-The Hindu Bharatiya Mahila Bank (BMB) is the first of its kind bank in India, meant for women. However, the bank is neither completely run by women, and nor is it exclusively for women. The first CMD of Bharatiya Mahila Bank, Usha Ananthasubramanian, explains to The Hindu the concept of the Bank which is just about two months old. Edited excerpts from the interview: * How is Bharatiya Mahila Bank different from the...

-The Week Telangana leader claims he is making astronomical profits from capsicum farming Telangana: Not many politicians who own land are farmers. But Telangana Rashtra Samithi president K. Chandrasekhara Rao is different. While he ensures Telangana remains a burning issue, Rao is also busy growing capsicum, potato, bitter gourd, and bottle gourd. The capsicum crop itself, he claims, will fetch him Rs.10 crore. His claim of huge returns and promise of land...

A new report on India's housing sector confirms with facts and figures what has been suspected all along: that despite growing demand for affordable housing, supply side responses have been weak and sluggish. This means even though the housing sector can directly impact employment and income generation, and has multiple forward and backward linkages with various industries, it needs innovative ideas, pro-poor thinking and policy stimulus. (See link below for...

-PTI MUMBAI: Recommending sweeping changes in the banking structure, an RBI panel on Tuesday suggested setting up of specialized banks to cater to low income households to ensure that all citizens have bank accounts by 2016. It also suggested that facility for withdrawal, payment and deposit should be set up within a 15-minute walking distance anywhere in the country. "By January 1, 2016 each resident, above the age of 18, would have an...

-The Indian Express Kutch (Gujarat): Bhajan Singh, 62, remembers the time curious villagers turned up to see a borewell his father Gopal Singh had dug up. The year was 1969 and it was the first time Sumrasar village, near Bhuj in Kutch district, had had a borewell. Few had ever seen it work, as they depended entirely on rainwater for the barely one crop they harvested a year. Originally from Pakistan, Gopal...