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...

A local court in Maharashtra has upheld a farmer's plea that India's first family had Fraudulently usurped a little more than one hectare of his farmland. Surprisingly, the order was made last December 7 but never made public since the order wasn't given to either party until Tuesday. In the order, the court of Daryapur subdivisional officer Ashok Amankar directed striking off the names of President Pratibha Patil Shekhawat's family...

THEY DARED TO DO THEIR DUTY: THEY HAVE BEEN KILLED AND HARASSED FOR IT. PERHAPS THERE is a reason why Sanjiv Chaturvedi’s journey begins in the small dusty town of Kurukshetra, for his story is as epic a battle between good and evil, his journey as much a pursuit of dharma. Only, he is the sole Pandava on this battlefront, and he is the one who called the war. It was...

A FEW SLEEPY villages in the hills, about an hour’s drive from Pune, are suddenly buzzing with activity. Lavasa Corporation, a subsidiary of the Hindustan Construction Company (HCC), is spending Rs 140,000 crore to ‘clean out’ these villages (read tribals and marginal farmers) and build a world-class city in its place. Those pushing the project argue that urban India, bursting at its seams, just cannot cope with the large-scale migration from...

Ranchi: Another scam involving around Rs.2.5cr in Jharkhand Renewable Energy Department (JREDA) has been unearthed. The alleged scam amount has been siphoned off to various suppliers without obtaining any goods. The State’s Accountant General has submitted a report to the government to this disclosure. The government has immediately ordered a Vigilance enquiry into the scam. JREDA had appointed seven suppliers for supplying solar lamps, Domestic lights and street lights which is...