It will provide credit risk guarantee to banks on the loans Prime Minister Manmohan Singh on Tuesday announced that the Centre was considering setting up a credit risk guarantee fund with a corpus of Rs. 1,000 crore, to start with, to encourage banks to lend to the poor for housing. Emphasising that developing housing for the poor was critical for sustainable urban development, he said: “To encourage banks to lend in significant...

 Standing on the shimmering white beach and gazing out at the turquoise blue waters of the Arabian sea, it is hard to believe that a decade ago this international tourist destination was under siege by mounting heaps of garbage. But Kovalam, about 12 km north of Thiruvananthapuram, capital of southern Kerala state, has been declared a ‘zero waste area’ by a women’s self-help group (SHG) which is engaged in recycling waste...

-PTI Jharkhand Chief Minister Arjun Munda today said all sections of society should come forward to ponder over how a permanent solution could be found in rooting out extremism. "Naxal problem is a serious issue and there should not be any politics in it. It requires participation of all people to discuss and find a solution," Munda said here. He was responding to a media query on the Maoist attack on former speaker...

Union rural development minister Jairam Ramesh will visit Jungle Mahal on Saturday and meet Mamata Banerjee in Calcutta on Sunday to finalise a development package for the Maoist zone. The idea is to take up Jungle Mahal as a test case for the two-pronged approach of development and police action to rein in the rebels. The state government recently decided to resume counter-Maoist operations in the region. Ramesh will visit West Midnapore...

'Economic growth will need massive energy. Will we allow an accident in Japan, in a 40-year-old reactor at Fukushima, arising out of extreme natural stresses, to derail our dreams to be an economically developed nation?' Every single atom in the universe carries an unimaginably powerful battery within its heart, called the nucleus. This form of energy, often called Type-1 fuel, is hundreds of thousands, if not millions, of times more powerful...