Nobel Laureate Muhammad Yunus resigned as managing director of Grameen Bank, the micro-credit network he pioneered, expressing the hope that it would retain its "independence and character". The government has rejected the demand by the bank's directors that Yunus be made the bank's chairman and has also turned down the argument of the bank being "independent", saying it is subject to the laws governing the banking sector. In his resignation letter made...
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Ghost of Marichjhapi returns to haunt by Snigdhendu Bhattacharya
It was the mother of all Nandigrams. If there was one Nandigram on March 14, 2007, then perhaps there were dozens of Nandigrams during the three-day cleanse-Marichjhapi operation in January 1979. “It was Saraswati Puja. The police were just raining bullets as soon as the refugees landed in our village! Like everybody else on the road, I, too, fled for safety as I could see people falling either injured or...
More »‘NREGS card valid for opening accounts in rural Banks’
THE Reserve Bank of India (RBI) has decided to accept NREGS job cards or Aadhar letter as official documents for opening accounts in rural cooperative Banks for persons covered under the scheme. This will enable the job card holders or the workers to keep their money is safe custody. An RBI communique to the state and district cooperative Banks has said that the accounts can be opened with certain conditions attached as...
More »Panchayat Banks to speed up MGNREGA workers' pay by KA Gupta
Though efforts have been initiated to allure labourers towards MGNREGA schemes, a latest issue at hand is the payment of wages on time. "If an officer takes interest in the execution of schemes of the centrally- sponsored Act, there will be no problem in payment of wages," said MGNREGA national inquiry committee member Wilfred Lakra, prasing the BDOs of Dumri and Ghaghra Shishir Kumar Singh and Manoj Kumar respectively for taking...
More »“Indian names on Swiss bank list”
In comments that could fuel a fresh controversy over the black money issue, WikiLeaks founder Julian Assange on Tuesday said there are Indian names in the Swiss bank data list that are going to be made public. “Yes, there are Indian names in the data that we have already published or are going to publish. I can't remember specifically whether there are Indian names in the coming publication. But I have...
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