With 130-140 million Indians likely to move to cities in the next decade and an equal number in the one after that, the development of urban India represents the biggest challenge you can think of -- in the next two decades, India will have to create as many new cities as it created in the last several hundred years. Alternately, the existing cities which are home to around 285 million people...

With food prices showing no signs of abating and the impact of the fuel price hike in the latest budget making its presence felt, inflation moved fast towards the double-digit mark, touching 9.89 per cent in February, the highest in 16 months. The wholesale price-based inflation stood at 8.56 per cent in January. This could well cross the double-digit mark in March, experts said. Finance Minister Pranab Mukherjee had earlier said the...

What’s Working... Cashless facility for hospital care, medicine for BPL families Ensures one-point diagnosis, treatment with empanelled hospitals Fixed charges for procedures reduces chances of fleecing Empanelled private hospitals help ease burden on state ones *** ...And What’s Not Lack of awareness leads to under-utilisation of the scheme Flaws in BPL data deprives many of the RSBY card Outcome dependent on regular monitoring of service providers Could shift focus from need to improve...

India’s private sector banks are busy drawing up plans to attack public sector banks in their backyard—rural India—by opening hundreds of new branches. They don’t need to seek the Reserve Bank of India’s (RBI) nod any more to open branches in smaller towns and large villages, the so-called tier III to VI centres with population below 50,000. The Indian central bank has also permitted private and public sector banks to...