-First Post In an interview with Firstpost, Ajay Chhibber, Regional Director of the UNDP, tells us why India ranks low on the Human Development Index, below China, Sri Lanka and Iran, what we need to do to improve our standing and why welfare schemes are not to be blamed for poor growth or inflation. Excerpts from the interview: * Why does India lag other BRIC countries in the HDI ratings? Compared to the other...
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India Post readies plan to start bank -Sidhartha & Saurabh Sinha
-The Times of India The Reserve Bank of India having opened the window for new bank licences, the postal department is finalizing the blueprint to set up a bank of its own at your neighbourhood post office, a move that will challenge the dominance of large public sector lenders in smaller towns and rural India. While the department already has a balance sheet of Rs 6.18 lakh crore, which includes deposits of...
More »GoM for lowering age of consent to 16-Smita Gupta
-The Hindu A year after the United Progressive Alliance government passed the Protection of Children from Sexual Offences Act, raising the age of consent for sex from 16 years to 18, the Group of Ministers (GoM) set up on Tuesday to suggest changes in the new draft law to check crimes against women has recommended reducing it to 16. Currently, Section 375 of the IPC says that one of the conditions for...
More »Cobrapost's Shocking Mega Expose: Major Indian Private Sector Banks, HDFC Bank, ICICI Bank and Axis Bank, Are Blatantly Running A Huge Nation-wide Money Laundering Racket
-CobraPost.com Cobrapost's Shocking Mega Expose: Major Indian Private Sector Banks, HDFC Bank, ICICI Bank and Axis Bank, Are Blatantly Running A Huge Nation-wide Money Laundering Racket New Delhi: A Cobrapost pan-India undercover investigation spanning several months, unearths a vast, nation-wide money laundering racket being run by HDFC Bank, ICICI Bank and Axis Bank. The brazen criminal activity by these banks is channelizing vast amounts of black money into the regular banking...
More »Differences over rape laws resolved, age of consent to be 16
-The Indian Express Differences within the Cabinet over the proposed amendments to rape-related laws were resolved Wednesday when a Group of Ministers recommended that the phrase “sexual assault” be replaced with the word “rape” in all laws, age of consent for sex be retained at 16, and a provision that provides for punishment for filing false complaints be done away with. The recommendations of the GoM, headed by Finance minister P Chidambaram,...
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