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Banking on hope -Sagnik Dutta

-Frontline How far will the proposed women's bank help marginalised sections when women's SHGs get little support and find it hard even to open accounts in public sector banks? WHILE the recent announcement of a women's bank in the Union Budget has been touted as a progressive measure for the financial inclusion of women, no concrete measures have been forthcoming to make all existing public sector banks sensitive to the needs...

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Andhra Pradesh to challenge SC interim order on SKS-Dinesh Unnikrishnan

-Live Mint State govt says did not receive notice from SC before order was issued; SKS shares fall 19.63% in intra-day trade Mumbai: Andhra Pradesh, once the largest market for microlenders and home to India's lone listed such institution SKS Microfinance Ltd, said on Thursday it would challenge the Supreme Court's recent interim order allowing the company to resume operations in the southern state, driving the stock down by almost 20%...

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Urban slums data reinforces India’s consumption story-Neha Sethi

-Live Mint Indians who live in slums are not very different from those who live elsewhere, in terms of ownership of assets Indians who live in slums are not very different from those who live elsewhere, in terms of their ownership of assets, including consumer products and houses, although they may not have the same access to water and sanitation. The finding, reflected in Census 2011 data that was released on Thursday, reinforces...

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Singapore stands tall against US in balancing growth with social and economic equity -Joseph Stiglitz

-The New York Times Inequality has been rising in most countries around the world, but it has played out in different ways across countries and regions. The US, it is increasingly recognised, has the sad distinction of being the most unequal advanced country. Singapore, meanwhile, has had the distinction of having prioritised social and economic equity while achieving very high rates of growth over the past 30 years: an example par excellence...

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EC can’t disqualify candidate over poll accounts, paid news: Government -P Sainath

-The Hindu The commission, which has won acclaim for conducting elections with fairness and integrity, is now in danger of seeing a huge gutting of its powers to do so The Union Government has told the Supreme Court that, in its view, the Election Commission of India has no power to disqualify a candidate on grounds of “correctness or otherwise” of his/her election accounts. A counter-affidavit filed by the Union Law Ministry...

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