-The Indian Express As the 2015 target for achieving millennium development goals adopted in 1990 approaches, the time has come to take stock of various countries’ performances and identify areas that need more attention. The Unicef recently released a report which categorically stated that India will not be able to achieve the goal of an under-five mortality rate (U5MR) of 42 by 2015. The report further stated that only six of...
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RBI Rules Out Introduction of Islamic Banking
-Outlook Kochi: Reserve Bank Governor D Subbarao today ruled out introduction of Islamic banking in the country but said other methods for channelising funds based on the principles of Islamic law can be looked at. "Islamic banking is not possible", he said, adding the central bank could look at other vehicles based on Islamic banking principles to channelise NRI funds. Replying to a question on the issue, Subbarao said: "There are some legal...
More »Nearly 71 per cent of Indians aged between 60 and 80 years forced to work: Survey
-IANS Nearly 71 per cent of India's elderly aged between 60 to 80 years are compelled to work, said a survey conducted by United Nation Population Fund (UNFPA) India. The survey, partnered with many other organisations, noted that 71 per cent elderly work due to economic necessity and not by choice, and that there is a close link between current work participation and poverty and illiteracy. The survey was done in seven...
More »'Only 6 Indian States Likely to Achieve Development Goals'
-Outlook Only six states in the country, including Maharashtra and Kerala, are likely to achieve the Millenium Development Goal (MDG) on reducing child mortality by 2015, a report said today. Except Kerala, Tamil Nadu, Maharashtra, Punjab, Himachal Pradesh and West Bengal, other parts of the country are unlikely to achieve MDG 4, which aims to reduce Under-Five Mortality by two-thirds between 1990 and 2015, unless some key issues are addressed, These observations were...
More »Sibal for Fee Waiver on Mobile Money Transfer for BPL
-Outlook Telecom Minister Kapil Sibal today said Department of Posts and state-run BSNL should waive-off fees charged on money transfers by people in the Below Poverty Line (BPL) category, under the Mobile Money Transfer Service launched today. "I would urge the two departments, as a first step before revising the transaction cost... To ensure that BPL category people, when they send money, do not pay transaction cost at all," Sibal said while...
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