Central pension plan NPS finally gets a boost The ‘New’ NPS     Measure: Improve incentives for distributors. Has been recently implemented.     Impact: Was required. But won’t be enough, need consumer education to build volumes.     Proposal: Increase fund management fees with an option to lower later.     Impact: Under consideration. But finance ministry unhappy with increase in costs.     Proposal: Relax the norms to appoint more fund managers to increase distribution.     Impact: Unlikely. At...

-The Economist   A huge identity scheme promises to help India’s poor—and to serve as a model for other countries INDIA’S economy might be thriving, but many of its people are not. This week Manmohan Singh, the prime minister, said his compatriots should be ashamed that over two-fifths of their children are underfed. They should be outraged, too, at the infant mortality, illiteracy, lack of clean drinking water and countless other curses that...

Neglected by conventional banks, low-income women in Satara have set one up themselves. Not long after Chetna Gala Sinha came to the drought-stricken region of Mhaswad in western Maharashtra to marry a farmer and prominent local social activist, she began putting her university degree in finance into action. Local women, she observed, were wearing themselves out in subsistence livelihood such as growing grapes or selling vegetables. In 1992, Chetna, who grew up...

-Mid-Day.com    Drug rehabilitation centres in the city have recorded some shocking changes with regard to the number of narcotic users this year. Rehabilitation centres recorded a shocking increase in the number of pre-teens seeking help for drug abuse. According to many such centres, 13 is currently the average age of drug abusers in the city, while 16 was the age recorded last year. "The lifestyle has changed and it is not just BPO...

Union Labour Minister inaugurates UPASI conference Action on representations relating to the Minimum Wages Act can only be taken by State governments, said Union Minister for Labour and Employment Mallikarjun Kharge in Coonoor on Sunday. He was inaugurating the 118th annual conference of the United Planters Association of Southern India (UPASI). Referring to the grievances of the planting community over the wage component adding considerably to the cost of production, he pointed...