It will provide credit risk guarantee to banks on the loans Prime Minister Manmohan Singh on Tuesday announced that the Centre was considering setting up a credit risk guarantee fund with a corpus of Rs. 1,000 crore, to start with, to encourage banks to lend to the poor for housing. Emphasising that developing housing for the poor was critical for sustainable urban development, he said: “To encourage banks to lend in significant...

Global experience in retail trading by MNCs does not tally with the presumptions on which the UPA government's FDI policy is based. IN the course of the debate on the need to permit foreign direct investment in retail in India, two arguments have been advanced often. The first argument is that large organised retail is good for not just consumers, who would benefit from lower prices owing to cost efficiencies...

The government believes it is more important to be seen to be doing things than to be doing them well. The proposed food security legislation is another example of this tendency. The legislation exemplifies the self-defeating obduracy of bureaucratic modes of thinking. But the debate around it also exemplifies a failure of intellectual argument in India. Our debates often have this character. First, we spend a lot more time arguing...

The wait to know whether your child's school admission is confirmed just got longer. Many city schools have put admission on hold, thanks to the confusion prevailing over some provisions of the Right to Education (RTE) Act. The landmark law, which guarantees every child education, has also made it mandatory for all schools, including private institutions, to set apart 25% of their seats for the under-privileged. Though it was passed in...

-The Hindu   Not a single person should die this winter from the freezing cold: Supreme Court Expressing concern over the lot of homeless persons during the winter, the Supreme Court on Monday directed Delhi and other States to ensure that adequate shelters were provided for night stay. The Bench observed that not a single person must be allowed to die from having to sleep on the pavement in the freezing cold. A Bench...