-Outlook Kochi: Reserve Bank Governor D Subbarao today ruled out introduction of Islamic banking in the country but said other methods for channelising funds based on the principles of Islamic law can be looked at. "Islamic banking is not possible", he said, adding the central bank could look at other vehicles based on Islamic banking principles to channelise NRI funds. Replying to a question on the issue, Subbarao said: "There are some legal...
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What Shunglu report? It’s plain anger -Ramaswamy R Iyer
-The Hindu The intention behind the move to make the CAG a multimember body is not to activate the Shunglu Committee’s report but a desire to clip the auditor’s wings During the last few days there have been many comments on the report that the government of India was considering a proposal to make the Comptroller and Auditor General of India (CAG) a multimember body. The move has been widely seen as...
More »Delivering food to a billion people -Yoginder K Alagh
-The Hindustan Times India's food problem is bifocal. A fast growing democracy cannot continue to live with any more deaths due to hunger and malnutrition. Simultaneously, it has to resolve the problem of meeting the rapidly rising food needs of a growing economy or what is called food inflation, basically an inability to grow and deliver food adequately and efficiently to meet the rising and diversifying demand. Indians are good demand modelers....
More »Multi-member CAG plan still on table -Pradeep Thakur
-The Times of India Denials notwithstanding, the government indeed has been considering the idea of turning the Comptroller and Auditor General into a multi-member body as minister of state in Prime Minister's Office V Narayanaswamy said last week. Although the government had dropped the idea of turning the CAG into a multi-member body, agreeing with the federal auditor that the existing structure with a singular head was fine, it dusted off the...
More »Acid attack victim struggles in Safdarjung, NCPCR helps out -Jyotsna Singh
-Deccan Herald A 15-year-old girl from Siwan, Bihar, was admitted in critical condition to the burns unit of Safdarjung hospital, after a classmate threw acid on her leading to complete blindness in one eye, burnt face, and breathing, speaking and hearing impairment. The National Commission for Protection of Child Rights (NCPCR) has asked the Bihar government to release immediate financial assistance for the child’s treatment. Tuba Tabassum, a class-X student, left for tuition...
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