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It’s a sign of the changing power equations in the telecom ministry after the CBI raids on it and the investigations into the allotment of spectrum to a handful of firms — Communications Minister A Raja’s Private Secretary R K Chandolia’s name no longer figures in the list on the ministry’s website. Till a few weeks ago, if you logged on to the ministry’s website and clicked on ‘contacts’, you’d find Chandolia’s name against the designation ‘PS’. Of late, however, there are no names/numbers in this slot.

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Which SUV would be the best in the used car market for a price range of Rs 10-15 lakh? The vehicle should be not more than two years old and should not have done more than 20,000 km. My second query is which SUV is good but as a new vehicle in the price range of Rs 15-20 lakh. Diesel is preferable for economy though I don’t drive much (about 100 kilometres in a week). Kindly suggest.

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Sensex extends losing streak, sheds 79 points
Indian bourses opened in the red as weak global cues and earning worries weighed on sentiment. US stocks tumbled on Friday, their worst three-day slide in 10 months, pulling Asian stocks lower. Selling in information technology and auto stocks pulled the markets deeper into the red.
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Villages with 2,000 to have banking access by March: RBI

Commercial banks would come out with a plan for financial inclusion by the end of the financial year, RBI Governor D Subbarao announced here during a bankers’ meet on financial inclusion and promotion of financial literacy. - 63,040 villages provided electricity under RGGVY: Shinde - Scheme for development of 44,000 SC-dominated villages - Villages pip urban India in services sector: Study - Sunita Narain: Not learning from Bhopal">Sunita Narain: Not learning from Bhopal - RBI to revisit growth forecast in January - Dubai crisis not to impact domestic banks: RBI All the villages with a population of over 2,000 will have access to financial services by the end of 2009-10, he added. “Commercial banks usually take financial inclusion as a compulsion, but we should realise there is a tremendous opportunity at the bottom of the pyramid. We need to penetrate deep into the rural market, which is a challenge as well as an opportunity,” Subbarao said. This rural outreach would result in manifold increase in the demand for financial services, he added. Later addressing media persons, Subbarao pointed out that non-banking financial companies (NBFCs) could also play a significant role in deepening the process of financial inclusion. NBFCs can reach out where banks cannot, he added. He hinted the central bank might revisit its growth projections for the economy in January 2010, but refused to spell it out further. Subbarao also stressed on inclusion of financial literacy in the curriculum of schools and colleges to ensure the coming generation was not financially handicapped. “I am going to hold talks with the Orissa chief minister tomorrow, wherein I will request him to include financial literacy as part of the curriculum in schools and colleges. By which, we can raise the demand for financial services,” Subbarao said. Subbarao visited Jalanga village in Orissa’s Bhadrak district under an outreach programme. The village has been adopted by UCO Bank under its financial inclusion initiative. Besides interacting with the bankers, Subbarao inaugurated a Farmers Club at the village, and distributed the self-help group linkage certificates and also the pass books of no-frills accounts of the people.


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