-The Business Standard   A Nandan Nilekani-led task force on an Aadhaar-enabled unified payment infrastructure has recommended setting up a network of one million interoperable micro-ATMs across the country. The ATMs will be operated by business correspondents. The task force, headed by the Chairman of Unique Identification Authority of India, submitted its report to Finance Minister Pranab Mukherjee on Thursday. The panel has suggested that in order to set-up this network quickly, a last-mile transaction...

Central allocation for the Mahatama Gandhi National Rural Employment Guarantee Scheme (MNREGS) has been falling in recent years, with this year recording the steepest decline. Money released for the scheme fell from Rs 35,242 crore last year to Rs 21,441 crore this year, while expenditure has gone down from Rs 39,000 crore last year to Rs 20,000 crore as of January-end. The average workdays under the scheme, which provides a legal entitlement...

-PTI The Prime Minister's Economic Advisory Council today projected 3 per cent growth for the farm sector in 2011-12 buoyed by record grains output, strong growth in horticulture and animal husbandry sectors. Last year, the agriculture sector had grown by 7 per cent. "The Council expects that in combination with the strong trend growth in horticulture and in the animal husbandry sectors, the overall farm sector GDP growth for 2011-12 will average 3...

If India is an aspiring society, education is perhaps the quickest vehicle of social mobility. Right to Education (RTE) is a supplyside intervention by the government that will make education cheaper and, in the process, every child will get a chance to be educated. But an approach that focuses on availability of schools, getting children to the classroom and getting them taught by reasonably well-trained teachers is not enough. Retention...

In climate change talks, the countries need to think equity differently Just before the BASIC ministerial meeting on climate change in Delhi this week, Prime Minister Manmohan Singh Stressed on “equity” in climate change talks and said economic growth should not harm the environment. Although the BASIC countries — Brazil, South Africa, India and China — are growing, making them a powerful voice in global economy, they still view themselves as...