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Govt pulls new rural poll dates out of old bottle

-The Telegraph Calcutta: The Bengal government today suggested that panchayat elections be held on May 5 and 8, springing in the high court a surprise that had little new other than the fresh dates. The government's proposal did not address the security concerns of the state election commission that had moved Calcutta High Court on Monday. According to the commission, central forces have to be deployed if the polls are held in two...

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Banks 'distrust’ Aadhaar for cash transfer scheme rollout -Nitin Sethi & Sidhartha

-The Economic Times In what could hobble the government's plans to give Aadhar a key role in banking and a central pin of the direct cash transfer scheme, several state-run banks have refused to bear any liability for transactions done with customers that were authenticated through the unique identity (UID) mechanism. Banks and the Reserve Bank of India (RBI) had been convinced by the finance ministry to use Aadhar to fulfill the...

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rural youth nurse driving ambition to make it big in cities: Government survey -Dilasha Seth

-The Economic Times The government wants to train the rural youth to take up manufacturing jobs, but an official survey has shown that nearly a fifth of youth in the countryside enrolled for vocational training opted to learn driving or become car mechanics in the hope of earning a decent salary in cities. Computer training was the second-most desired skill among the rural youth, shows a report based on the National Sample...

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Kisan Credit Cards: Bad loan bubble waiting to burst?-Dinesh Unnikrishnan

-Live Mint Subsidized loans given to farmers through KCCs could very well be the next big source of NPAs for banks Mumbai: A surge in exposure to farm debt through Kisan Credit Cards (KCCs) could emerge as a risk for India's state-run banks, according to experts. Subsidized loans are given to farmers through KCCs by state-owned banks. Until March 2012, the outstanding amount on such loans was`1.6 trillion through 20.3 million cards, as...

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HC scraps ‘discriminatory’ rules giving additional weightage to rural students

-The Indian Express Chandigarh: Slamming the Punjab government for sponsoring "xenophobia", the Punjab and Haryana High Court on Wednesday set aside its "discriminatory" rules, wherein it had allowed additional weightage to rural students for government jobs. A Full Bench comprising Justices Hemant Gupta, Ajay Tewari and R N Raina held the rules framed by Punjab as "illegal, unconstitutional" and beyond its "legislative competence". "State sponsored xenophobia is constitutional anathema and the principle...

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