Delhi high court to hear central bank challenge to CIC order seeking information on defaults by top industrialists The Reserve Bank of India (RBI) has challenged an order by the Central Information Commission (CIC) asking the central bank to disclose names of the top 100 industrialists who have defaulted on loan repayments. In a writ petition to the Delhi high court, which is scheduled to be heard on 29 May, the central...

-The Times of India RANCHI: Decentralisation is the need of the hour but what are the limitations in its implementation and how the media can be roped in this whole process to create an awareness among the common masses were some of the areas where speakers delved in the two-day programme. The workshop called "Media capacity building workshop" was organized by the Centre and UN joint programme on convergence concluded here on...

Institutions the bill proposes to set up are not adequately independent of the government The government is reported to be making efforts to seek a consensus amongst its allies and the opposition parties on the Lokpal Bill that is awaiting approval of the Rajya Sabha. People’s movements and some of the main opposition parties have objected to various provisions of the Lokpal and Lokayukta Bill, 2011, as passed in the winter...

Union Agriculture Minister Sharad Pawar’s statement in Parliament that the Government plans to shift subsidies from chemical fertilizers to organic manures has finally earned him some admiration from grassroots organisations working with small and marginal farmers in the country’s vast dry-lands. Pawar’s statement, if translated into policy action, may go a long way in improving the condition of some of India’s poorest farmers in the rain-fed areas which account for...

-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...