-Live Mint Experts say private banks achieve lending obligations by buying out loans from non-banking entities Most private banks in India have not been able to meet the needs of farmers although they are expanding their rural and semi-urban branch network. This is why the Reserve Bank of India (RBI) is insisting that at least one-fourth of the branches of the new banks that will be given a licence must be located...
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TN, UP, Rajasthan to splurge on proprietary software over open source; Microsoft, Adobe, Norton and McAfee get large govt orders- Indu Nandakumar
-The Economic Times India may have policy of preferring free and open source applications, but still the world's largest software maker Microsoft and others, including Adobe, Norton and McAfee, have managed to weasel their way into some of the largest government purchases in the country's history. Tamil Nadu, Uttar Pradesh and Rajasthan are in the process of procuring over eight million laptops preloaded with proprietary software in clear violation of India's national...
More »Jairam Ramesh, Rural Development Minister interviewed by Urmi A Goswami
-The Economic Times A balance between the need to unleash animal spirits and the larger issues of ethical governance is essential for the country to move ahead, Rural Development Minister Jairam Ramesh tells ET in an exclusive interview. * Is unleashing animal spirits still the main focus of the government? Unleashing the animal spirits is all very well but it has to be in an ethical framework. Markets is all about...
More »Like flowers and chocolates-Sonalde Desai
-The Indian Express Setting up women-only banks overlooks the reasons for their exclusion The women-only bank mentioned in the finance minister's budget speech is like flowers and chocolates — a sweet thought but just as unsubstantial. Financial exclusion of women is a real problem. It deserves far greater effort than sops like a women-only bank. Such a bank also runs counter to the logic of mainstreaming, rather than ghettoising, gender issues. It is...
More »Cabinet approves Rs.38,500 cr rural road development plan-Elizabeth Roche, Aman Malik and Ragini Verma
-Live Mint Proposal aimed at beefing up security, besides making sure development reaches neglected parts of India A day after the government pledged the partial decontrol of sugar in the next fortnight, the Union cabinet on Thursday approved a set of significant measures aimed at tackling Maoist insurgency and asserting its strategic hold over an area claimed by neighbouring China. The measures approved involve upgrading rural road connectivity with special emphasis on...
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