IT WAS a windfall five years ago that taught Panchali Satyavva the power of a lie. It happened one Monday afternoon in Someshwar village of Nizamabad district in Andhra Pradesh. It was raining in sheets and she had just placed a bucket under the steady trickle of water from the roof of her hut. Two men were at her door, holding umbrellas and offering her an unsolicited Rs. 5,000. They...
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Interest-free banking urged
Indian Centre for Islamic Finance delegation makes presentation at Yojana Bhavan The Indian Centre for Islamic Finance (ICIF) has made out a strong case before Prime Minister's Economic Advisory Council member V. S. Vyas for introducing interest-free banking in the country at the earliest to ensure “inclusive growth with innovation” in accordance with the recommendations of the Planning Commission's Raghuram Rajan Committee. An ICIF delegation from New Delhi, led by its general...
More »NREGA’s technological sabbatical by Jyotika Sood
OVER 2.5 crore job card holders registered under Mahatama Gandhi National Rural Employment Act (MGNREGA) could be affected by the rural development ministry’s decision to introduce biometrics to the scheme. The job cards of beneficiaries in 200 districts across India are set to expire in 2011. The process of job card renewal under the biometric system would take six months to two years. This would deny the registered people 100 days...
More »UN human rights chief voices concern at reported ‘cyber war’ against WikiLeaks
The United Nations human rights chief voiced concern today over reported ‘cyber war’ pressure on private companies to sever links with the whistle-blowing website WikiLeaks, saying this could amount to attempted censorship in breach of international covenants. “If WikiLeaks has committed any recognizable illegal act, then this should be handled through the legal system, and not through pressure and intimidation, including on third parties,” UN High Commissioner for Human Rights Navi...
More »CAG slams 25 top Delhi's private schools by Akshaya Mukul
Delhi's private schools had complained that they were reeling under the burden of having to pay teachers higher salaries recommended by the 6th Pay Commission. A report by the Comptroller and Auditor General (CAG), however, said they used the Pay Commission as an alibi to fatten themselves. In a damning indictment, the auditor held that 25 elite private schools passed on the burden of implementing the recommendations of the 6th Pay...
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