-Livemint.com RBI’s regulatory powers over PSU banks are weaker than those over the private sector banks, says Urjit Patel, putting the onus of tackling bank frauds such as the one at PNB on the finance ministry Mumbai: Reserve Bank of India (RBI) governor Urjit Patel broke his silence on Wednesday on the PNB fraud, putting up a blistering defence for the regulator and sought to put the onus on the finance ministry...
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Passport plea behind Aadhaar extension -R Balaji
-The Telegraph New Delhi: Tuesday's Supreme Court order extending the Aadhaar-linking deadline indefinitely came after activist-lawyer Vrinda Grover had rushed in and challenged the authorities' decision to cancel her passport for not possessing an Aadhaar card. The five-judge bench was in the middle of a scheduled hearing of public interest petitions against Aadhaar's constitutionality. Grover said through senior advocate Arvind Datar that she had gone to the passport authorities here for the issuance...
More »Righting wrongs in land acquisition -Jairam Ramesh & Muhammad Khan
-The Hindu A Supreme Court Bench will decide whether the law has to be interpreted expansively or in a narrow sense In July 2011, the United Progressive Alliance (UPA) government embarked on an ambitious project to rewrite the law on land acquisition. How the government acquired land from private parties had long been the subject of heated dispute, often resulting in violent conflict. Several previous governments had made attempts to amend the Land...
More »Jaitley rules out privatisation of public sector banks
-PTI Finance Minister Arun Jaitley today ruled out privatisation of public sector banks as a response to the Rs 11,400-crore fraud hitting Punjab National Bank, saying the move may not be politically acceptable. Speaking at an event, he said a lot of people have started talking of privatisation in the aftermath of the PNB fraud. “This (privatisation) involves a large political consensus. Also, that involves an Amendment to the law (Banking Regulation...
More »Lokpal selection meet on March 1
-The Telegraph New Delhi: A committee headed by the Prime Minister will meet on March 1 to process the names to be considered for the country's first Lokpal, the Centre told the Supreme Court on Friday. The committee will include the Chief Justice of India, the Lok Sabha Speaker and the leader of the single largest Opposition party in the Lower House, attorney-general K.K. Venugopal told a bench of Justices Ranjan Gogoi...
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