-The Hindustan Times From a crackdown on dubious charity contributions to encouraging the use of credit and debit cards, from tracking realty deals to monitoring jewellery purchases, the government has proposed a wide range of measures to combat black money. The proposals are part of the white paper on black money tabled in the Lok Sabha on Monday by finance minister Pranab Mukherjee. The white paper does not, however, disclose names...
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Microfinance Bill will regulate the sector to death, to the joy of moneylenders
-The Economic Times, The Cabinet has cleared a proposed Bill empowering the Reserve Bank of India (RBI) to regulate all microfinance institutions (MFIs). A central legislation makes sense only to the extent that it over-rides draconian state-level laws. However, the Bill suffers from many infirmities. And it is unfortunate that these have been overlooked. The law, if enacted, is likely to kill small MFIs and hurt the sector that is struggling...
More »Antidote to World Bank prescription-K Subramanian
A scholarly study of corruption in the larger context of societal growth and development Corruption is no longer a word and has become a noise. Debates on corruption have reached high decibel levels and the world is no closer to solutions. Given the complexity, there are as many views as there are participants. Some speak from high moral pedestals like those from the rich, donor countries. It is no surprise that...
More »Unique identity crisis-Latha Jishnu, Jyotika Sood
-Down to Earth Biometric-based unique identity or Aadhaar is leading to huge problems for people working for the rural employment guarantee scheme and for others receiving welfare benefits. Not only have enrolments been done shoddily but the experience of the pilot projects shows that it is almost impossible to authenticate the work-hardened fingerprints of the poor, find Latha Jishnu and Jyotika Sood. Besides, there is the overwhelming issue of deficient online...
More »Rajya Sabha takes up drought situation
-IANS The Rajya Sabha Tuesday took up the issue of drought-like situation in several parts of the country, with opposition members demanding immediate action as well as long term plan for tackling this natural calamity. Raising a calling attention motion on the drought-like situation in Karnataka, Bharatiya Janata Party (BJP) leader M. Venkaiah Naidu slammed the government for its "lax" and "insensitive" attitude towards the issue even as crops in Karnataka have...
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