The state government and private school administrations in the state are at loggerheads with the government reiterating its stand to implement the Right to Education (RTE) Act 2010 strictly in Bihar. As many as 15 schools belonging to the Association of Heads of Christian Schools (AHCS) which includes Don Bosco Academy, St Karen's High Schools, St Xavier's School, Christ Church School, St Dominique Savio, Notre Dame Academy, St Joseph's Convent,...

Amidst hue and cry over micro-finance Institutions (MFIs) charging the rural poor exorbitant interest rates, Reserve Bank of India norms continue to allow these entities a free hand in determining their charges. The banks lending to MFIs too continue to have full discretion in fixing their rate of interest. RBI has issued a latest master circular reiterating its earlier stand on micro-credit on February 14. Master circulars are like ready-reckoners on...

Finance Minister T.M. Thomas Isaac has said the State government may push a legislation to regulate lending by microfinance Institutions. Addressing a press conference here on Sunday, he pointed out the relevance of the Andhra Pradesh Microfinance Institutions (Regulation of Money Lending) Bill, 2010. “The entry of the Janasree Sustainable Development Mission into the microfinance sector poses a risk. Leader of the Opposition Oommen Chandy should clarify his stand on the risk...

The ongoing pre-school admissions have forced many a city school into a tight corner. Institutions are being driven to do a tightrope walk between the demands of the Right to Education (RTE) Act and the unending pressure from political parties to admit students of their choice. The RTE aims at creating a level playing field for all children by making it mandatory for schools to admit a percentage of underprivileged...

With the number of non-governmental organisations growing in the country, the government is planning to bring them under a regulatory mechanism to make them accountable. As of now, there are no specific laws or regulations to regulate volunteerism in India. A task force, constituted to examine the issues related to the evolution of an independent, national level, self-regulatory agency for the voluntary organisations and develop accreditation methodologies by the Planning Commission,...