For the Government of India the first phase of the national solar mission has been a grand success. It not only managed to attract industry to invest in the generation of an energy considered costly, but also dramatically drove down the cost of producing this energy. In its celebration, little did the government realise that a major conglomerate had subverted rules to acquire a stake in the solar mission much...
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1.2 million children in Karnataka are malnourished, state tells high court by Sonal Matharu
Civil rights groups blame packaged food supplied to anganwadis Close on the heels of the damning hunger and malnutrition (HUNGaMA) report, which found 42 per cent children below age five across India underweight and 59 per cent children stunted, comes another report on the state of nutrition among children in Karnataka state. Over 1.2 million children in the state in the age group of 0-6 years are malnourished and underweight, says a...
More »Despite HC orders, TNPSC denies info to RTI applicant
-The Times of India The Tamil Nadu Public Service Commission (TNPSC), which is under a cloud over irregularities in recruitments over the past couple of months, has now extended its dubious streak of not being transparent enough. It has reportedly denied information to an RTI petition on the recruitment of assistant directors of the Town and Country Planning department despite two orders from the high court and two directions from the...
More »Central fund to buy equity in Dalit firms likely
-The Times of India Dalit Venture Capital Fund is the next big idea as the Centre looks to roll out 'procurement quota' in government purchases from small and medium enterprises (SMEs). The Fund would seek to buy equity in Dalit companies to provide capital support as investment. The Centre is mulling creation of a special purpose vehicle or a capital support system to help develop entrepreneurs among scheduled castes and tribes. The...
More »Improve credit delivery in rural areas: RBI to pvt banks by Somasroy Chakraborty & Manojit Saha
At a time when the government and regulators are emphasizing inclusion and increase in credit delivery to those without access to formal sources of finance, private sector banks are found to have low credit-deposit ratios in rural areas as compared to public sector counterparts. In a recent interaction at the state-level bankers committee (SLBC) meeting, in which Reserve Bank of India governor D Subbarao was present, bankers brought this to the...
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