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Lokpal logjam: Govt bends 70%, Anna seeks 90%

-The Times of India   A day after TOI front-paged an 'appeal' to both sides to seek common ground for the sake of the nation, Prime Minister Manmohan Singh wrote to Anna Hazare, who has been on fast for eight days, saying the government would request the Lok Sabha Speaker to "formally refer the Jan Lokpal Bill to the standing committee". This panel would consider all versions, including the government's, Team Anna's...

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Anil Ambani's R-Infra challenges SIC order bringing company under RTI ambit

-PTI   Anil Ambani-led Reliance Infrastructure Ltd has challenged an order passed by the State Information Commission bringing the company under the ambit of the Right to Information Act in the Bombay High Court, arguing that it is a private company and not a public authority. The SIC on July 19 passed an order bringing R-Infra under the ambit of the RTI after observing that though it was a private company, it...

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Crop holiday and food security by MS Swaminathan

August is usually the preferred month fo­r family holidays in Eu­­rope, because of ab­­undant sunshine and warm weather. In India, normally, this is the south-west monsoon season and a busy period for farmers. This year, ho­wever, several farm families in coastal Andhra Pradesh, the ri­ce bowl of the country, are repo­rted to have declared ‘crop holiday’. This is because the rice mills have not been lifting even last years’ crop....

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Food inflation rises 9.03%

-Reuters   India’s food price index rose 9.03% and the fuel price index climbed 13.13% for the week ended 6 August, government data on Thursday showed. Finance minister Pranab Mukherjee termed the over 9% rate of food inflation as “not acceptable”, but expressed hope that government policies and a good monsoon will help ease prices. “Food inflation at the level of 9% is not acceptable. I do hope the measures taken to remove supply...

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MFIs: Still in the doldrums by Shruti Sarma

MFIs in Andhra Pradesh are paying for the sins of their past. Market for new loans has dried up, banks have turned off their spigots while the AP government is content to sit back and watch. It has been eleven months since the Andhra Pradesh government issued an ordinance—later converted into the Andhra Pradesh Micro-Finance Institutions (Regulation of Money Lending) Act—which, the microFinance industry hoped, would be the magic remedy that...

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