-Live Mint High court asks state to review law in light of proposed national regulations to govern the sector The Andhra Pradesh high court on Monday upheld a law that led to the near demise of the microfinance industry towards the end of 2010, but asked the state government to review the legislation in the light of proposed national regulations to govern the sector. News of the review sent the stock of the...
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Rs. 2,143-crore relief for crisis-ridden farmers-T Ramakrishnan
-The Hindu All districts, except Chennai, declared drought-hit; work days under MGNREGS increased to 150 Chennai: Chief Minister Jayalalithaa announced in the Assembly on Friday that all districts in the State other than Chennai would be declared drought-hit and unveiled a host of relief measures that would cost about Rs. 2,143.60 crore, focussing on the crisis-ridden Cauvery delta. Ms. Jayalalithaa said the number of days of work under the Mahatma Gandhi National Rural...
More »‘Without growth... we will be constrained in our ability to defend national security’ -P Chidambaram
-The Indian Express Until recently, we took a compartmentalised view of national security. Each threat to national security was neatly fitted into one compartment. The first, of course, was a war with Pakistan. That was fitted into a compartment and was meant to be deterred, or defended, through the might of our armed forces. A war with China was, and remains, unthinkable, and therefore that threat was fitted into another compartment...
More »Bank officials, microfinance institutions cornered benefits of farm loan waiver: CAG report -Pradeep Thakur
-The Times of India The UPA-1's Rs 52,000 crore farm loan waiver scheme is turning out to be a big financial scandal. Out of 1 lakh farm loan waiver accounts audited in 700 bank branches across the country — involving disbursement of Rs 500 crore — about 30% of the waiver amount was allegedly found to have been siphoned off by a nexus of bank managers and microfinance institutions (MFIs). A comptroller...
More »Tribal's kin preserve corpse for 60 days, demand justice
-PTI AHMEDABAD: Demanding justice, the kin of a 45-year-old tribal from Gujarat's Sabarkantha district has refused to perform his last rites and preserved the dead body for over 60 days. Jiva Bhumbariya's body was found at a secluded spot near Magwas village in December. Even though police investigations in Jiva's death concluded that he died in an accident, his family members have disputed this version, saying Jiva was murdered by three persons with...
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