-Live Mint Experts say private banks achieve lending obligations by buying out loans from non-banking entities Most private banks in India have not been able to meet the needs of farmers although they are expanding their rural and semi-urban branch network. This is why the Reserve Bank of India (RBI) is insisting that at least one-fourth of the branches of the new banks that will be given a licence must be located...
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Only 8% of Delhi’s women work -Rukmini Shrinivasan
-The Times of India What do Delhi's working women do? While the image of a working Delhi woman that comes to mind for many is usually that of a BPO or IT worker, the real employment growth story for Delhi's women could be a far less glamorous one — paid domestic work. For one, not a lot of Delhi's women do any paid work, at least of the sort that current surveys...
More »Empower the citizen
-The Hindu Nationwide frustration arising from large-scale corruption by people in authority erupted in a wave of protests two years ago. Legislative remedies proposed as a response to public anger, such as the Lokpal and the Lokayuktas in all States, have still not become a reality. Adding to the aam aadmi’s sense of outrage, another important legislation that aims at ending administrative gridlock and corruption has run into political troubles. The...
More »In 4 yrs, only 700 suspected money laundering cases/yr-Subhomoy Bhattacharjee & Anil Sasi
-The Indian Express Contrary to the perception that money laundering is widespread across the country's banking sector, the Financial Intelligence Unit (FIU) has found an average of only about 700 cases annually over the last four years on which investigations could be initiated. The FIU is the national agency responsible for tracking information related to suspect financial transactions. Finance ministry data shows that during the last four years, banks and other entities have...
More »When their dreams of studying in a ‘big’ school came crashing -Tanu Kulkarni
-The Hindu Scarce RTE quota seats in private schools disappoint parents Bangalore: Arun Kumar (name changed), an electrician who earns just a little over Rs. 3,000 a month , is thinking of raising a loan to put his six-year-old son in a private school. This is thanks to the big hopes he pinned on one provision of the Right of Children to Free and Compulsory Education (RTE) Act 2009, which has now...
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