The outgoing CIC interprets the RTI Act in a liberal spirit to direct the Calcutta High Court to provide information to an applicant. IN a landmark decision before he completed his term as Chief Information Commissioner on September 30, Wajahat Habibullah rejected the Calcutta High Court's contention that it was not subject to the CIC's jurisdiction under the Right to Information Act, 2005. The Calcutta High Court has the distinction of...

Even as railway minister Mamata Banerjee opposes government’s role in acquiring land for private companies , the contentious land acquisition (amendment) bill figures in the list of business for the winter session of Parliament beginning next week. The bill has been hanging fire in the wake of opposition from the Trinamool Congress leader, who recently skipped a meeting convened by finance minister Pranab Mukherjee to evolve a consensus within the ruling...

There has been a significant pick up in credit flow to industry, services and personal loan segments during the current financial year. However, credit flow to agriculture has declined further, data released by the Reserve Bank of India as part of Macroeconomic and Monetary Developments Second Quarter Review 2010-11 shows. While credit flow to industry was highest at Rs 1,07,386 crore, credit flow to agriculture contracted by Rs 13,481 crore during...

The centre has asked the states to strengthen their public distribution systems (PDS) to minimise the impact of high inflation on the poor, Finance Minister Pranab Mukherjee said here Monday. 'The central government has requested the states to strengthen their public distribution systems to ensure that the vulnerable groups of the society are not adversely affected by the current level of inflation,' Mukherjee said at the second annual conference of finance...

The accusation of ‘coercive' practices to recover the loans has been laid at the doors of some leading players Micro Finance institutions (MFIs) that are for profits are in the news for the wrong reasons. The ‘for profit' MFIs have grown spectacularly in recent times. But along with the large profits have come allegations of sharp practices. In Andhra Pradesh, where such MFIs have a sizable presence, the climate has now drastically...