Even before the Reserve Bank of India (RBI) finalizes the guidelines for handing out new bank licences, its draft proposal has evoked unease in the National Bank for Agriculture and Rural Development (Nabard), which oversees the country’s 82 regional rural banks (RRBs). Nabard has taken exception to the banking regulator’s proposal to allow industrial houses to take over RRBs and convert them into full-fledged banks, saying such a move could dilute...

In an unprecedented United Nations-supported initiative, people who cannot see and those who have other forms of visual disability will have access to published works through publisher intermediaries who will create accessible formats of publications and share them with specialized libraries. The new arrangement was announced today at the of the UN World Intellectual Property Organization (WIPO) meeting in the Indian capital, New Delhi. It is estimated that only five percent of...

In 1957, the Communist Party of Kerala became the first democratically elected communist government in Asia. While many in the West feared that this election would help communism spread across South Asia and make Kerala the "Yan'an of India", the Keralite communists' actions were checked by Jawaharlal Nehru and the Congress party's control of the federal coffers. Instead, from within the political bounds of India's divided government, Kerala initiated what has...

Two years ago, when I told some of my more cynical fellow-tribals from the journalistic fraternity that I was about to complete a textbook on media ethics, they smirked. Media ethics? That’s an oxymoron, a contradiction in terms, they said glibly. What became apparent to me then was that the image of the journalist in India has taken quite a battering. There are many among the aam admi who still...

After the National Advisory Council (NAC) cleared the food security framework on Saturday, council member and development economist Jean Drèze issued a dissent note saying that “an opportunity [had] been missed to initiate a radical departure in this field.” “The NAC proposals [are] a great victory for the government — they allow it to appear to be doing something radical for food security, but it is actually more of the same,”...