-PTI NAGPUR: Calling for corporate funding to political parties be stopped forthwith, CPI(M) Polit Bureau member Sitaram Yechuri today said instead the money should be donated to the Election Commission which can use it to help the candidates in their poll campaigns. "The EC can help the candidates by providing them vehicles, fuel, drivers and also publish their posters and provide printed election material. This way all the candidates of respective parties...
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The business-politics nexus-Ashutosh Varshney
-The Indian Express An intriguing paradox of contemporary Indian politics has been insufficiently noted: corporate India finances India’s elections, substantially if not wholly, but it is unable to determine election outcomes. Money matters, but it is not always electorally decisive. The recent Uttar Pradesh elections provide the clearest illustration of this proposition. As is well known, the Congress, BJP and BSP were all better financed than the SP which, especially after the...
More »e-Payment must for public sector banks from July 1-Dheeraj Tiwari
The finance ministry has asked state-run banks to stop making payments to their customers through Cheques from July 1 and to "migrate totally" to electronic payment channels, a move aimed at cutting costs in a sluggish economy. In a circular issued to chairmen of public sector banks and regional rural banks, the ministry said all payments to customers, staff, vendors and suppliers as well as disbursement of loans and payments towards...
More »Monthly aid to Singur land losers doubled
-The Business Standard Days after the High Court here struck down the Singur Land Rehabilitation and Development Act, Chief Minister Mamata Banerjee today announced the state would double the monthly aid to Singur landlosers to Rs 2,000 a month. The announcement of an increase of Rs 1,000 in monthly allowances to Singur farmers was made by the All India Trinamool Congress on Twitter, quoting the chief minister. Earlier, the state government had announced...
More »UID: Are your biometric I-cards stacked against you?-M Rajshekhar
-The Economic Times Imagine a rural family of five. Mom. Dad. Two kids. And Grandma. Assume too that they are below the poverty line. The day is coming when this family will have to give its biometrics out to myriad agencies. You know that Nandan Nilekani's Unique Identification Authority of India (UIDAI) or the Registrar General's National Population Register (NPR) has been collecting biometrics for a while now. But a set of other...
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