-The Economic Times, The Cabinet has cleared a proposed Bill empowering the Reserve Bank of India (RBI) to regulate all microfinance institutions (MFIs). A central legislation makes sense only to the extent that it over-rides draconian state-level laws. However, the Bill suffers from many infirmities. And it is unfortunate that these have been overlooked. The law, if enacted, is likely to kill small MFIs and hurt the sector that is struggling...
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Parliament's stand on Ambedkar cartoon disturbing: Panikkar-G Krishnakumar
Parliament hurriedly intervened in the issue that called for more serious thought Renowned historian K.N. Panikkar on Wednesday said that the stand taken by Parliament in the controversy over a cartoon on B.R. Ambedkar was disturbing as it rather hurriedly intervened in an issue that called for more serious thought. “The members of Parliament have reacted with rare unanimity and an unwarranted sense of outrage to the cartoon included in a textbook...
More »Please Sir, may I take a newspaper into my class?-Nivedita Menon
At last, the real anxieties lurking behind what has come to be called the “Ambedkar cartoon” controversy are out in the open. It is hideously clear by now that MPs “uniting across parties” are acting as one only to protect themselves from public scrutiny, debate and criticism. It turns out, as some of us suspected all along, that the “sentiments” that have been “hurt” this time are the easily bruised...
More »‘Autonomous’ NCERT should retain toons
-The Times of India The government has maintained that NCERT is an autonomous body. Well, if the insistence is correct, the cartoons which triggered a political storm should stay in the textbooks. A month before the row over the cartoons erupted, leading to the decision to banish them, NCERT had defended their use in textbooks, even telling the National Commission for SCs that there was nothing offensive about the B R Ambedkar...
More »Petrol may rise Rs 5/litre, diesel Rs 3
-The Times of India Get ready to pay more for fuels shortly. The hike is likely to kick in soon after Parliament's budget session ends on May 22. In a clear indication of the inevitable, finance minister Pranab Mukherjee on Wednesday warned of "disastrous consequences" if "corrective steps" were not taken to deal with the problem of high oil prices and seemingly endless subsidy. "Petroleum prices are increasing by leaps and bounds....
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