Financial sector expert Y.H. Malegam will head a Reserve Bank of India (RBI) panel to look into the functioning of microfinance institutions or MFIs and their regulations. The MFIs are in the business of giving tiny loans. Kumar Mangalam Birla, Shashi Rajagopalan and U.R. Rao – all on the boards of the Indian central bank – and RBI deputy governor K.C. Chakrabarty are the members of the panel. The committee, which will...
More »SEARCH RESULT
Total Matching Records found : 3644
Hawkers' fundamental right can't be left in limbo: court by J Venkatesan
Observing that hawkers have a fundamental right to carry on their business, the Supreme Court has asked the Delhi Government to enact a law to regulate their trade keeping in mind also the right of commuters to use roads without any impediment. “Before June 30, 2011, the appropriate government is to enact a law on the basis of the Bill mentioned [by the authorities] or on the basis of any amendment...
More »CPM promises to bring in drastic land reforms
The three partners of the Left alliance will agitate for implementation of the recommendations of the D Bandopadyaya Commission on land reforms. Releasing the manifesto of the CPM here on Wednesday, its state secretary, Vijaykant Thakur, said that the Left alliance would also ask the government to bring in drastic land reforms on the pattern on Tripura, West Bengal and Kerala. He claimed, "In our manifesto, the Left parties have given alternative...
More »Supreme Court to Centre: enough is enough, no more wastage of grain by J Venkatesan
Ensure proper distribution to targeted PDS beneficiaries The Supreme Court on Monday wanted the Centre to ensure that there was no further wastage of foodgrains and that there was proper distribution to the targeted beneficiaries. Justice Dalveer Bhandari, hearing a Public Interest Litigation petition on streamlining the Public Distribution System, told Additional Solicitor-General Mohan Parasaran, who said the wastage was 7,000 tonnes and not 70,000 tonnes: “Enough is enough. We don't want...
More »Posco's Planned $12 Billion Indian Steel Plant in Doubt After Panel Report by Abhijit Roy Chowdhury and Abhishek Shanker
Posco’s proposed $12 billion steel plant in India is in doubt after a government panel recommended scrapping environment clearances given to the world’s third largest steelmaker. Three of the four members of the panel suggested that approvals should be canceled because of “flaws in the studies, and shortcomings in the clearances granted” to the project in the eastern state of Orissa, Environment Minister Jairam Ramesh told reporters yesterday in New Delhi....
More »
