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PWD makes trees choke on concrete -Jayashree Nandi

-The Times of India If you are worried about trees facing a hostile environment in the city, here is some more grim news. Many old trees across the city are struggling to survive as their roots are being choked by concrete. One such stretch is on Press Enclave Road where a number of Alstonia or Saptaparni trees are getting choked with concrete and cement tiles as part of Delhi government's pavement...

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Cash is no cure-all-Lant Pritchett and Shrayana Bhattacharya

-The Indian Express Cash transfers seem to be the latest fad. With elections looming, the Prime Minister’s National Committee on Direct Cash Transfers has been tasked with an ambitious mandate to provide vision and direction to enable direct cash transfers of subsidies under various government schemes and programmes to individuals to enhance efficiency. Certain activists warn against an ill-considered and hasty transition from food to cash. Others believe directly transferring the...

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Joshi formula among 3 CAG used to estimate 2G loss -Appu Esthose Suresh

-The Indian Express One of the three formulae used by the Comptroller and Auditor General to calculate the loss to the government for selling 2G spectrum on a first-come-first-served basis was suggested by BJP leader and Parliament’s Public Accounts Committee (PAC) chairman Murli Manohar Joshi. When the team conducting the audit said they “are not on strong ground” in basing the loss on the formula suggested, they were told by CAG headquarters...

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Off death row, after loss of 16 years -Muzaffar Raina

-The Telegraph Srinagar: If appetite for capital punishment has been whetted in the country, Padshah Begum’s experience today should serve as a timely note of caution. The 60-year-old lady in Srinagar received word this afternoon that Delhi High Court has taken her son off death row because “serious lapses” marked the police investigation into a blast in the capital in 1996. She is no stranger to such news: two years ago, her eldest...

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RBI Rules Out Introduction of Islamic Banking

-Outlook Kochi: Reserve Bank Governor D Subbarao today ruled out introduction of Islamic banking in the country but said other methods for channelising funds based on the principles of Islamic law can be looked at. "Islamic banking is not possible", he said, adding the central bank could look at other vehicles based on Islamic banking principles to channelise NRI funds. Replying to a question on the issue, Subbarao said: "There are some legal...

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