One of the key factors to inclusive growth is financial inclusion for all. Financial inclusion refers to universal access to a wide range of banking solutions and financial services in a fair, predictable and transparent manner at affordable costs. The poor tend to be ignored because the transaction costs in serving them are high. Initiatives that reduce these costs will allow service providers to begin thinking of financial services for...

Against auctions for concessions, wants PSU reservation to stay and Centre's veto on mining rights to remain The Supreme Court might have made a case for auctioning of natural resources, but voices within the government do not seem in conformity with the apex court directive. The Union steel ministry has raised serious objections over the auctioning route proposed as the key reform measure in the new mining legislation. The Bill is being...

-AP India has shut down three aid organizations it says were diverting foreign funds toward rallying protests against a Russian-built nuclear plant in the south, but one group on Saturday denied any involvement in the protests while another said its efforts were entirely homegrown.  Activists opposed to an expansion of India's atomic energy portfolio argue that Japan's Fukushima nuclear disaster caused by a massive earthquake and tsunami last March showed that such...

-The Times of India   Denying charges that their campaign against the Russian-aided Kudankulam Nuclear Power Project was being funded by United States-based groups, the People's Movement against Nuclear Energy convener S P Udayakumar on Saturday threatened legal action against Prime Minister Manmohan Singh and Union minister of state in the PMO V Narayanasamy.  The Union minister told TOI on Friday that the licences of three NGOs backing the anti-nuclear protests have been...

Bt cotton has doubled the seed industry and boosted the fortunes of seed firms. But yields still need to improve In the last 10 years, Bacillus thuringiensis (Bt) cotton and its impact on farmers has perhaps been the most talked about topic in Indian agriculture since the ‘Green Revolution’ of the 1960s and 1970s. Not only has farmers’ income from growing Bt cotton risen by almost 67 per cent in the...