-The Business Standard Changing aspirations and strong rural demand could explain why core inflation may not decline fast enough Recently, the Reserve Bank of India governor exuded confidence that the Indian economy will do fairly better in the current fiscal. While it is difficult to envisage a significant turnaround, we believe interpreting the recent inflation uptick may be the key to such optimism. We also think that inflation (both wholesale and retail)...
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EU allocates 96,748 euros for Phailin relief
-PTI NEW DELHI: The European Commission has allocated 96,748 euros to the disaster relief emergency fund of the Red Cross International to "urgently respond" to the needs of almost 15,000 vulnerable families affected by cyclone Phailin. The European Commission's Humanitarian aid and civil protection department (ECHO) allocated the amount after the International Federation of the Red Cross and Red Crescent (IFRC) appealed for funds to carry out relief operations. More than 10 million...
More »Coming home after Phailin-Vasudha Chhotray
-The Indian Express October is the month of Durga Puja and like in the rest of the country, a warm festive spirit hangs in the air in Odisha. There is a sense of life at its fullest. Memories of Friday the 29th this same month in 1999 temporarily retreat to the background amidst the hope of celebration. Is it surprising that an event 14 years ago should at all be a...
More »West Bengal: Saradha scam worth Rs 2,460 crore, report says
-PTI NEW DELHI: The alleged chit fund scam in West Bengal involving the Saradha Group revolves around a total sum of Rs 2,460 crore with 80 per cent of the depositors' monies still remaining unpaid, a latest investigation report has revealed. The report also states that the arrested Saradha chairman Sudipta Sen was in "total control" of all deposits made by his group companies, which are under the scanner for having perpetrated...
More »India’s invisible population -Nithya V Raman and Priti Narayan
-The Hindu Denying basic amenities to residents of ‘unrecognised' slums is an affront to their dignity; resettling them fails to address their concerns and is unviable financially Since 2005, the Central government has given significant amounts of money to the States to improve conditions for the country's urban poor, first under the Jawaharlal Nehru National Urban Renewal Mission (JNNURM) and more recently through the slow-moving Rajiv Awas Yojana (RAY). Unfortunately, very few...
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