New regulations by the Reserve Bank of India on microfinance have prompted MFIs to go for a makeover.
Cabinet had earlier this week deferred a decision on the much-discussed issue on this ground.
Embarrassed by the debate on whether its suggestion that a human being can live on Rs 32 a day in urban India, the Plan panel has said those who are not really poor should be excluded from being enumerated as being poor.
The demand for cash transfers was highest in Bihar at 54 per cent, followed by 34 per cent in Uttar Pradesh and 22 per cent in Jharkhand, where the access to PDS foodgrain was found limited.
Union rural development minister Jairam Ramesh has said states would not be allowed to ignore the findings of the social audits notified recently by his ministry on the National Rural Employment Guarantee Scheme (NREGS).
As a Rajya Sabha MP from Andhra Pradesh since 2004, he has been putting all his Member of Parliament Local Area Development Scheme) money in the SHG programmme in the state each year, and continues to do so.
The new Bengal government is not ready to give over even half the required land.
Former managing director of McKinsey & Co, Rajat Gupta, has stepped down as chairperson of the Public Health Foundation of India (PHFI). Gupta's resignation comes days before the PHFI executive was to discuss his exit.
An expert committee headed by Planning Commission member Narendra Jadhav is giving finishing touches to the proposals.
Pilots working for Air India are divided on the call of a nationwide strike from March 9 by the Indian Commercial Pilots Association (ICPA), part of the erstwhile Indian Airlines, which has 680 members.
Main difference has been on including people above the poverty line in the Food Security Bill.
As Partha S Bhattacharyya steps down as CMD, the search for a successor is being keenly watched.
Plans 'complete' agricultural solution in mining areas
The Union Budget for 2011-12 is likely to be a low-key affair for social sector spending, as the government is unlikely to come up with any big-ticket announcement for the sector in the next financial year.
The government's bill for funding the National Rural Employment Guarantee Scheme (NREGS) has risen steeply, due to its decision to revise wage rates under these projects and to link these to the inflation rate.
At present, the auto sector accounts for about 60 per cent of India's current machine tool demand.
Tata had signed a memorandum of understanding with Bangladesh in 2004 for one of the largest foreign direct investment in that country.
A labour ministry note sent to the rural development ministry (MoRD) says the minimum wage notified in each state - often higher than the NREGA set one - has to be paid. But MoRD has written to the PMO that the NREGA enactment has clauses that exempt it from all other laws, including the Minimum Wages Act. Hence, MoRD is not legally obliged to pay at any other rate.
At a time when Emami Ltd is hitting the headlines with news on acquisitions and foreign ventures, Aditya V Agarwal, a director and one of the younger scions of the group, shares his thinking with Shine Jacob.
The killing on Saturday of Joginder Chaudhury, the assistant general manager of Allied Nippon, the auto parts maker, allegedly stoned to death by angry workers, was the culmination of a battle of nerves for the past two months in which, the workers say, they could take no more.
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