The Sports and Youth Affairs Ministry has moved the Cabinet note on the revised Sports Development Bill for inter-ministerial consultations. The Bill seeks to bring about accountability and transparency in the administering of sports. Dissent note The Bill, which has drawn support from various quarters including eminent sportspersons and members of the civil society, is aimed at bringing about efficiency and transparency in the working of the national sports federations and seeks...
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‘Disclose confidential financial inspection reports of banks’
-The Deccan Herald In an attempt to usher transparency regarding functioning of the banking sector, the Central Information Commission on Friday directed the Reserve Bank of India (RBI) to reveal the details of Annual Financial Inspection (AFI) reports of banks and also the fines imposed on them based for violating rules. Direction to make public the annual inspection reports of banks was given by Information Commissioner Shailesh Gandhi while he overruled the...
More »“Government tinkering with parliamentary system”
The Communist Party of India (Marxist) on Tuesday charged the United Progressive Alliance government with attempting to “tinker with” the parliamentary system to suit the United States and its companies by “diluting” the rules of the Nuclear Liability Act. Referring to Prime Minister Manmohan Singh's statement that the rules framed for the Act would sit in Parliament for 30 days, CPI(M) Rajya Sabha leader Sitaram Yechury said so far the Committee...
More »What’s Wrong and Right with Microfinance by David Hulme and Thankom Arun
Recent events in south Asia have led to an unexpected reversal in the narrative of microfinance, long presented as a development success. Despite charges of poor treatment of clients, exaggeration of the impact on the poorest as well as the risks of credit bubbles, the sector can play a non-negligible role in reaching financial services to low-income households. In regulating the sector, there is need for caution in setting interest...
More »Joshi asked for 2G audit findings: CAG documents by Appu Esthose Suresh
The internal documents of the CAG present a different picture to the one presented by PAC’s chairman Murli Manohar Joshi The chairman of the Public Accounts Committee (PAC) tried repeatedly to get the government’s auditor to share with him details of its audit of the controversial allocation of second-generation telecom spectrum in 2008 (known as the 2G scam), according to documents reviewed by Mint. The internal documents of the Comptroller and Auditor...
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