-The Economic Times As elections approach and the campaign gets shriller, the UPA and opposition parties are in the market for talking points to pin each other down. The BJP gloats that it created more jobs in its five years than UPA-I managed to create between 2004 and 2009. This is correct: between 1999-2000 and 2004-05 when the BJP was in power, the total number of jobs went up by a little...
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Rajan panel wasn't unanimous in framing underdevelopment index
-The Business Standard Panel member questioned the choice of sub-components There is some consolation for Bharatiya Janata Party's prime ministerial candidate and Gujarat Chief Minister Narendra Modi: Not everyone in a panel headed by Reserve Bank of India Governor and former chief economic advisor Raghuram Rajan had favoured the inclusion of Gujarat in the list of less developed states. Economist and social scientist Shaibal Gupta, a member of the panel, had dissented and...
More »Aadhaar, fingerprint scan enough to open Bank account-Mayur Shetty
-The Times of India MUMBAI: A few weeks after RBI governor Raghuram Rajan stressed on building credit histories of individuals based on the Aadhaar number, one Bank has introduced unique identity-based eKYC for opening loan and savings accounts. Axis Bank, which is using payment company Visa's network to access Aadhaar database , will introduce the eKYC facility in around 25 branches next week. The branches will open loan and deposit accounts based...
More »'India's Infant Mortality Rate halved since 1990'
-The New Indian Express Bangalore: The number of children, under the age of five, dying in India, reduced by 55 per cent from 1990 to 2012, says a recent report. A September 2013 Report by UNICEF- ‘Committing to Child Survival: A Promise Renewed,' suggests that a lot more can be done to lower the Infant Mortality Rate in India. The report says that to reach the ‘Millennium Development Goal 4'(MDG 4), which...
More »Odisha, Bihar least developed, Gujarat less developed: Raghuram Rajan panel
-The Economic Times NEW DELHI: A high-level panel has recommended new criteria for measuring the backwardness of states and proposed the devolution of funds to them through an index that identifies Odisha and Bihar as the least developed states and Goa as the most developed one. The committee had been set up by the government amid demands for "special category" status by Bihar and was headed by the then chief economic...
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