-The Telegraph The Centre has reached an agreement with the BJP to pass a bill on pension reforms in the next “two or three” days, according to a cabinet minister. It has also been working on UPA partner Trinamul Congress, which is opposed to the bill. The BJP agreed after the government gave in on two of its demands related to the legislation, the Pension Fund Regulatory and Development Authority Bill, 2011. One was...
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NABARD allocates Rs 2,000 crore for foodgrain storage warehouses
-PTI National Bank for Agriculture and Rural Development (NABARD) today said it has earmarked Rs 2,000 crore for building warehouses which will help in facilitating distribution of foodgrain to poor under the proposed Food Security Act. "Under RIDF ( Rural Infrastructure Development Fund), we have proposed to provide funds to the tune of Rs 2,000 crore exclusively for construction of scientific godowns across the country in this fiscal," NABARD Executive Director S...
More »MPs want package for micro, small and medium enterprises
-PTI A strong demand was made in the Lok Sabha today for a package for the micro, small and medium enterprises, which are facing problem on account of the economic slowdown. Members from different parties made the demand while participating in a discussion on the Regulation of Factors (Assignment of Receivables) Bill, 2011. Shailendra Kumar (SP) demanded that Government should set up a special fund to help the MSME sector. Gorakhnath Pandey (BSP) said...
More »Bill provides for cost sharing with States by Gargi Parsai
The controversial targeted National Food Security Bill, which got the nod of the Union Cabinet on Sunday, is a pet project of United Progressive Alliance chairperson Sonia Gandhi. However, the recommendation made for near-universalisation by the National Advisory Council chaired by Ms. Gandhi, was set aside by the government. To be piloted by Minister of State (Independent) for Food and Public Distribution K.V. Thomas, the Bill will be introduced in the...
More »Black Money trail: Govt may move against HSBC, Rs 80 cr mopped up by Ritu Sarin
The Government is contemplating legal action against HSBC Bank for what is being described as the “active’’ role of their executives in persuading Indian account-holders to open accounts to park undeclared Money in their branch in Geneva. The Central Board of Direct Taxes (CBDT) has sought the opinion of the Law Ministry for this and underlined that a similar course of action has been taken by other countries who, like India,...
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