-The Times of India What do Delhi's working women do? While the image of a working Delhi woman that comes to mind for many is usually that of a BPO or IT worker, the real employment growth story for Delhi's women could be a far less glamorous one — paid domestic work. For one, not a lot of Delhi's women do any paid work, at least of the sort that current surveys...

-The Indian Express Contrary to the perception that money laundering is widespread across the country's banking sector, the Financial Intelligence Unit (FIU) has found an average of only about 700 cases annually over the last four years on which investigations could be initiated. The FIU is the national agency responsible for tracking information related to suspect financial transactions. Finance ministry data shows that during the last four years, banks and other entities have...

-The Hindu Even as the Reserve Bank of India (RBI) frets over the high rate of inflation and wards off pressures to cut interest rates, it is faced with another challenge. Balance of payments data for the second quarter of 2012-13 show that the current account deficit continues to rise, and has touched a record 5.4 per cent of GDP. Both of these developments that would be considered signs of “overheating”...

-Financial Times Up to 80 per cent of the world’s middle classes will live in developing countries by 2030 thanks to surprising recent gains in poverty reduction, according to a United Nations report published on Thursday. “Never in history have the living conditions and prospects of so many people changed so dramatically and so fast,” concludes the UN’s latest Development Report. “The world is witnessing an epochal ‘global rebalancing’.” This year’s report, launched...

-Live Mint Attempt to broad-base direct benefits transfer plan may help shore up the Congress’s standing among rural population The Congress-led United Progressive Alliance (UPA) government plans to include its flagship rural job guarantee programme in the second phase of its ambitious direct benefits transfer (DBT) plan, under which beneficiaries of social welfare programmes will receive money directly in their Aadhaar-linked bank accounts. The attempt to broad-base the cash transfer plan before several...