While the rest of India marches towards the promised destiny of 'progress', Bihar - the heart of India- is doomed to poverty and the injustices of a caste-based society.
Bihar Chief Minister Nitish Kumar on Friday called for a daylong 'Bihar Bandh' on March 1 to protest against denial of special category status to the state by the Congress led UPA government.
The decision assumes significance in the wake of a scam in the PMC Bank affecting lakhs of customers who are facing difficulties in withdrawing their money due to restrictions imposed by the Reserve Bank of India.
At present, bank depositors get an insurance cover of Rs 1 lakh on their amount by the Deposit Insurance and credit Guarantee Corporation.
Rajan Committee has evoked divergent reactions from the states.
FMC has been asked to go ahead with the appointment of 20 experts, which the commission had sought earlier.
There is nothing wrong with government and RBI having conflicting opinions.
Blowing the bugle for the 2014 Parliamentary elections, Bihar Chief Minister Nitish Kumar on Saturday hit out at the Congress-led United Progressive Alliance government for dilly dallying on granting special category status to the state.
In a blistering attack on Bharatiya Janata Party prime ministerial candidate Narendra Modi, Rahul Gandhi on Monday dubbed the Gujarat model propagated by Modi as a 'toffee model', saying it has only benefited one industrialist in the state, ignoring the interests of farmers and the poor.
The Raghuram Rajan committee report for evolving a composite development index of states, submitted to the finance ministry today, has a note of dissent from member Shaibal Gupta.
Arun Jaitley had proposed to set up a Public Debt and Management Agency.
Apparently targeting the BJP for the recent panic buying of salt in the state, Bihar Chief Minister Nitish Kumar claimed that those who offered milk to Lord Ganesha were testing the effectiveness of their rumour mills.
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Addressing a Ficci-organised banking summit in Mumbai, he at the same time said that it will take several years for the country's banks to achieve the status of a large global bank.
DEA officials to push for this at a meeting with FM Jaitley.
What is required from government is intellectual framework.
The financial crisis has challenged the intellectual assumptions on which previous regulatory approaches were largely built, and in particular the theory of rational and self-correcting markets.
Banks in India must have a modern approach, suggests a panel comprising of banking bigwigs.
The Biju Janata Dal will not oppose the government simply for the sake of opposing it, BJD Member of Parliament Bhratruhari Mahtab tells Aditi Phadnis.
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