-PTI   Setting a precedent before his cabinet colleagues, Uttar Pradesh Chief Minister Akhilesh Yadav has officially declared his assets and liabilities worth over Rs 4.83 crore.  Akhilesh, 38, who uploaded details of his assets and liabilities on the official website of the state government, is the first Uttar Pradesh Chief Minister to make a public declaration.  In the 2009 Lok Sabha elections when Akhilesh filed his nomination papers for Kannauj parliamentary seat, he...

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...

-The Telegraph Dispur today said the state’s economy was “performing well” when the country’s overall growth rate was projected to be affected by the economic meltdown in Europe. The principal secretary of the state finance department, Himangshu Sekhar Das, said Assam had not borrowed any money from the market in the current fiscal (2011-12) and its tax collection had recorded an increase of 33 per cent, most of which had come from...

Indians with undisclosed foreign assets and offshore bank accounts will be in for a shock this Budget if the finance ministry clears a proposal empowering income tax authorities to reopen assessments up to 16 years as against 6 years now.  The proposed amendment, the ministry feels, may not only act as a deterrent, but also put pressure on people to declare their wealth stashed away in Swiss banks and tax havens.  In...

-PTI   Planting of trees by families on birth of a girl child, the theme of Bihar's tableau in this year's Republic Day parade, has worked wonders for a village in Bhagalpur by improving the environment and providing financial security to girls.  The tradition in Dharhara village, about 40 km from here, was popularised by Chief Minister Nitish Kumar who was so impressed by it that he decided to launch a welfare scheme...