-The Times of India The Reserve Bank of India having opened the window for new bank licences, the postal department is finalizing the blueprint to set up a bank of its own at your neighbourhood post office, a move that will challenge the dominance of large public sector lenders in smaller towns and rural India. While the department already has a balance sheet of Rs 6.18 lakh crore, which includes deposits of...
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Govt takes steps for accountability in Indira Awas Yojana
-PTI Government is all set to make its public housing programme for rural poor more accountable at panchayat level with new draft guidelines suggesting "proactive" disclosure of details of beneficiaries and making social audit of the scheme a must. The draft guidelines issued by the Rural Development Ministry say that the implementation of Indira Awas Yojana (IAY) should be informed to the local people through wall paintings or notice boards at the...
More »Food prices push retail inflation
-The Times of India Retail inflation soared in February on the back of stubborn food prices sustaining pressure on consumers and complicating the policy choice for the central bank. Data released by the Central Statistics Office (CSO) on Tuesday showed the inflation rate based on all-India general CPI ( consumer price index) for February was 10.91% compared to 10.79% for the previous month. The inflation rates for rural and urban areas for...
More »From transparency to accountability-Nikhil Dey and Anjali Bhardwaj
-The Indian Express With the Union cabinet having approved the Right of Citizens for Time Bound Delivery of Goods and Services and Redressal of their Grievances Bill, 2011 (hereafter referred to as the GR bill), Parliament has an opportunity to enact a law that would give citizens a way in which to hold government functionaries accountable. An effective GR act has the potential to transform the relationship between an ordinary Indian...
More »HC bans sand excavation in drought-hit areas of Maharashtra
-PTI MUMBAI: The Bombay High Court has restrained the Maharashtra Government from allowing excavation of sand in drought-hit villages, saying it would cause shortage of potable water for people and animals. The Court was hearing a petition filed by Rajendra Eknath Dhande, who sought a direction to the authorities to disallow sand excavation in drought-hit Khatgaon village of Karmala taluka in Solapur district. Chief Justice Mohit Shah and Justice Anoop Mohta were of...
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