The Andhra Pradesh Microfinance Institutions (Regulation of Money Lending) Ordinance, 2010, suggests there’s more politics than understanding of economics that went into it. The setting up of district registering authority under the ordinance, with elaborate powers to even cancel licences, will increase risks of operations posing serious hazard to business plans and will jeopardise the whole MFI network. Especially stifling is the requirement that MFIs have to submit a monthly...

The fate of South Korean steel giant Posco’s project in Orissa will be decided by early November. The decision will be taken before Prime Minister Manmohan Singh travels to Seoul for the G-20 meet in the second week of November. The environment ministry-appointed committee headed by former environment secretary Meena Gupta will submit its report on October 18. Sources said that there are indications that the panel will not be submitting...

The Assam government will introduce biometric smart cards for beneficiaries in three districts of the state on a pilot basis in order to make the public distribution system more transparent and efficient. Assam food and civil supplies minister Nazrul Islam today announced that the Centre has cleared a Rs 8-crore proposal submitted by the government to computerise the system in three districts. Under the scheme, the beneficiaries will be issued biometric ration...

If Haryana were a country, it would be fifth on the gold medal winners’ list at Delhi 2010 — after Australia, England, Canada and India-minus-Haryana. Fifteen of India’s 38 gold at the Commonwealth Games — nearly 40 per cent of the country’s best-ever haul — have been won by athletes from Haryana. For perspective, Haryana has 2 per cent of the country’s population and occupies 1.37 per cent of its land...

In a recent judgement, the State Information Commissioner Vijay Kuvalekar has said that Trusts  or institutions that are not directly substantially funded by the government, but still indirectly receive funds to run schools, courses, colleges, come under the Right to Information (RTI), Act. Kuvalekar, in his judgement said that indirectly, since the parent institute is getting the funds for institutes run by them, the RTI is applicable. The judgement came in the...