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The Political Economy of Shadow Finance in West Bengal-Subhanil Chowdhury

-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...

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India, other developing nations drive global economic growth: UN -Arlene Chang

-First Post While the average Human Development Index (HDI) for the region is 0.558, below the world average of 0.693, South Asia saw the highest growth in the index between 2000 and 2012, according to the United Nations Human Development Report 2013. The region registered an annual growth of 1.43 percent in HDI, the highest compared to other regions. It also said that the developing countries as a whole are driving the...

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Govt introduces Biosecurity Authority Bill In Lok Sabha-Sanjeeb Mukherjee

-The Business Standard Bill would pave way for setting up of an authority to help control pests & diseases in plants and animals Agriculture Minister Sharad Pawar today introduced a bill in the Lok Sabha that would pave way for setting up of a National Biosecurity Authority, which would help in prevention, control, eradication and management of pests and diseases of plants and animals and unwanted organisms. The Bill which was being debated...

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Budget 2013: Rs 80,194 crore to Ministry of Rural Development

-The Economic Times Finance Minister P Chidambaram has allocated Rs 80,194 crore to Ministry of Rural Development in Budget 2013. Giving the emphasis on education, Chidambaram said Budget 2013 will allocate Rs 65,867 crore to the HRD ministry. My budget's overarching goal is to create opportunities for our youth, he said. More than the fiscal deficit, Chidambaram said his greater worry is the current account deficit. In his Budget speech, he said the 'passion...

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The Doctor Only Knows Economics-Lola Nayar and Amba Batra Bakshi

-Outlook This could be the UPA’s worst cut to its beloved aam admi. Healthcare has virtually been handed over to privateers. Not For Those Who Need It Most Govt seems to have abandoned healthcare to the private sector Diagnosing An Ailing Republic     70 per cent of India still lives in the villages, where only two per cent of qualified allopathic doctors are available     Due to lack of access to medical care, rural India...

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