Private coaching constitutes a significantly large portion of the expense students incur on education, sometimes even bigger than the expenditure on school fees, a study says. In Gujarat, Maharashtra and Karnataka, school students who go for tuitions spend more on private coaching than the average school student does on all items including school fees, transport, books and stationary and uniforms. These are the findings of a in 2007-08 National Sample Survey Organisation...

A generally beleaguered microfinance industry was eagerly waiting for Yezdi Malegam for deliverance. Any conversation about the microfinance business would end with the expectation that the Malegam committee would deliver a healthy dose of oxygen to the choking microfinance industry. The report was expected to be the panacea for all that ails microfinance in India. The report, which came out on Monday, disappoints not only in its inability to meet these...

At least 29 of the 66 migrants crushed to death in east Delhi when a building collapsed on Monday night hailed from Bengal. The figure signposts the exodus of an abandoned generation and the inability of a state to retain its young or equip them for a better life elsewhere. The death of so many Bengalis has brought out in the open troubling issues that policymakers — both in the state...

The Maharashtra Electricity Regulatory Commission (MERC) on Thursday spared a power tariff hike for nearly 16 lakh non-metered agriculture consumers consuming up to 5 horsepower and 1.20 crore residential consumers of Maharashtra State Electricity Distribution Company Ltd (MSEDCL) with a monthly consumption up to 300 units, for 2010-11. Taking note of the grievance of educational institutions, dispensaries and hospitals consuming a load up to 200kw,MERC has de-clubbed them from the commercial...

`Financial Inclusion' as defined by the committee of financial inclusion is the process of ensuring access to financial services and timely and adequate credit, where needed by vulnerable groups, such as weaker sections and lower income groups at an affordable cost. Reserve Bank of India (RBI) has selected Baikunthpur village in Narayanpur block of Mirzapur district to provide banking services to the villagers under its financial inclusion programme. The programme...