CBI has finally asked CWG Organizing Committee (OC) chief Suresh Kalmadi to present himself before the agency, which is likely to quiz him about his role in dodgy contracts, a blackmail letter and destruction of evidence. Kalmadi has, like DMK's A Raja did in the 2G spectrum allocation case, responded by expressing his inability to be at the CBI headquarters immediately. Kalmadi has sought time till January 3 and agency sources...

The government will shortly set up an anti-corruption mechanism in the backdrop of scandals in which the Opposition has targeted Prime Minister Manmohan Singh. As legislative measures will be required to introduce CERTain provisions, it can even pilot an ordinance. Sources said the Prime Minister was giving “serious thought” to this mechanism with a blueprint having already been prepared, incorporating the suggestions given by Congress president Sonia Gandhi at the party...

Confusion continues to reign in the debate on microfinance that has unfolded following the promulgation of the Andhra ordinance, soon to be replaced by Andhra Pradesh Micro Finance Institutions (Regulation of Money Lending) Act, 2010. A key confusion has been that microfinance is a major instrument of poverty alleviation. Going by the available scientific evidence and agreement among scholars, to-date, there exists no compelling study linking the expansion of microfinance to...

Showing its concern for farmers, the Mayawati government on Wednesday decided to implement the amended national agriculture insurance scheme (NAIS) and the all weather-based crop insurance scheme from the current sowing season. Both these schemes involve an expenditure of Rs 900 lakh. A decision to this effect was taken at a cabinet meeting presided over by chief minister Mayawati here on Wednesday. The NAIS, according to an official release, will be implemented...

Concerned at the rising food inflationary trend, Union Finance Minister Pranab Mukherjee on Thursday hinted at more steps to check the rising prices, even as food inflation surged to a 10-week high of 14.44 per cent. The Cabinet Committee on Prices, headed by Prime Minister Manmohan Singh, met in the evening to review the situation and expressed concern at the spurt in the prices of eggs, fruits, vegetables, milk and other...