For some reason, governments - as well as the development ''industry'' as a whole - have always had a tendency to look for universal panaceas, particular silver bullets that will solve all or most of their implementation problems and somehow achieve the development project for them. The latest such initiative bullet that seems to have been accepted as a silver bullet is the Unique Identification Project, which is now seen...

Retail giants pushing the European Union-India free trade deal promise consumers a "new and dynamic retail experience" but ignore the fate of India’s "mom-and-pop" stores and some 40 million people they employ. Four years in the making, the EU-India Bilateral Trade and Investment Agreement made serious headway during Indian Prime Minister Manmohan Singh’s visit to Brussels Dec. 10 and is due to be signed and sealed early 2011. But the negotiations have...

Farmer Dharamshyam Kujur put the hitherto nondescript village of Doba in Kudu block of Lohardaga district on the banking map of India today as he withdrew Rs 100 from his newly opened account. Watching him create history was Reserve Bank of India (RBI) governor D. Subbarao, who, as part of RBI’s ambitious outreach programme aimed at financial inclusion, inaugurated a smart card-based satellite banking system in the village earlier in the...

The Jharkhand Police has arrested seven persons for reportedly siphoning off Mahatma Gandhi National Rural Employment Guarantee Scheme funds. The FIR, filed on Tuesday at the Lapung Police Station, accuses assistant post master Binod Jaiswal, SBI’s accountant Anil Kumar Sinha, and five officials of the Block Development Office — programme officer Samir Sagar, Rojgar Sevak Sanjay Oraon, Panchayat Sevak Mansa Kachhap, junior engineer Bindeshwar Singh and assistant engineer Rahul Kumar...

In the absence of adequate banking services in rural areas in Jharkhand, some labourers sell their MGNREGA cheques to “middlemen” for a discount to get the money on the spot, a top official suggested on Wednesday. “Recently I went to Chatra and learnt that a MGNREGA labourer had sold his Rs. 100 cheque to get Rs. 70,” state Chief Secretary Ashok Kumar Singh said at a programme in presence of RBI...