Central bank sold its majority stake in Oct 2010; change will ensure entire equity  is held by the govt The government will amend a law governing the National Bank for Agriculture and Rural Development (Nabard) to allow the Reserve Bank of India (RBI) to sell its 1% stake in the development lender. The central bank sold its majority stake in the lender to the government in October 2010. The government owns 99%...

-The Times of India   The amended draft policy on open spaces is ready and the BMC plans to bring private trusts managing public spaces under theRTI Act. If the plan is approved , trusts looking after recreation grounds (RGs), playgrounds (PGs), parks and gardens-on adoption or caretaker basiswill have to share details of their operationswiththe public .  The move comes after the BMC caught flak at a civic improvementscommittee meeting in March...

The new IT rules violate the right to freedom of speech and expression New media has come to play a major role in the process of opinion making, as was evident in the recent Arab uprisings and the campaign against corruption in India. It is a means of propaganda and a tool for mobilising the masses. The strength of new media lies in the opportunity for creative participation that it offers...

Drug smugglers and third-world dictators laundering ill-gotten wealth through secretive banking systems in tax havens is an anachronistic image from crime novels. Leveraging US' remarkable success in compelling tax havens to block terrorist financing, the G20/OECD have successfully persuaded tax havens to improve tax transparency and participate in an international regime of information exchange.  All tax havens have committed to OECD standards for tax transparency and are executing Tax Information Exchange...

BANGALORE: Protests against government's alleged attempt to govern the internet is gathering steam, with a public interest litigation in Kerala, a signature campaign and mass protests in Karnataka besides the political left throwing its weight behinds demand to withdraw the recently amended laws. The new rules, adopted last year, regulates reader's comments on online articles, user-posted videos, blogs, photos and posts on online social networks such as Facebook or Orkut. Opponents...