The Economic Intelligence Council will discuss the issue when it meets at the end of this month The government is likely to form a central agency to regulate so-called multi-level marketing (MLM) schemes after the Economic Intelligence Council found they had become a “preferred” mode of fraud. In the wake of an increasing number of economic offences, the United Progressive Alliance government has also decided to set up a multidisciplinary school...

The finance ministry has asked public sector banks to devise products for Indian farmers to ensure they get adequate funding in emergencies. The government, the majority owner of such banks, wants them to roll out products such as emergency loans to farmers that will be linked to savings accounts, a weather index-based insurance product, and set up a credit guarantee fund that will aid farmers in the event of crop losses...

To plug loopholes in the law on maternity benefits, a government panel has suggested an amendment forbidding the sacking of a pregnant employee on any ground.  The Planning Commission's working group which had been asked to review the Maternity Benefit Act 1961 has also recommended increasing the duration of maternity leave, though it did not specify by how days it should be increased.  The group wants the government to incorporate a clause...

-The Telegraph The Union urban development ministry has proposed three new taxes on private vehicle owners: on vehicle purchases, petrol and insurance. The aim is to fund public transport in cities and deter the use of private vehicles The Rs 40,000 crore that the ministry proposes to raise annually through the “green surcharge”, “green cess” and “urban transport tax” is to go to a national urban transport fund that will finance transport schemes. Urban...

-The Hindu Selected youth will work in LEW-affected districts Union Minister for Rural Development Jairam Ramesh launched the Prime Minister's Rural Development Fellowship (PMRDF) programme here on Saturday. Under the programme, 156 youth selected for the fellowship would work in 78 Left-wing extremism (LWE)-affected districts covered in the integrated action plan (IAP) in nine States – Bihar, Orissa, West Bengal, Chhattisgarh, Madhya Pradesh, Uttar Pradesh, Maharashtra, Andhra Pradesh and Jharkhand for two years. Speaking...