-The Business Standard   The National Bank for Agriculture and Rural Development (Nabard) has recorded a 40 per cent growth in agriculture credit and rural development in Karnataka during 2011-12. It has extended farm credit of Rs 6,053 crore during the year. While the production credit refinance extended to cooperative Banks and regional rural Banks (RRBs) was Rs 3,775 crore, its finance to state government under the Rural Infrastructure Development Fund (RIDF)...

Move could save Banks significant money spent on record-checking and documentation In what could usher in an era of paper-less, real-time authentication, the finance ministry is looking into allowing online Aadhaar authentication as a valid proof of identity for opening bank accounts. The ministry is considering an amendment to the Prevention of Money Laundering Act, or PMLA, to recognize online Aadhaar data to satisfy know-your-customer (KYC) requirements. This will pave the way for...

Student of Pune-based MIT School of Government (MITSOG), Harshvardhan Reddy, who hails from Karni village in Mahabubnagar district in Andhra Pradesh, has kept the Right to Information (RTI) flag flying high by filing over 300 RTI applications along with over 200 first appeals within a short span of two years. The first RTI application, Reddy said, was filed by him against the rural superintendent of police (SP) for delaying his passport...

-The Telegraph Former chief minister Buddhadeb Bhattacharjee today blamed Mamata Banerjee’s recent expressions of intolerance towards critics on her “lack of self-confidence”. He described as “paglamo (madness)” the new government’s curbs on co-operative Banks’ loan recovery processes, saying it would “destroy” such banking systems. Asked during a TV interview about his successor’s frequent admonitions to the Opposition to keep mum and allow the new government to work, Bhattacharjee said: “It’s not just the...

 It was UPA 1's winning mantra. But the Rs 33,000 crore a year rural job guarantee scheme may be floundering with the government admitting the flagship programme suffers from delayed payments, poor awareness, lack of durable assets, faulty job cards and muster rolls.  The finance ministry has echoed some of the major criticisms of the Mahatma GandhiNational Rural Employment Guarantee Actlisting endemic "lack of awareness about rights and entitlements" and inability...