With the Parliamentary Standing Committee on Finance raising a red flag against the National Identification Authority of India (NIAI) Bill to grant the UID (or Aadhar) project legal status, the project looks set for a slowdown . That could have broad implications for the tech sector that had laid substantial hope on it, especially when global markets are slowing down. The UID project is estimated to offer IT companies a Rs...
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Bullion dominates futures market, agriculture at 10% by Sidhartha
Policymakers have repeatedly said that commodity futures help farmers hedge their risks. But data from Forward Markets Commission (FMC), the regulator for the business worth Rs 106 lakh crore during April-October, paints a different picture. The share of agricultural trade is just a tad over 10% and within this, food products such as soya oil and chana accounted for less than 7% of the total value. Of course, the government itself...
More »Cacophony Colonnade by Saba Naqvi
Our democracy is creaking, but it works—nominally at least. What it needs is not dilution, but deepening. When “Too Much Democracy” Works Pressure in Parliament pushes PM Manmohan Singh to secure the resignation of telecom minister A. Raja in the 2G affair The angst and trials of tribals in the Maoist bastion of Dantewada is sensed in Delhi after the media highlights their plight People power at the sites of...
More »Parliamentary Standing Committee May Recommend Withdrawal Of UID Bill: Report by Nikhil Pahwa
A Parliamentary Standing Committee on Finance is set to recommend that the government withdraw the National Identification Authority of India Bill 2010, reports India Today, citing unnamed sources. The recommendation is to withdraw the bill and introduce another one, because members of the standing committee found the project directionless, and that the bill and the project are not acceptable in their present form, the report states. It doesn’t quite mention...
More »Now, rules for babus to handle MPs
-The Times of India Facing complaints over government officials dealing with lawmakers, the government has put in place a code of conduct of sorts which deals with everything from rising to receive and see off an MP, besides inviting MPs to public functions. To begin with, the office memorandum from the department of personnel and training has asked officials to acknowledge receipt of a letter within 15 days and reply within the...
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