The Finance Ministry has launched a concessional loan scheme for farmers to prevent distress sale of agricultural produce. Farmers who park their produce at warehouses will be able to avail short-term post harvest loan at 7% as against the prevailing rate of 11%-12%. Farmers making timely payment of the loans will further enjoy 3% interest subvention, bringing the real interest rate to 4%, according to the Finance ministry directive. This will benefit...

-The Times of India   The states would milk the Centre by arbitrarily hiking their 'minimum wages' if workers in the job guarantee scheme were to be paid by the "minimum wages Act", the Centre cautioned while appealing against a court order quashing power to fix remuneration under MGNREGA. Union rural development ministry has sought revision of the Karnataka high court order giving in to the Finance ministry's pressure despite the fear...

-The Telegraph The dam burst today. The Federation of Indian Chambers of Commerce and Industry (Ficci) has issued a public statement on the AMRI fire and subsequent arrests, demanding the immediate release of those “not responsible for day-to-day operations of any business”. “Those who are not found guilty and are not responsible for day-to-day operations of any business should be released immediately,” said the statement titled “Ficci’s stand on fire at AMRI Hospital”. The...

-The Hindustan Times   Different Central government departments have different interpretations of the transparency law, Right To Information, when it came to disclosing information. While some government departments have proactively disclosed the information, others have denied similar information citing prohibitory clauses of the RTI law. This reporter had filed a RTI application with the Cabinet Secretariat seeking copies of the minutes of the Group of Ministers and Empowered Group of Ministers constituted since June...

The Union government has tabled two bills in the Lok Sabha in the last week of the winter session. Since one of them is the lok pal bill, it has hijacked virtually all the public attention. This is a pity for two reasons. First, there is considerable doubt whether the lok pal bill — in any form — can really be the magic solution that Team Anna would like us...