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25% RTE quota: Government stares at inflated bill- Prashant K Nanda

-Live Mint Reimbursing schools that reserve 25% seats for underprivileged children may end up costing the govt about Rs.16,000 cr The central government is faced with the prospect of a large bill to pay for the implementation of one of the key elements of the right to education (RTE) legislation-reimbursing private schools that reserved 25% of their seats for underprivileged children-even as the 31 March deadline for most of the law's other...

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Government eases curbs on sugar sector- Ragini Verma

-Live Mint CCEA clears recommendations on sugar sector made by Rangarajan panel; subsidy burden to rise Pushing ahead with long-pending reforms of the sugar industry, the cabinet on Thursday approved the dismantling of rules requiring sugar mills to sell the sweetener at below-market prices through the public distribution system (PDS) and abolished curbs on open market sale. The cabinet committee on economic affairs cleared the recommendations made by a panel headed by C....

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Nitish Kumar proposes 50% reservation for women in cooperative societies -Ashok K Mishra

-The Economic Times PATNA: Reserving 33% seats for women in Parliament and state legislatures may remain a dream for Congress president Sonia Gandhi but chief minister Nitish Kumar has not only done that in panchayat bodies of Bihar but is set to take the concept to other areas. Women's support for JD(U) had swelled in elections following the reservations, as the fair sex exhibited approval for the progressive legislation. Encouraged by 'lady...

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Kisan Credit Cards: Bad loan bubble waiting to burst?-Dinesh Unnikrishnan

-Live Mint Subsidized loans given to farmers through KCCs could very well be the next big source of NPAs for banks Mumbai: A surge in exposure to farm debt through Kisan Credit Cards (KCCs) could emerge as a risk for India's state-run banks, according to experts. Subsidized loans are given to farmers through KCCs by state-owned banks. Until March 2012, the outstanding amount on such loans was`1.6 trillion through 20.3 million cards, as...

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Cash transfer put off by at least 3 months -Subodh Ghildiyal & Mahendra Singh

-The Times of India The expansion of UPA's flagship intervention - direct benefits transfer (DBT) - is likely to be pushed back by three months, shrinking the window for fullscale implementation of the scheme that Congress sees as its trump card for the 2014 polls. The scheme to ensure delivery of Cash subsidies and entitlements to bank accounts of beneficiaries was launched in January 2013. However, for the scheme to live up...

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