The much publicised Unique Identification number may not be as infallible as it is touted to be. Though Aadhaar -- the implementation programme of the UID -- records both the biometric and iris scan data of the individual, it is solely dependent on biometrics for application. The government aims to have biometric authentication readers at ration shops to ensure that only eligible candidates get access to food subsidy and other...

Billions of dollars are being made by investors in a speculative "food bubble" that's created record food prices, starving millions and destabilising countries, experts now conclude. Wall Street investment firms and banks, along with their kin in London and Europe, were responsible for the technology dot-com bubble, the stock market bubble, and the recent U.S. and UK housing bubbles. They extracted enormous profits and their bonuses before the inevitable collapse of...

Microcredit lifted 10 million Bangladeshis out of poverty between 1990 and 2008, according to a report. The work of Grameen Bank and others helped many families to raise their income above $1.25 a day, said the US-based Microcredit Summit Campaign. The study follows recent criticism of microfinance, which works by providing small loans to people to invest in generating their own incomes. Some experts argue the report may have missed the bigger picture. They...

The Supreme Court once again confronted the government today over the poverty of information about black money sent abroad by Indians. "Is it from arms dealing... drug peddling? These are very serious issues," the court observed while reprimanding the government for focusing on tax evasion in its inquiry into black money. A petition filed by a group of people including former Law Minister Ram Jethmalani asked that the government be...

India, Switzerland had signed a protocol to amend the DTA last year It is expected to help India get details about illicit wealth India may have to wait till at least next year for information from Switzerland on the possible black money trail to Swiss banks, as a treaty for the same might come into force only by the end of 2011. The treaty needs to be ratified by various authorities in India...