is uncertain, the government is set to draw a line that will see a conditional inclusion of the prime minister and exclusion of higher judiciary and actions of MPs in Parliament. Despite having opened the web of consultations wide with finance minister Pranab Mukherjee seeking the opinions...

The Union government will set up an independent financial institution to give funds for effective functioning of the self-help groups (SHGs) and better empowerment of the rural poor. UPA chairperson Sonia Gandhi announced this while launching the National Rural Livelihood Mission (NRLM), which will be funded through financial institutions. As of now, banks will be mobilised to extend loans to the tune of Rs. 6,800 crore this year at subsidised rates...

The World Bank has cleared a $975-million (Rs 4,387 crore) loan for a pet rail project of Mamata Banerjee, the funds signal flashing at a time Bengal is on the lookout for affordable funds. The loan is meant for the first phase (Ludhiana-Mughal Sarai) of a dedicated high-speed freight corridor that will eventually link Calcutta and Delhi. But those familiar with the World Bank’s operations suggested that the approval could be more...