In the corridors of power in Delhi and beyond, a three-letter acronym has left some of the mightiest politicians and officials befuddled, embarrassed and powerless. The RTI, or the Right to Information Act, which compels the government to share information about its functioning with its citizens on demand, has acquired the reputation of a four-letter word among India's rulers. Its lethal nature was on full display this week - it...
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The Union Cabinet gets healthier by P Sainath
The worse off the poor become, the healthier our Ministers get. Air India might not be doing as well we'd like it to. But the braveheart who flew it fearlessly into dense clouds of debt is doing okay. Praful Patel (who no longer holds the aviation portfolio) added, on average, over half a million rupees every day to his assets in 28 months between May 2009 and August 2011. This might...
More »Banks told to integrate operations with Regional Rural Banks for rural lending by Dheeraj Tiwari
In an attempt to extend the reach of banks in rural and semi-urban areas, the finance ministry has asked public sector banks to integrate their operations with regional rural banks (RRBs). "Charges for various banking services used by customers of RRBs are to be aligned with the sponsoring banks," a finance ministry official said on condition of anonymity. "Further, cheques or drafts issued by RRBs should be treated at par...
More »NREGA convergence with water storage & Krishi Vikas planned, says Jairam Ramesh
The Rural Development Ministry seems to be a familiar ground for Jairam Ramesh . No sooner was he given the new portfolio, he announced that the two bills related to land acquisition would be clubbed. The minister spells out his priorities in an exclusive interview with ET. Excerpts: What will be the key motif for the omnibus land acquisition law you are proposing? The bill will be facilitative not restrictive....
More »The gang that couldn't shoot straight by P Sainath
As we close in on 20 years of Manmohanomics, it's worth remembering one chant the chattering classes uttered, first with pride, later to console themselves. “Whatever you say, we have the most honest man in Dr. Manmohan Singh. And no one can speak a word against him.” It's less heard now — those affections having been transferred to other punters in the honesty sweepstakes. But growing numbers do say this...
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