Given a positive regulatory environment, banks and other financial interMediaries will certainly be interested in using the smart card opportunity. Dr Arvind Virmani, with a Ph.D. from Harvard and 30 years of professional experience, is one of the most valued economists in the Government. Before he retired as Chief Economic Advisor in 2009, he had served in the Finance Ministry and the Planning Commission. A researcher par excellence, his research papers...
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India only 4th most corrupt in Asia Pacific
India finds itself bracketed with countries like Philippines and Cambodia, rated as the fourth most corrupt nation among 16 countries of the Asia Pacific region surveyed by leading Hong Kong-based business consultancy firm PERC. The Political and Economic Risk Consultancy Ltd (PERC) rated India at 8.67 on a scale of zero to 10 with the high end being the worst case of corruption scenario and ahead of the Philippines (8.9 points),...
More »Jairam meets Sheila, Hooda over Yamuna pollution by Smriti Kak Ramachandran
Duo told to ensure untreated effluents are not released into river Delhi and Haryana on Sunday agreed to keep their end of the bargain by deciding to take reMedial measures for curtailing pollution in the Yamuna. At a meeting presided over by Union Environment and Forests Minister Jairam Ramesh, Chief Ministers of Delhi and Haryana were handed over the to-do list for ensuring that untreated effluents are not released into the...
More »New draft of MFI Bill to give more teeth to RBI by Dinesh Unnikrishnan
The earlier draft covered only non-NBFC MFIs incorporated as trusts and non-governmental organizations that constitute a very small part of the total industry The proposed microfinance Bill for governing India’s Rs. 22,000 crore microlending industry is set to give more teeth to the Reserve Bank of India (RBI) to regulate larger microfinance institutions (MFIs). This will be done by removing such entities from the purview of laws enacted by state governments...
More »Indian newspapers love politics and business
Guess what hogs the news? In a country plagued by rural problems and social ills, it's politics and business that find the maximum coverage in newspapers and not health, education, agriculture or environment. A comprehensive study of 10 newspapers in five states from mid-September to mid- November 2010 by The Hoot, a Media monitor, found that political news constituted the maximum - 15.7 percent of the total news items, followed by...
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