-Live Mint Lack of decentralization means municipalities lack power, resources to meet rising aspirations of ‘middle' India Othakadai, Madurai (Tamil Nadu)/Hubli (Karnataka): S. Paramasivam , president of the Othakadai panchayat, has big plans for his area. "Rainwater harvesting, removal of encroachments on roads, waste recycling, covered drainage, bigger primary health care centres and community parks," lists the 58-year-old, who has spent 30 years in the stainless steel business that dominates industry...

-The Telegraph Ranchi: Sluggish economy and soaring personal aspirations are teaming up to create fertile ground for quick-rich chit fund schemes and non-banking finance companies such as the now-infamous Saradha to mushroom, but rules to give Jharkhand investors the much-needed safety net are hanging fire since over a year. Jharkhand Assembly had early last year forwarded rules framed by the state's institutional finance department for the President's consideration under The Chit Funds...

-Economic and Political Weekly The Saradha group's collapse has possibly bankrupted lakhs of small investors robbing them of their life svaings, and has rendered thousands of its agents jobless. The scam highlights the failure of the government and its regulatory agencies to reign in the mushrooming chit fund companies in West Bengal. It also brings under the scanner the Trinamool Congress' proximity with the tainted group. In the wake of the...

-IANS India also gets high scores for electoral process and pluralism (9.58) and civil liberties (9.41) Washington: Even as it acknowledges India as the world's most populous democracy, the Economist magazine's Index of Democracy 2012 ranks India 38th among 165 nations with an overall score of 7.52. India also gets high scores for electoral process and pluralism (9.58) and civil liberties (9.41). The top three positions go to Norway (9.93) Sweden (9.73) and...

-Greater Kashmir Jammu: Notwithstanding the pitiable condition of rural sanitation across J&K, the state government has not been able to utilize generous central funding under Total Sanitation Campaign (TSC), which has now been renamed as Nirmal Bharat Abhiyan (NBA), in the past three years. In the year 2010-11, out of total available funds of Rs 2373.18 lakhs, the concerned state government agencies could expend only Rs 1715.26 lakhs. The situation noticed a...