-The Hindu In the eye of the storm for funding corporate warehousing projects on terms far softer than those offered to poor farmers, the National Bank for Agriculture and Rural Development (NABARD) is now blaming the Ministry of Finance (MoF) and the Reserve Bank of India (RBI) for the transgressions. Following a story in The Hindu, (‘As farmers suffer, NABARD offers soft loans to corporates, ' December 10, 2012), NABARD came under...
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RBI probes Cobrapost report, reveals violations by banks: sources
-CNN-IBN New Delhi: The Reserve Bank of India is probing the Cobrapost sting operation on alleged money laundering by top banks. The RBI report has revealed major irregularities in top banks. The report shows string of violations on several counts. Sources say the RBI report reveals dummy PANs, unknown NRO IDs, unauthorised gold sale, rampant non-compliance of KYC norms and irregular staff trips. Sources say the RBI probe into ICICI Bank reveals cash...
More »Frontiers without doctors-D Thamma Rao
-The Hindu The south leads in the number of medical and nursing seats, with for-profit private colleges dominating the scene. It will take major capacity expansion in the government sector to meet WHO norms on Access to health professionals. India has achieved major organisational and technological successes but the health system's performance is abysmal. This cannot be attributed to poverty. It is poor health that places India 134th in the Human Development...
More »Rural Mission to be executed in phased manner-Girija Shivakumar
-The Hindu The government has reiterated that it will implement the National Rural Livelihoods Mission (NRLM) in a phased manner to ensure targeted and time-bound delivery of results. Recently, in a reply to a question posed in the Lok Sabha, Minister of State for Rural Development Pradeep Jain had said that it was the NRLM's mandate to guarantee that at least one member from each identified rural poor household, preferably a woman,...
More »Supreme Court raises Posco hopes on iron ore- Gaurav Jain and Ruchira Singh
-Live Mint Court says government should decide allocation of captive mine; move could lead to protests by rival steel makers New Delhi/Mumbai: A Supreme Court (SC) order on Friday raised the prospect that Posco's showcase $12 billion (`65,400 crore today) steel project in Orissa, stalled for at least six years, could be allocated a captive iron ore mine, but experts said such a move could lead to protests by other firms...
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