Anna Hazare told his supporters to prepare for a bigger battle against the government, if the Parliament fails to pass the Lokpal Bill, a law that the country has been waiting for more than 40 years. Setting August 15 as the deadline, Hazare said that certain corrupt politicians might not let the bill pass easily and if need be a stronger fight against corruption would be required. "This is the battle,...
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Lokpal bill in monsoon session, fast track courts for corruption cases
Government will introduce the Lokpal Bill during the Monsoon Session of Parliament, and once passed, corruption cases will be handled by fast track courts for speedy disposal, Minister of State for Parliamentary Affairs Ashwini Kumar on Saturday said. Describing corruption as a "national issue" and not the concern of just an individual or any political party, Kumar told reporters here that the government's accountability and responsibility would increase with the passage...
More »Govt says yes to joint panel, no to Anna Hazare as chairman
The massive and spontaneous outpouring of support for social activist Anna Hazare's crusade against corruption has forced the government to sit up, take notice and say yes to a joint committee to draft the Lokpal Bill. But it is holding out on agreeing to Anna Hazare heading that panel. On the third day of Anna's fast, the government reached out first with an offer to set up an informal group, including...
More »Anna Hazare rejects govt offer of informal panel to rewrite Bill
The new Lokpal Bill panel will have equal representation from civil society, but it will remain an informal committee, the Union government told social activist Anna Hazare on Thursday, whose 'satyagraha' for a stringent anti-corruption legislation entered its third day. Hazare's supporters are disappointed there will be no formal notification issued on this committee which would have made it binding on the government to go by it. The deadlock, therefore, continues though...
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...
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