Finance Minister Pranab Mukherjee has admitted that price rise was a major problem confronting the United Progressive Alliance government in its second term. In a book brought out by the Congress with Mr. Mukherjee as its chief editor, he has said: “Inflation based on high prices of foodgrains continues to be a challenge.” The book Congress and the Making of the Indian Nation was released at the just-concluded party plenary marking...

Eminent economist and Vice-Chairman of the Kerala State Planning Board Prabhat Patnaik said on Saturday that the euphoria in official circles over financial inclusion has risen because of the “systematic scaling down of institutional credit to the peasantry and other productive sectors in the last two decades”. Delivering the centenary lecture dedicated to the memory of Prabhat Kar, a pioneer of the trade union movement in the banking industry, Mr....

The Aadhaar universal ID has been rolled out to general applause and will soon change our lives across the board. The project should accomplish its mission, which is to improve the delivery of rural welfare. It may liberate the poor and marginalised from the cash economy and give them access to formal finance and banking. And if the ID is made mandatory for big transactions, it may reduce money laundering...

KEY TRENDS   • Maternal Mortality Ratio for India was 370 in 2000, 286 in 2005, 210 in 2010, 158 in 2015 and 145 in 2017. Therefore, the MMRatio for the country decreased by almost 61 percent between 2000 and 2017 *14    • As per the NSS 71st round, among rural females aged 5-29 years, the main reasons for dropping out/ discontinuance were: engagement in domestic activities, not interested in education, financial constraints and marriage. Among rural males aged...

Banks have designated red zones where the vast majority of Muslim clusters fall. This fact is confirmed by the rash of banking-related complaints received by the National Commission for Minorities. A little over a year ago, Ali Arshad, a resident of Okhla in Delhi, went to a well-known private sector bank to open a bank account. He thought his case would be fast-tracked because he had a banking background, he worked...