-Live Mint Experts say private banks achieve lending obligations by buying out loans from non-banking entities Most private banks in India have not been able to meet the needs of farmers although they are expanding their rural and semi-urban branch network. This is why the Reserve Bank of India (RBI) is insisting that at least one-fourth of the branches of the new banks that will be given a licence must be located...
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Support for English, not ‘regional’ hurdle-Basant Kumar Mohanty
-The Telegraph Teachers have backed a proposal to make aspiring civil servants’ English marks relevant to final selection but opposed suggested curbs to their freedom to write the other papers in their regional languages. The proposed reforms, notified by the Union Public Service Commission (UPSC) on March 5 for introduction this year, are being held in abeyance by the Centre following an uproar in Parliament. An expert panel had recommended the changes, one...
More »Muslims join pledge on women's rights-Edith M Lederer and David Randall
-The Independent Hardliners defied as historic blueprint to tackle violence against girls and women is agreed at the United Nations A remarkable coalition of Conservative Muslim, Roman Catholic, and liberal Western countries have joined together to approve a historic United Nations blueprint to combat violence against women and girls. In doing so, they ignored strong objections from Egypt's Muslim Brotherhood that it clashed with Islamic principles and sought to destroy the family. But...
More »Sting operation reveals money laundering by top banks
-The Times of India An undercover sting investigation across India has shown up startling videos of bank executives of three leading private banks - HDFC, ICICI and Axis - providing ready assistance to a reporter, posing as a minister's aide, for laundering black money into white through the banking system in clear contravention of banking norms and laws. Shaken by the disclosure, the three banks asserted that they were committed to transparent...
More »Govt Finalises Draft Bill to Provide Shelter to Homeless
-Outlook Ahead of the Lok Sabha elections due next year, the UPA government has finalised a draft Bill for providing homes to the homeless in rural areas. The draft of the National Right to Homestead Bill, 2013, prepared by the Rural Development ministry, is almost ready for inter-ministerial consultation, official sources said today According to the eleventh plan document, an estimated 13 to 18 million families in rural India are landless, of which...
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