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Esther Duflo, co-founder of the Abdul Latif Jameel Poverty Action Lab (JPAL) at the MIT speaks to Rukmini S

-The Hindu We could hold people accountable to a reasonable standard of expectation and that's the first step, says economist Esther Duflo In 2003, French-American economist Esther Duflo co-founded the Abdul Latif Jameel Poverty Action Lab (JPAL) at the Massachusetts Institute of Technology (MIT) with Abhijit Banerjee and Sendhil Mullainathan. In just over ten years, JPAL has carried out 568 field experiments - or Randomised Control Trials (RCTs) - in 56 countries,...

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24x7 power: World Bank offers Centre a plan -Anupama Airy

-The Hindustan Times The World Bank has submitted a detailed action plan that could help the government meet its objective of supplying power 24x7 in the country, with focus on bringing down distribution losses, improving infrastructure and expanding solar power. The proposal includes a state-wise turnaround plan for the key seven or eight states that together account for about 80% of the $20 billion (Rs 1.2 lakh crore) annual power distribution losses. Officials...

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Will the ‘Jan’ get their ‘Dhan’? -Akansha Yadav & Sowmya Kidambi

-The Hindu Business Line   Opening bank accounts in rural areas is all very well, but biometric frauds are a serious possibility The ambitious Pradhan Mantri Jan Dhan Yojana (PMJDY) aims at bringing millions of rural Indians within the financial mainstream by opening bank accounts. In 2006, the Reserve of India, recognising that a majority of rural Indians had little or no access to banking services, allowed banks to use third-party, non-bank agents...

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Andhra Bank launches 'Kisaan Vaani'

-The Business Standard The facility provides latest technical information on agriculture and allied activities to farmers of Andhra and Telangana Andhra Bank on Monday launched ‘Andhra Bank Kisaan Vaani', a new facility which provides latest technical information on agriculture and allied activities to farmers of Andhra Pradesh and Telangana through ‘Green SIM'-based voice message, in association with Iffco Kisaan Sanchar Limited (IKSL). IKSL has developed a green SIM for transfer of voice messages...

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Army of jobseekers now 11cr-strong -Subodh Varma

-The Times of India Over 113 million persons were "seeking or available for work", that is, they were unemployed, according to Census 2011 data released today. This huge number made up around 15% of the working age population of about 748 million persons in the 15 to 60 years age group. These unemployed persons were distributed over nearly 70 million families or households. That's about 28% of all households in the...

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