Just as microcredit on its own does not represent full financial inclusion, it is our view that neither do business correspondent accounts In a country of 1.2 billion individuals, if we exclude children, we should at least have 900 million bank account holders before we can say the job of basic inclusion in banking is complete. No matter how we count, however, the actual number of bank account holders do not...

Despite criticism by civil society and the free press, the state is continuing its violent campaigns against Maoists unchecked Alongside the great internet firewall of China, the vicious paranoia of Burma's ruling junta, and the lists of murdered journalists in Sri Lanka, India appears as a beacon of Free speech and open-minded self-criticism. And yet, for all the vociferous passion of its journalists and activists in calling the powerful to account,...

Activists realise it takes a fight to translate democracy from thin paper to thick action In the winter of 1997, advocate Ashok Agarwal filed a petition in the Supreme Court opposing the nearly 400 per cent hike in school fees. This was the year the Fifth Pay Commission recommendations were implemented and the salaries of teachers shot up. Parents trying to cope with the overall price rise were suddenly hit by...

Within a few days from today we will be crossing over to the second decade of the 21st century. Those of us born in the 20th century and lived through the first decade of the 21st, have indeed been fortunate to experience the impact of several giant steps of progress in human history. Mankind has indeed achieved much more in this period than it had in all the previous periods...

Paul A. Samuelson, the first American Nobel laureate in economics and the foremost academic economist of the 20th century, died Sunday at his home in Belmont, Mass. He was 94. His death was announced by the Massachusetts Institute of Technology, which Samuelson helped build into one of the world’s great centres of graduate education in economics. In receiving the Nobel Prize in 1970, Samuelson was credited with transforming his discipline from...