-The Hindustan Times Prime Minister Manmohan Singh has directed key ministries to coordinate with states to manage the crisis arising out of the weak monsoon this year. Rains continue to be 22% deficient. India’s monsoon deficit could crimp food output and hit farm income, which supports a third of the population, hiking inflation risk. “The Prime Minister has been apprised of the situation. He has directed all the departments and ministries to coordinate...

-The Hindustan Times Prime Minister Manmohan Singh has directed key ministries to coordinate with states to manage the crisis arising out of the weak monsoon this year. Rains continue to be 22% deficient. India’s monsoon deficit could crimp food output and hit farm income, which supports a third of the population, hiking inflation risk. “The Prime Minister has been apprised of the situation. He has directed all the departments and ministries to coordinate...

-Reuters Rich individuals and their families have as much as $32 trillion of hidden financial assets in offshore tax havens, representing up to $280 billion in lost income tax revenues, according to research published on Sunday.  The study estimating the extent of global private financial wealth held in offshore accounts - excluding non-financial assets such as real estate, gold, yachts and racehorses - puts the sum at between $21 and $32 trillion.  The...

-The Times of India More than 30 billion apps were downloaded in 2011 and three-quarters of the world's inhabitants now have access to a mobile phone. India has 70 mobile subscriptions per 100 people, a new report from the World Bank says. "Mobile communication has arguably had a bigger impact on humankind in a shorter period of time than any other invention in human history," the "Information and Communications for Development 2012: Maximizing...

-The Economic Times It was in the mid-eighties that former prime minister Rajiv Gandhi said if the Centre released a rupee for the poor, only 15 paisa reached them. Decades later, not much has changed. With leakages, delays, and uneven implementation of welfare schemes like NREGA, blunting benefits to the poor, the rural development ministry is proposing to put in place a system to assess the effectiveness of the schemes even...