-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...

-The Indian Express Raipur: Bastar saw a major development recently with thousands of tribals joining a rally organised by the CPI and Aadivasi Mahasabha last fortnight. Demanding implementation of the Schedule VI of the Constitution in Bastar, tribals began their padyatra from Chhattisgarh’s southernmost tip in Konta on March 1 and ended it at the division headquarters on March 15. They said that the administration always ignored their requirements and the...

-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...

-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...

-The United Nations The rapid growth of developing countries is propelling millions out of poverty on an unprecedented scale and radically reshaping the global system, according to a flagship United Nations report launched today. “The rise of the South is unprecedented in its speed and scale,” says the Human Development Report 2013, which uses the term “South” to mean developing countries and “North” to mean developed nations. “Never in history have the...