One of the key factors to inclusive growth is financial inclusion for all. Financial inclusion refers to universal access to a wide range of banking solutions and financial services in a fair, predictable and transparent manner at affordable costs. The poor tend to be ignored because the transaction costs in serving them are high. Initiatives that reduce these costs will allow service providers to begin thinking of financial services for...
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Govt gives nod for CAG audit of discoms’ accounts by Utkarsh Anand
Bowing to the clamour for scrutiny of the accounts of private power distribution companies operating in the city, the Delhi government has finally approved their audit by the Comptroller and Auditor General (CAG). According to a cabinet note, the government sanctioned an audit of the three discoms — BSES Yamuna and Rajdhani, and NDPL — “since inception.” The decision to get a CAG audit carried out was disclosed during a hearing in...
More »Mayawati's wealth doubled to Rs 111.64 crore during her term as chief minister by Ashish Tripathi
Bahujan Samaj Party (BSP) president Mayawati's assets doubled to Rs. 111.64 crores (approx. $22 million) during her term as chief minister of Uttar Pradesh. In her affidavit filed along with the nomination for the Rajya Sabha (upper house of Parliament) elections on Tuesday, Mayawati has declared total assets of Rs 111.64 crore, which is more than double of Rs. 52 crore she declared in May 2007 when she contested for the...
More »The time is not ripe
-The Hindustan Times The UPA’s record of policy flip-flops endures. The latest instance is a ban on exports of cotton that seems headed for revocation less than a week after it was announced. The commerce ministry’s line that India has exported more cotton this season than it can afford to without hurting consumption at home does not wash with partners of the ruling alliance or with the political bosses of cotton...
More »Water crunch looms without action on waste, says UN report
-AFP Water problems in many parts of the world are chronic and without a crackdown on waste will worsen as demand for food rises and cLIMate change intensifies, the UN warned on Sunday. Issued on the eve of a six-day gathering on world water issues, the United Nations, in a massive report, said many daunting challenges lie ahead. They include providing clean water and sanitation to the poor, feeding a world population set...
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