The National Bank for Agriculture and Rural Development (Nabard) set up to finance agriculture and rural development, has been giving evasive replies to specific questions raised by the Union finance ministry and by Parliament on the nature of recommendations made by the Boston Consulting Group (BCG) to restructure the bank. Some MPs believe that the restructuring violates the role mandated for Nabard by Parliament. DNA earlier reported that the restructuring/repositioning of Nabard...

A local court on Monday convicted Samajwadi Party state president and MLA Abu Asim Azmi and four others of making inflammatory speeches to incite communal violence during a rally in 2000. Metropolitan magistrate Sanjashree Gharat of the Mazgaon court sentenced Azmi, Waqarunnissa Ansari, Lalbahadur Singh, Ehsanullah Khan and Ali M Shamsi to two years' imprisonment. When the five sought time to appeal in the sessions court, the magistrate allowed suspension of...

West Bengal chief minister Mamata Banerjee on Thursday threatened to bring her anger to the streets of New Delhi and launch an agitation in the capital if the Centre didn't give in to her demand for a moratorium on debt repayment. In a rare and exclusive interview to TOI at the Writers' Buildings in Kolkata, the Trinamool Congress chief didn't once utter the words "threat" or "pullout", but her message was...

MGNREGA can only succeed if politics is taken seriously in the design of accountability mechanisms Does political competition enhance a poor person’s access to anti-poverty initiatives such as the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGA)? Just as some economists believe that competition is an effective way to improve management and productivity, in politics too, some hold that political competition is better than single-party monopoly, because it forces political parties...

-Kafila.org When the Parliament’s budget session re-opens on April 24, the Rajya Sabha will vote on an annulment motion against the IT Rules promulgated in April 2011 that provide for “intermediaries” to remove the online content they are asked to by anyone. The motion has been moved by P Rajeeve, Rajya Sabha member from the Communist Party of India-Marxist. Speaking on the phone from Thrissur, Rajeeve said, “The IT Rules go against...