-The Hindu Banks continue denying loans to low-income groups, insisting on sticking to a standard EMI route even though they are dealing with a complex social issue. In July 2012, Pradeep Kumar, a 36-year-old resident of Ladpur, a shanty town that sits on the north-western periphery of Delhi, applied for an employment loan at the magistrate’s office in Kanjawala district. Under the Pradhan Mantri Rozgar Yojana or PMRY — a funding policy...
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Lifting of Iran sanctions boon for basmati -Dilip Kumar Jha
-Business Standard Export to Iran might hit a record high Lifting of global economic sanctions on Iran could, it is hoped in the trade, enable a new record for basmati rice export to that country from here in 2015-16. Iran is also expected to cut import duty on Indian basmati from 40 per cent now to 20 per cent from the new season, starting October. Our basmati export was a record 1.44 million...
More »DoT releases net neutrality report, upholds key principles
-The Times of India Tech The Department of Telecom has released its report on net neutrality in India. The report, which runs in over 100 pages, upholds the key principles of of net neutrality. Below are the key recommendations of the report. 1) The Committee unhesitatingly recommends that "the core principles of Net Neutrality must be adhered to." 2) The international best practices along with core principles of Net Neutrality will help in...
More »Delhi eyes state route for land bill changes -Basant Kumar Mohanty
-The Telegraph New Delhi: NDA-ruled states cannot "wait indefinitely for consensus" on amendments to the Centre's land bill and want to pass their own laws for smooth acquisitions, finance minister Arun Jaitley said today. Some lawyers said while many states have framed amended rules in the past, these were at variance but not in "complete contradiction" to the central land law. Jaitley was speaking after a meeting of the governing council of the...
More »Social Safety nets require more public funding
The nation can be proud of running some of the world's largest programmes on social safety nets, says the latest report by World Bank. However, public spending on safety nets is still low in comparison to neighbouring countries Bangladesh and Pakistan. India tops the list of 136 countries for running the world's largest school feeding programme i.e. the Mid Day Meal Scheme (MDMS), and also the biggest public works programme i.e....
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