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Expert panel wants CAG to pre-audit defence deals

An expert committee has recommended to Defence Minister Manohar Parrikar that defence purchases need not be blocked even if bribery charges emerge. Nitin A Gokhale reports for Defence......

How PM Modi keeps babus on tight leash

New Delhi bureaucrats, accustomed to leisurely lunches, golf in the afternoon and long weekends, have been shaken out of their somnolence, say authors. Fear and suspicion hang heavy over the......

President Pranab's address to Parliament: The transcript

President Pranab Mukherjee on Monday addressed the first joint sitting of Parliament as mandatorily required under the Constitution after the general elections. The address is the political,......

Has the 15th Lok Sabha been the WORST performing ever?

From 1952 to 1967, each of the three Lok Sabhas sat for an average of 600 days and more than 3,700 hours. In comparison, the 15th Lok Sabha -- from 2009 till 2013 -- has met for just 345 days and......

How small banks will boost financial literacy

While most microfinance institutions (MFIs) with foreign equity holding are confident of reducing it to 40 per cent in the next 18 months as asked by the Reserve Bank of India, Ratna Vishwanathan......

Bandhan gets fresh equity, awaits RBI's final licence

Micro finance institution (MFI) Bandhan has got fresh equity infusion of Rs 1,020 crore (Rs 10.20 billion)) with GIC Sovereign Fund of Singapore becoming a new shareholder. "We have received Rs......

Funding the unfunded: India helps small business borrow to grow

Only 4 per cent of 57.7 million small business units in India have access to institutional finance, leaving many to rely on informal lenders A new bank announced in the annual Budget last week......

Bandhan appoints Deloitte as management consultant

Leading micro finance institution Bandhan Financial Services, which has obtained banking licence from the Reserve Bank in April, on Wednesday appointed Deloitte as its management consultant.......

Not eyeing tie-ups to start Bandhan Bank: Ghosh

Bandhan Financial Services, the first microfinance institution in the country to win a bank licence, is not looking for any tie-ups as of now, saying it has adequate capital to start banking......
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To arms! To arms! But will they listen?

The wise men have spoken — the moot point is, will they be heard? The committee of experts appointed by the ministry of defence (MoD) to advise... ...
'MFIs can help in expanding social security schemes coverage'

NEW DELHI: Micro finance institutions (MFIs) are better placed to help expand coverage of social security schemes, PFRDA Chairman Hemant G... ...
Urban MFI borrowers outstrip rural counterparts

The share of rural borrowers in 2014-15 has dropped to 33% of the total industry loan portfolio in 2014-15 compared with 56% in 2013-14 In spite... ...
Defiant VS Whacks Vellappally With 'Micro' Scam Charges

THIRUVANANTHAPURAM: In no mood to relent, CPM veteran V S Achuthanandan fired another salvo on SNDP leader Vellappally Natesan. The Opposition... ...
All you need to know in 10 quick points

The Pradhan Mantri MUDRA Yojana is aimed at funding the unfunded and save them (5.75 crore small entrepreneurs) from exploitation at the hands of... ...

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