A day before the Group of Ministers meeting on environment clearances, the Environment ministry has expressed willingness to increase the coal mining area to 74 % in 28 blocks, which fall in forests, as against 65% earlier. Environment minister Jairam Ramesh is expected to inform the GoM that he was willing to allow coal mining in 28 coal blocks, which fall in 'No-Go' areas by redefining its boundaries. This means that an...

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...

Poverty forces sex workers to sell their bodies, the Supreme Court said on Monday and directed the Centre and states to impart vocational training to them so that they could earn a livelihood. "A woman is compelled to indulge in prostitution not for pleasure but because of abject poverty. If such a woman is granted opportunity to avail some technical or vocational training, she would be able to earn her livelihood...

Forest dept. can now declare an area wildlife habitat without gram sabha's nod “A mockery of the Forest Rights Act” Claims of 5 lakh acres rejected in A.P. alone Communist Party of India (Marxist) Polit Bureau member and MP Brinda Karat came down heavily on the Centre, accusing it of issuing an illegal circular that defeated the very spirit of the Forest Rights Act and jeopardised tribals' interests. Ms. Karat, who is also the...