U.S. President Barack Obama's interaction with the inhabitants of Kanpura village in Ajmer district of Rajasthan through video-conferencing on Sunday gave him a glimpse of the information technology revolution in rural India that extends the benefits of modern technology and services to the grassroots to improve the quality of people's lives. Union Minister of State for Communications and IT Sachin Pilot led the rural group during the 10-minute interface at the...

Microfinance is an effective tool for financial inclusion. Here are some elements of the recently embattled sector The recent controversy surrounding the microfinance sector has entirely eclipsed the fact that it is the first effort in India to have delivered financial services to remote corners of the country in a self-sustaining manner. The stakes are high for India’s poor, and we have to pave the way for orderly growth in the...

Two walls of extremes are closing in fast on mankind. The spectre of climate change threatens agriculture, especially in developing countries where farming is dominated by smallscale farmers heavily relying on rainfall. Along with this, is the scourge of burgeoning population, which is likely swell to 9 billion in the next 40 years. According to the Food and Agricultural Organisation (FAO), about 14% of the 6.5-billion world population are affected by...

The spectre of a global food crisis has reared its head again. Soaring corn prices, which on Monday recorded their biggest one-day rise since 1973, have triggered fears of a return to the turmoil of 2007-2008. Far-reaching measures are needed to prevent a recurrence. Rising prices over the last decade are in part the result of burgeoning demand from emerging markets such as China and India. The emergence of commodities as...

Basmati paddy prices are expected to touch their highest level of Rs 3,400 per quintal during the forthcoming harvesting season, says a research report. The prices of traditional Basmati paddy are in the range of Rs 2,650—3,350 per quintal this month, and are expected to be Rs 2,500—3,200 per quintal in November. In December, however, they will go up to Rs 2,700—3,400 per quintal, depending on the varieties, the report said. The forecast...