-Outlook Mumbai: Asking micro-lenders to look at only a "reasonable profit" to sustain their business while serving borrowers at the bottom of pyramid, RBI Governor Raghuram Rajan has said that one should not think of making a fortune while serving poorest of the poor. The comments come in sharp contrast to management guru late CK Prahalad's views in his book The Fortune at the Bottom of the Pyramid. The concept of the fortune...

-The Business Standard Against nodal ministry's protest, under PMO guidance, MoEF prepares to largely remove need for gram sabha agreement to use or give away forest land The central government is set to dilute the rights of tribals and other forest-dwelling communities, doing away with the present legal need for their consent while handing over their forest land to industry in large parts of the country. Business Standard has reviewed documents that detail...

-The Business Standard The govt takes the final decision to partially accept US demands on the phase-out of global warming refrigerant gases in India India took a leap forward to meet US demands on climate change with Prime Minister Narendra Modi's and US President Barack Obama's joint statement. The government took the final decision to partially accept US demands on the phase-out of global warming refrigerant gases in India, a step India had...

-The Business Standard Like Indira Gandhi, even Narendra Modi seems to be relying on directing public-sector banks through ministry of finance supported by party cadres. How new is that? Narendra Modi's biggest project so far is Pradhan Mantri Jan Dhan Yojana (PMJDY), an aggressively promoted idea to open bank accounts. The English media ran full-page ads and TV commercials to announce the scheme that is supposed to reach largely rural households. It...

-The Hindu Business Line Corruption in NREGA works has steadily declined in recent years. There are important lessons here that need to be extended to other domains One neglected aspect of the debate on the National Rural Employment Guarantee Act (NREGA) relates to the process aspects of the programme. In the process of planning works, organising employment, paying wages or fighting corruption, many valuable activities take place: Gram Sabhas are held, workers...