With nearly 60% of the country’s population unbanked and the government pledging to bring banking to the lowest stratum of society, the Indian Institute of Management, Indore (IIMI), has decided to do its bit on financial inclusion. For its annual management summit Ahvan, the institute has decided to unveil a programme called Samanvay, where IIMI students will help underprivileged people in and around the campus open bank accounts and get...

It is estimated that food grain worth Rs 60,000 crore have been left to rot. Who is responsible? This figure is highly exaggerated. According to a study by the agriculture ministry, only 0.004 percent of stored food grain are rotten. There were 11,708 tonnes of damaged and non-issuable food grain in Food Corporation of India (FCI) depots. However, the whole lot hasn’t become spoilt. This quantity has become non-issuable to...

Today, the Supreme Court of India will hear arguments in what is emerging as a national disgrace: One of the world’s largest stockpiles of foodgrain going to rot and rodent because the government lacks the vision, ability and commitment to either store it properly or distribute it to the poor. Let me recap what I reported on the front-page of this paper last month: About a third of India’s grain reserves,...

JHABUA, India — Inside the drab district hospital, where dogs patter down the corridors, sniffing for food, Ratan Bhuria’s children are curled together in the malnutrition ward, hovering at the edge of starvation. His daughter, Nani, is 4 and weighs 20 pounds. His son, Jogdiya, is 2 and weighs only eight. Landless and illiterate, drowned by debt, Mr. Bhuria and his ailing children have staggered into the hospital ward after falling...

With 267 people being born every minute and 108 dying, the world’s population will top seven billion next year, a research group projects, while the ratio of working-age adults to support the elderly in developed countries declines precipitously because of lower birthrates and longer life spans. In a sobering assessment of those two trends, William P. Butz, president of the Population Reference Bureau, said that “chronically low birthrates in developed countries...