-Live Mint The International Monetary fund (IMF) has warned India against licensing corporate entities to step into the business of commercial banking, saying the risks associated with such a move potentially outweigh the benefits of creating more banks. IMF’s Financial System Stability Assessment Update said it would be prudent for India to first put in place and gain sufficient experience in implementing a comprehensive framework for the purpose before considering the entry...
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Charge of NGO funds racket -Ananya Sengupta
-The Telegraph A rights organisation today accused the Centre and state governments of giving huge, unaccounted grants to NGOs including blacklisted ones, often against a bribe. The Asian Centre for Human Rights said it was basing its claims on replies to a series of RTI applications it had filed in 2010. Releasing the report, “India’s Funds to NGOs Squandered”, the rights body’s director, Suhas Chakma, made these claims at a news conference...
More »Kerala fast-tracks justice for sex offences victims
-The Hindustan Times The Congress-led government in Kerala has decided to set up an exclusive fast-track court to deal with sexual atrocities against women and children. Announcing this here on Wednesday, chief minister Oommen Chandy said the court would be set up in Kochi immediately. “We have decided to sanction 18 new posts to set up a new additional and district court in Kochi. This court would deal only with cases...
More »Food bill to cover 67% india, wider coverage in 250 districts -Zia Haq
-The Hindustan Times The flagship National Food Security Bill — whose final contours have now emerged —will give 67% of the population, or about 800 million Indians, a legal right to food aid, while in 250 poorest districts of the country, 90% of the people will be covered. Jammu and Kashmir and the eight northeast states will also get 90% coverage since these areas are considered vulnerable to "food shocks". The bill,...
More »Left, Right vow to oppose FDI in Rajya Sabha
-The Times of India The budget session of Parliament could again be stormy with NDA and Left parties coming together to oppose FDI in retail. BJP, CPI and JD(U) on Tuesday said the government may have got the bill passed in Lok Sabha but it should not feel victorious as they would not let it pass in Rajya Sabha. BJP leader Murli Manohar Joshi even said that if NDA came to power, it...
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