-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...

-The Telegraph A government panel has recommended mandatory registration of all lease agreements and power of attorney documents to ensure revenue augmentation. At present, only lease agreements for a year and more need to be compulsorily registered. Registration of power of attorney documents is optional. If the proposal is accepted, it will mean that some of the ubiquitous 11-month rent agreements will lose their sheen. Some landlords prefer the 11-month tenure as registration...

-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...

-The Times of India The Union Cabinet is set to clear a bill seeking to replace the post-Nirbhaya case ordinance dealing with crime against women which will reduce the age for consensual sex to 16 and reinstate "rape" as an offence specifically committed against women. The government has resolved differences on the two contentious aspects of the Criminal Law (Amendment) Bill, 2013, bowing to the demands of women's groups who protested against...

-The Economic Times A balance between the need to unleash animal spirits and the larger issues of ethical governance is essential for the country to move ahead, Rural Development Minister Jairam Ramesh tells ET in an exclusive interview. * Is unleashing animal spirits still the main focus of the government? Unleashing the animal spirits is all very well but it has to be in an ethical framework. Markets is all about...