-The Economic Times MUMBAI: Bank account holders can now send money to any individual through mobile banking by merely entering the recipient's Aadhaar number. National Payments Corporation of India, which launched Aadhaar-based remittances on Wednesday, sees its use in micro-payments such as taxi fares and small purchases. The transfers can be done using the most basic phones through SMS for small amounts or through mobile banking apps for amounts over Rs...

-The Telegraph New Delhi: Foreign corporations have created over 247,000 jobs through research and development (R&D) investments in India over the past decade, but most of the activities appear relatively unimportant with little long-term gains , researchers have said. The study, described as the first comprehensive assessment of foreign direct investment (FDI) in R&D, has challenged suggestions by Indian science policy makers and foreign corporations a decade ago that turning India into...

-Outlook Bhubaneswar: A World Bank team has offered to provide technical assistance, global expertise and logistic support to Odisha and its mining sector, official sources said today. This was conveyed by the five-member World Bank Team led by Vikram Menon, State Programme Coordinator, to the state government while wrapping up its visit here yesterday. "The team expressed its willingness to provide and utilise non-lending technical assistance and world-class expertise in the state mining...

-The Times of India NEW DELHI: Reflecting the larger national mood against corruption, the Central Vigilance Commission (CVC) saw a staggering jump of over 110% in the number of complaints received by the integrity institution last year. "The Commission received more than 37,000 complaints during 2012 as compared to 17,407 complaints in 2011 which is 113% more than that of previous year," says the annual CVC report. Among them were over...

-Tehelka.com The Sen-Bhagwati ‘debate' on economic policy is focussing on the wrong issues Several things are quite remarkable about the recent debate between Professor Amartya Sen and Professor Jagdish Bhagwati. The first surprise is that such a debate could become a major news item at all, making headlines and filling screen time on news channels, when it is about economic strategies that are normally discussed only in relatively small academic and policy...