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PM mulls Rs.1,000 crore corpus for housing poor

-IANS The government is considering creating a corpus fund of Rs.1,000 crore ($18.7 million) in the current fiscal that would encourage banks to give housing loans in 'significant volumes' to the urban poor, Prime Minister Manmohan Singh said Tuesday. Addressing a conference on the Jawaharlal Nehru National Urban Renewal Mission (JNNURM) here, Manmohan Singh said the corpus of Rs.1,000 would be set aside to create a credit risk guarantee fund that could...

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Lopsided growth by Venkitesh Ramakrishnan

U.P.'s GDP grew at 7.28 per cent in the past five years, but the State ranks low in virtually every area of socio-economic development. IF statistics on gross domestic product (GDP) are the only criteria to evaluate the performance of a government, the Mayawati-led Bahujan Samaj Party (BSP) government in Uttar Pradesh will have to be rated as one with highly impressive credentials. For, India's most populous State has recorded a...

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MPs want a status upgrade, lal batti cars

-The Times of India   Use of red light beacons atop cars and an upgrade in the warrant of precedence to serial number 17 from 21 at par with chief justices of high courts outside their jurisdictions and chairpersons of statutory bodies are part Lok Sabha's privileges committee's latest recommendations. In its report tabled on Wednesday, the committee suggested that the Highways ministry be asked to issue a notification under the Central Motor...

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Jairam Ramesh's controversial Land Bill draws flak by AM Jigeesh

-India Today   Rural Development Minister Jairam Ramesh's pet land acquisition, rehabilitation and resettlement Bill, 2011 has run into major roadblocks in the parliamentary standing committee. Various stakeholders, including farmers' organisations, NGOs and legal experts contend that in its present form, the Bill is an empty shell that exempts 90 per cent major development projects - Highways, nuclear plants, mines, SEZs et al-in the name of which, land is being acquired across...

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Regard for bard, disregard for unifier by Dipankar Roy

They observed a minute’s silence for the 1,180 martyrs of Bodoland movement. That’s routine. They observed a two-minute silence for Bhupen Hazarika. That’s a huge departure from routine. The silence would have been that of a graveyard, but for the whirring of the generator set at one corner of the field at Silikabari, 6km south from where the Absu’s five-day cycle rally covering 10 districts culminated this morning. It was no coincidence...

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