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Popular Articles

HCL Tech may close 5 deals in M&E space by year-end
Delhi-based HCL Technologies expects to sign around five deals in the media and entertainment (M&E) space. Talks are on with four global companies and one Indian firm, and HCL plans to close these deals by the end of this year. Most deals will be in the range between $50 million and $200 million (Rs 240-950 crore).

Letters: Justice delivered
Finally, after all these years, the soul of Ruchika Girotra will get some rest. The Central government has stripped SPS Rathore of his police medal and the Haryana Police has slapped an abetment to suicide case against Rathore. Some action now needs to be taken against those policemen and other officials who aided and abetted him in his nefarious deals. The policemen who filed fake charges against Ruchika’s brother must have known they were fake charges, and yet they went along. If complete justice is to be done, these men must also be punished.

News of the day

Egypt woos Bollywood
After Switzerland, South Africa, New York and Hong Kong, it is Egypt that is now looking at grabbing a piece of the Bollywood film action.
Public Relations

Interest rates for SHGs be reduced to 4%: CPI-M

The government must bring down interest rate on loans for self help groups (SHGs) from 11-12 per cent now to a uniform 4 per cent, CPI-M today demanded in the Rajya Sabha. Initiating a discussion on the achievements and problems of women SHGs, Brinda Karat (CPI-M) said the current interest rate is very high and the government must subsidise it by making it a uniform four per cent. - Union Bank revises rates on FCNR deposits - Racing ahead - Policy momentum required - Shobhana Subramanian: Who"ll finance "affordable" housing?">Shobhana Subramanian: Who"ll finance "affordable" housing? - Credit growth at over 9%, slowest in 12 yrs - Bernanke says Fed will keep eye on sliding dollar She opposed the microfinance bill saying it will be disastrous for the country and SHGs will be the most affected. Karat alleged that SHGs formed by Muslim women are being discriminated against in delivery of loans. She asked the government to appoint a nodal agency or ministry to cover all issues in the functioning of SHGs. Shantaram Naik (Cong) told the House that a part of government function would be carried out by the SHGs in future as these groups have brought a mini revolution in the country. He demanded a law to prevent entry of anti-social elements in the SHGs so that bank"s money is also protected. Pointing out that the rate of recovery of loans by banks is 90 per cent in case of SHGs, Najma Heptulla (BJP) said other sectors default. She noted that SHGs would not be helpful to bring the poor above poverty line unless price rise is checked. Kanimozhi (DMK) lauded the role of SHGs and said they are instrumental in raising the confidence level of women, who have become actively involved in community development.


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