Indian Centre for Islamic Finance delegation makes presentation at Yojana Bhavan The Indian Centre for Islamic Finance (ICIF) has made out a strong case before Prime Minister's Economic Advisory Council member V. S. Vyas for introducing interest-free banking in the country at the earliest to ensure “inclusive growth with innovation” in accordance with the recommendations of the Planning Commission's Raghuram Rajan Committee. An ICIF delegation from New Delhi, led by its general...
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Unorganised sector a major challenge: Kharge
Union Minister for Labour and Employment Mallikarjun Kharge said the major challenge facing India today was that of the unorganised sector. He was speaking at the second World Social Security Summit organised by the International Social Security Association in Capetown, South Africa, on Friday. Mr. Kharge is heading a six-member high-level delegation from India, which held discussions with several Labour Ministers of the nearly 120 countries participating in the meet. Mr. Kharge...
More »Home ministry not in favour of merging BPL, caste censuses by Sahil Makkar and Ruhi Tewari
The home ministry is opposing a proposal by the rural development ministry to merge a census to identify families living below the poverty line with the caste census, raising the possibility of a conflict between two key ministries. “We have objected to the move as it would lead to many complications,” said a home ministry official. The rural development ministry had recommended carrying out the two enumerations simultaneously to accelerate the process...
More »Ministry for merging BPL, caste censuses by Ruhi Tewari & Sangeeta Singh
In a move that might put the Union government in conflict with the states, the ministry of rural development has recommended merging the census to identify below poverty line (BPL) families with the caste census to accelerate the process of determining the number of poor, according to a person familiar with the matter. The caste census, conducted by the Registrar General of India, or RGI, is due to begin on 1...
More »Bribe scam unearthed; top LIC, bank officials held by Vinaya Deshpande
The Economic Offences Wing of the Central Bureau of Investigation has unearthed a multimillion-rupee bribery scam and arrested top officials of public sector banks and financial institutions, including the Chief Executive Officer of the Life Insurance Corporation Housing Finance Limited. On Tuesday, the CBI conducted raids in Mumbai, Delhi, Chennai, Jaipur, Kolkata and Jalandhar and seized some documents. “Five separate cases have been registered,” Joint Director P. Kandaswamy told a press...
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