-Business Today "I want it back," says Sharada Begum. The 67-year-old woman is a member of one of the 100 households of Raghubir Nagar, a resettlement colony in west Delhi, chosen to participate in a pilot scheme that aimed to turn the public distribution system (PDS) on its head. Through all of 2011, these households had Rs 1,000 transferred every month to a woman member's bank account in lieu of rice, wheat,...

-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 India's official unemployment rate last year was 3.8%, data released recently by the Labour Bureau shows, but, as always, averages hide many stories. A closer look at the numbers shows that unemployment rises with education level to 10% among graduates, and higher still for backward castes. The Chandigarh-based Labour Bureau under the union ministry of labour and employment released the 'Employment and Unemployment Survey 2012' last week. The...

-The Hindustan Times Prime Minister Manmohan Singh has called a meeting on Wednesday to consider uniform legal entitlement of subsidised foodgrains to 67% of the country's population under the National Food Security Bill. The meeting will discuss whether to accept the alternative plan, suggested by over 30 leading experts and economists, for easy and early implementation of Food Bill, a pet project of UPA Chairperson Sonia Gandhi. The experts, including plan panel member...

-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...