The Reserve Bank of India, RBI, and the finance ministry seem to have differences on the way banks should go about ensuring financial inclusion. While both the regulator and the ministry are passionate about providing banking Services at low cost to the disadvantaged, a difference of opinion between the two has confused bankers.  Recently, the finance ministry told banks that every business correspondent outlet should be converted into an ultra-small branch....

Soon, the country’s estimated 40 million people with disabilities will be able to track job opportunities at the click of a mouse. www.jobability.org will be launched tomorrow at a national conference on livelihood for persons with disability held by business chamber Ficci. The site is designed to be friendly for the disabled and will be exclusively for use by such people. The portal, the first such initiative in South Asia that...

-The Telegraph The government today set up an expert committee to suggest a new methodology for determining who is poor and who is not, following widespread condemnation of its existing criteria last year. However, the five-member committee headed by C. Rangarajan, chairman of the Prime Minister’s Economic Advisory Council, will also examine the existing methodology, which was suggested by a previous expert panel formed under Suresh Tendulkar. Tendulkar’s methodology was solely based on...

-PTI US-based Facebook Inc, accused of hosting allegedly objectionable content, today told a court here that the content on its website www.Facebook.Com is owned by its users while it is only an intermediary. "Facebook Inc is an intermediary that acts as a host and permits its users to post their messages, photos, content and other information on www.Facebook.Com. "The content on www.Facebook.Com is owned and controlled by users and Facebook Inc only acts...

The Parliament of India, the highest citadel of its democracy, recently completed 60 years. This magnificent circular edifice was inaugurated on January 18, 1927, by the then governor-general, Lord Irwin, and legislative councils had conducted its sessions here. After Independence, the Central Hall accommodated the Constituent Assembly till it completed writing the Constitution. The first Lok Sabha was constituted on April 17, 1952, and the first Rajya Sabha on April...