India has fallen three places to 87th in Transparency International's latest Corruption Perceptions Index, in which 178 countries were surveyed. India's integrity score has fallen to 3.3 out of 10 in 2010 while it was 3.5 in 2007 and 3.4 in 2008 and 2009. Transparency International India chairman P.S. Bawa on Tuesday said the recent damaging revelations in the Commonwealth Games contracts seems to have increased the perception about corruption and...

The Forest Advisory Committee of the Union environment and forests decided on Monday to not lift the temporary stay order on the forest clearance for Posco's Integrated Steel Project at Orissa. This would imply continued stay on all activities at the Posco site. After a lengthy hearing with the state government officials present, the FAC decided to refer the possible violations of the Forest Rights Act to the Union ministry of...

Getting rural India to register for Aadhaar, the unique identification number scheme, is going to be a rewarding experience for banks. Leveraging on the government’s financial inclusion agenda, the Unique Identification Authority of India (UIDAI) has decided to pay Rs 50 per enrolment to banks and Life Insurance Corporation of India, which are acting as its registrars, for signing up residents till March 2011. Besides, any person who is below...

According to the National Bank of Agriculture and Rural Development (NABARD) data on loans given out by nationalised and cooperative banks, there are more farmers doing agriculture in Delhi than Madhya Pradesh, Uttar Pradesh, Karnataka and West Bengal. The farmers in Delhi were allotted loan of Rs 22,077 crore in 2009 alone at mere 5% rate of interest, which is the second highest after agriculture-rich Punjab. Delhi’s loan disbursal amount is bizarre,...

The Forest Advisory Committee of the Union environment and forests decided on Monday to not lift the temporary stay order on the forest clearance for Posco's Integrated Steel Project at Orissa. This would imply continued stay on all activities at the Posco site. After a lengthy hearing with the state government officials present, the FAC decided to refer the possible violations of the Forest Rights Act to the Union ministry of...