-Outlook Mumbai: Asking micro-lenders to look at only a "reasonable profit" to sustain their business while serving borrowers at the bottom of pyramid, RBI Governor Raghuram Rajan has said that one should not think of making a fortune while serving poorest of the poor. The comments come in sharp contrast to management guru late CK Prahalad's views in his book The Fortune at the Bottom of the Pyramid. The concept of the fortune...

-The Hindu To address climate change, India has committed itself to a 20-25 per cent reduction in intensity of carbon emissions by 2020, but the international community will want more U.S. President Barack Obama and Chinese President Xi Jinping have just signed a historic bilateral accord on climate change and clean energy cooperation in Beijing. This accord will have impacts in the run-up to the Paris Conference in December 2015 when the...

-The Hindu The failure of Narendra Modi's infrastructure plan reflects the larger failure of the Indian imagination, a mindless enumeration of ideas that have little or no bearing on Indian reality. When much of what is built is a half-baked imitation of disparate items tried and tested elsewhere, it becomes hard to fault Mr. Modi. If the recent image of Prime Minister Narendra Modi swinging on the jhula with Chinese President Xi...

-The Hindu Business Line Output data is unreliable, which leaves us unprepared for shortages. And, farming practices are primitive The price of potatoes is once again moving up, largely due to the demand-supply gap in the market-place. The National Agricultural Cooperative Marketing Federation of India (Nafed) that was asked by the Ministry of Civil Supplies to explore the possibility of importing potatoes from Russia, China and Egypt, procured 3,500 tonnes of potatoes...

-The Business Standard Scheme faces pincer attack with a proposed higher proportion of expenditure on material, reducing the budget available to pay wages The Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) faces a pincer attack under the National Democratic Alliance (NDA) government, with parallel moves promising to shrink and mutate the nature of the scheme. Two of the moves have been revealed - a proposed higher proportion of expenditure on material,...