In an attempt to extend the reach of banks in rural and semi-urban areas, the Finance ministry has asked public sector banks to integrate their operations with regional rural banks (RRBs). "Charges for various banking services used by customers of RRBs are to be aligned with the sponsoring banks," a Finance ministry official said on condition of anonymity. "Further, cheques or drafts issued by RRBs should be treated at par...

Dr. Tishyarakshit Chatterjee, Secretary, Ministry of Environment & Forests (MoEF), recently underlined the need to design carbon markets to address the short-term needs of investors in manufacturing, save fossil fuels for the future and meet the compulsions of environmental probity, sustainability, entrepreneurship and innovation over a long period. Addressing the India Carbon Market Conclave 2011, organized jointly by FICCI and the MoEF, in partnership with The World Bank and the International...

In an attempt to bolster its aam aadmi image, the government is setting up the Aajeevika Development and Financial Corporation, a financial institution to ensure easily available funding for self-help groups under the National Rural Livelihood Mission. Problems in accessing credit for families below poverty line have been a major hurdle for the livelihood mission. The rural development ministry is in the process of inter-ministerial consultations on the proposed financial...

-The Indian Express   With UPA constituent Trinamool Congress today joining the Opposition in critising the Communal Violence Bill, the Union government said that the legislation as drafted by the National Advisory Council (NAC) was not final. West Bengal Chief Minister Mamata Banerjee was among the eight CMs who stayed away from the National Integration Council (NIC) meeting held in Delhi today, with communal violence on its agenda. Narendra Modi (Gujarat), Nitish Kumar...

Mamata Banerjee’s Trinamul Congress today expressed “serious objections” to the proposed bill against communal violence, saying the current draft undermined the country’s federal structure. The BJP said it would intensify its campaign against the Prevention of Communal and Targeted Violence (Access to Justice and Regulations) Bill, 2011, emboldened by the objections of other non-Congress parties, although none backed its pet “bias against Hindus” line. ( ) Mamata did not attend the National...