Tight money policy means more capital inflows: ADB Lower middle class worst affected by inflation Infrastructure development, farm productivity can help With the Wholesale Price Index (WPI)-based overall inflation still hovering at around 10 per cent, the Asian Development Bank (ADB) on Thursday said that it was likely to scale up its inflation forecast for India by the end of September. Speaking to the media after the launch of the ADB's flagship annual statistical...

Governments in India — Centre and states — spend around one per cent of the country's GDP on health. Only five countries — Burundi, Myanmar, Pakistan , Sudan and Cambodia — have a lower figure than this. But private spending on the crucial sector is 4.2 per cent of GDP, among the top 20 countries in the world. Within this private spend, employers pay for about 9 per cent and...

Complaints have reached the Ministry of Minority Affairs (MMA) that as in Andhra Pradesh, in Bihar too, banks have refused to allow tens of thousands of Muslim students to open scholarship accounts. On July 28, the MMA wrote to all State Chief Secretaries directing them to facilitate the opening of “no frills, nil balance” accounts by minority students. This followed feedback that in Andhra Pradesh banks had turned away as many...

Tribal affairs minister Kanti Lal Bhuria has written to environment and forests minister Jairam Ramesh that the committee the latter set up under National Advisory Council member, N C Saxena, is going beyond its purview to tell how the Forest Rights Act should be implemented. He has demanded that the committee should stick to looking at the role of the forest department in view of the Act. The letter, setting...

The executive on Monday lost another excuse to prevent disclosure of ministers' assets after the Lok Sabha Secretariat rejected a request from the Prime Minister's Office seeking the legislature's permission. The LS secretariat declined the request saying the RTI Act does not have any provision for giving such "clearances''. This means the PMO has to take a call on whether details of ministers' wealth should be disclosed or not. Incidentally,...