-The Indian Express Setting up women-only banks overlooks the reasons for their exclusion The women-only bank mentioned in the Finance minister's budget speech is like flowers and chocolates — a sweet thought but just as unsubstantial. Financial exclusion of women is a real problem. It deserves far greater effort than sops like a women-only bank. Such a bank also runs counter to the logic of mainstreaming, rather than ghettoising, gender issues. It is...
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Short-Lived Relief -Lola Nayar
-Outlook The rot runs deep and cuts across states As expected, the farm loan waiver scam has hit the spotlight, with the Comptroller and Auditor General’s critical report being released in Parliament. Given the intense political grandstanding on display, many think this report (on the gaps in the implementation and monitoring of the Rs 52,275-crore scheme) has the potential to be a major political embarrassment for the UPA ahead of the...
More »World Bank bans L&T for forgery
-PTI Castigates the company for fraudulent practices in winning an aided project in Tamil Nadu The World Bank has barred Larsen & Toubro (L&T) from doing any business with it or the projects funded by it for six months, after finding that a senior executive of the conglomerate has indulged in fraud. The debarment will continue till September 6, making L&T ineligible for being awarded contracts for any World Bank-funded projects, from receiving...
More »PM calls special cabinet meet to pass anti-rape bill
-The Hindustan Times Racing against time to meet the March 22 deadline for getting Parliament’s nod on its tougher anti-rape bill replacing the existing ordinance, Prime Minister Manmohan Singh has called a special cabinet meeting on Tuesday to approve the proposed legislation. On a day when Congress chief Sonia Gandhi promised a quick passage of the bill and said crimes against women make “our heads hang in shame”, the government went into...
More »The taxman is watching, says FinMin-Remya Nair
-Live Mint Govt reiterates it will crack down hard on tax evaders, defends steps introduced in Finance Bill to check evasion The government on Tuesday reiterated its intention to crack down hard on tax evaders and defended some of the stringent provisions introduced in the Finance Bill last week to check evasion, including granting wider powers of arrest to taxmen and making certain offences non-bailable. Finance minister P. Chidambaram, in his budget speech...
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