-The Times of India MUMBAI: A few weeks after RBI governor Raghuram Rajan Stressed on building credit histories of individuals based on the Aadhaar number, one bank has introduced unique identity-based eKYC for opening loan and savings accounts. Axis Bank, which is using payment company Visa's network to access Aadhaar database , will introduce the eKYC facility in around 25 branches next week. The branches will open loan and deposit accounts based...
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Progress blow to Gujarat -Basant Kumar Mohanty
-The Telegraph New Delhi: An expert panel has ranked Gujarat 12th among states in development, its findings flying in the face of Narendra Modi's claims but winning endorsement from economists The Telegraph spoke to. The committee, headed by Raghuram Rajan who has since been appointed Reserve Bank governor, assessed states on the basis of 10 criteria, which included many human development indicators. Bengal came 16th. Economist and Planning Commission member Abhijit Sen, who...
More »Kharif rice output projected to drop to 92.32 million tonnes: Government
-PTI NEW DELHI: Country's rice production is projected to drop to 92.32 million tonnes in the Kharif season this year due to deficient rains in some states, but the overall foodgrain output is estimated to rise marginally to 129.32 million tonnes in the same period. The rice production stood at 92.76 million tonnes in the kharif (summer) season of the 2012-13 crop year (June-July), while total foodgrain output was estimated at 128.20...
More »Better, but still lagging behind-Govindan Nair
-The Hindu It is premature to speak of a ‘new Bihar' based on the experience of a compressed time-frame Rekindling Governance and Development: Edited by N. K. Singh, Nicholas Stern; HarperCollins Publishers, A-53, Sector 57, Noida-201301. Rs. 699. The editors of this book have gathered a panel of stellar luminaries to valorise their notion of ‘The New Bihar'. Learned, laudatory essays extol the sea-change wrought by the NDA government since it came to...
More »UN climate experts Stress solidity of new report
-AP STOCKHOLM: Seeking to dispel any doubts over the credibility of their work, UN climate experts called their latest report an unbiased and reliable assessment of global warming as they presented it Monday to officials from 110 governments for a final review. The landmark report by the Intergovernmental Panel on Climate Change is expected to state with more confidence than its previous four assessments that global warming is mostly man-made. It's also going...
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