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Retail Inflation Slows to 9.87% in December

-Outlook Some moderation in vegetable and fruit prices eased December retail inflation to three-month low of 9.87 per cent, giving the Reserve Bank of India more leeway to manage interest rates. Inflation as measured by the Consumer Price Index (CPI) for November has been revised marginally downwards to 11.16 per cent from preliminary estimate of 11.24 per cent. Vegetable prices on annual basis rose 38.76 per cent in December, a slower pace than...

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Salaam Mumbai! -Anupama Katakam

-Frontline A report by ActionAid and the Tata Institute of Social Sciences highlights the vulnerability and tragic living conditions of thousands of children who take shelter in Mumbai's streets. IN 1988, the acclaimed film-maker Mira Nair made Salaam Bombay!, a poignantly revealing film on street children in Mumbai. The plot revolves around the protagonist, Krishna or "Chaipau", who is kicked out of his home by his mother for having damaged his...

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Paradox of Poverty amid Plenty -Jaswant Kaur

-The New Indian Express   Most people would have been shocked to read the year-end report that India has been ranked 63rd, much below countries like Pakistan, Bangladesh and Nepal, on the Global Hunger Index (GHI), a yardstick used by the International Food Policy Research Institute (IFPRI) to comprehensively measure global hunger. The index is calculated as an average of three indices-undernourishment, underweight children and low child mortality rate-and is measured on a...

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Have bank accounts for all by Jan 2016: RBI panel

-PTI MUMBAI: Recommending sweeping changes in the banking structure, an RBI panel on Tuesday suggested setting up of specialized banks to cater to low income households to ensure that all citizens have bank accounts by 2016. It also suggested that facility for withdrawal, payment and deposit should be set up within a 15-minute walking distance anywhere in the country. "By January 1, 2016 each resident, above the age of 18, would have an...

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Lack of clarity on 'early marriage' cause for India not sponsoring UN child marriage resolution: MEA

-PTI India stopped short of co-sponsoring a first-of-its-kind United Nations resolution on eliminating "early marriage" due to a lack of greater legal clarity, the External Affairs Ministry said in a reply to an RTI application. The Resolution on 'Strengthening efforts to prevent and eliminate child, early and forced marriage: Challenges, achievements, best practices and implementation gaps', was adopted by consensus at the 24th Session of the Human Rights Council held between September...

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