State-owned banks in India have been accused of discriminating against the country's Muslim minority. India's minorities watchdog has received a record number of complaints from Muslims who say they have been prevented from opening bank accounts. India's Muslim community is among the poorest in the country. Some bankers say it is not so much their religious background, but their economic status that makes it hard for Muslims to get banking facilities. The National Commission...

The Orissa government on Monday unveiled an ambitious plan to provide agricultural credit of Rs 9165 crore in this fiscal compared to Rs 5300 crore in 2009-10. In a conscious move to avoid the embarrassment of having the tag of anti-farmers, the government has also decided to continue with 2% interest subvention on the farm credit, according to minister for agriculture and cooperation, Damodar Rout. In another significant development, the...

India is incredible (after shining), with the fastest growth rate, an emerging demographic dividend and innovative brains for the globe. But the vast majority in rural India — employed in agriculture, small-scale and tiny industries, self-employed, and with no assets — does not find it so. This government, claiming inclusive growth for the grossly deprived and poor, has not taken actions to bring down prices of essential food items, unprecedented...

The Union budget estimates the nominal rate of growth for the Indian economy to be 12.5 per cent during the current fiscal. While it is impossible to figure out the manner in which this number was arrived at, the government has predicted further that the inflation-adjusted real growth rate for the same year will be eight per cent. Simple arithmetic requires that the difference between the nominal and real growth...

Bhopal marked the horrific beginning of a new era. One that signalled the collapse of restraint on corporate power.  Over 20,000 killed. Over half a million victims maimed, disabled or otherwise affected. Compensation of around Rs.12,414 per victim on average on the 1989 value of the rupee. ($470 million or Rs.713 crore. And that divided among 574,367 victims.) Over a quarter-of-a-century's wait. To see seven former officials of Union Carbide...