India finds itself bracketed with countries like Philippines and Cambodia, rated as the fourth most corrupt nation among 16 countries of the Asia Pacific region surveyed by leading Hong Kong-based business consultancy firm PERC. The Political and Economic Risk Consultancy Ltd (PERC) rated India at 8.67 on a scale of zero to 10 with the high end being the worst case of corruption scenario and ahead of the Philippines (8.9 points),...

The earlier draft covered only non-NBFC MFIs incorporated as trusts and non-governmental organizations that constitute a very small part of the total industry The proposed microfinance Bill for governing India’s Rs. 22,000 crore microlending industry is set to give more teeth to the Reserve Bank of India (RBI) to regulate larger microfinance institutions (MFIs). This will be done by removing such entities from the purview of laws enacted by state governments...

Later this week, the Registrar General of India (RGI) will unveil the first flush of its findings from the 15th census. This once-in-a-decade effort is the seventh in independent India and is expected to showcase an entirely new set of vital statistics, consistent with the ongoing social and economic transformation of the country and something that should enthuse demographers and policy planners alike. Expectations are that the array of socio-economic data...

Cutting across party lines, women Members of parliament propose to set up pressure groups in both Houses to push for speedy clearance of a number of women-related Bills that are pending passage. The proposal was mooted at a meeting of women MPs, convened by Girija Vyas, chairperson of the National Commission for Women on Thursday. It was attended by 22 women MPs. Ms. Vyas suggested that women MPs, irrespective of their...

Wants limit to be raised to 49% Keen to enter the growing insurance sector, U.S. billionaire Warren Buffett on Friday wondered if India would raise the FDI limit in the sector to 49 per cent. The U.S.-based company is keenly watching the developments regarding further opening of the sector to foreign investment. Mr. Buffett, whose group Berkshire Hathaway recently entered the Indian insurance market, called on IRDA Chairman J. Harinarayan here and...