Veteran social activist Anna Hazare Monday said he is starting a 'fast unto death' to press for the demand to involve civil society in formulation of the anti-graft Lokpal (ombudsman) Bill. 'I will fast unto death, as announced earlier, as the prime minister has refused to form a joint committee with civil society members in it for the formulation of the Lokpal Bill. Even if I lose my life, I will...
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PAC summons Radia, Ratan Tata
Representatives of Swan Telecom, Reliance, Airtel and Unitech also told to appear before it The Public Accounts Committee (PAC), headed by Murli Manohar Joshi, has summoned corporate lobbyist Niira Radia and Tata Group Chairman Ratan Tata for questioning on April 4 on purported irregularities in the grant of telecom licences. The PAC has also asked representatives of Swan Telecom, Reliance, Airtel and Unitech to appear before it. A Tata spokesperson said Mr....
More »New draft of MFI Bill to give more teeth to RBI by Dinesh Unnikrishnan
The earlier draft covered only non-NBFC MFIs incorporated as trusts and non-governmental organizations that constitute a very small part of the total industry The proposed microfinance Bill for governing India’s Rs. 22,000 crore microlending industry is set to give more teeth to the Reserve Bank of India (RBI) to regulate larger microfinance institutions (MFIs). This will be done by removing such entities from the purview of laws enacted by state governments...
More »Judicial check by V Venkatesan
The quashing of the appointment of P.J. Thomas as the CVC shows the judiciary can go beyond the express provisions of law to render justice. THE Indian Constitution does not envisage strict separation of powers among the three branches of the government – the executive, the legislature and the judiciary. This flexibility permits marginal incursions though one branch cannot usurp the essential functions of the other. One of the essential functions...
More »Long way to go by PS Krishnan
Budget 2011-12 and the Scheduled Castes and Scheduled Tribes. THREE decades ago, in the early years of the Special Component Plan (SCP) for Scheduled Castes – very recently renamed inappropriately as Scheduled Castes Sub-Plan (SCSP) – Indira Gandhi on her return as Prime Minister wrote two historical D.O. letters dated March 12, 1980, one to Central Ministers and the other to State Chief Ministers, regarding the SCP in the Central...
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