-The Telegraph   RBI governor D. Subbarao has expressed concern over Bengal’s low credit-deposit ratio, which means that funds from the cash-starved state are actually meeting the borrowing needs elsewhere. The erstwhile Left government used to blame banks for the skewed ratio. But bankers have blamed it on the poor credit absorption capacity of rural Bengal because of fragmented land holdings — a fallout of the land reforms. After a meeting with chief minister...

-The Hindu   The Parliamentary Standing Committee on Finance has rejected the National Identification Authority of India (NIAI) Bill, which was meant to give a legal backing to the Aadhaar project and its aim of using biometrics to create a unique identity for every resident of India. Sources in the Committee say the Bill has been rejected in its current form on the grounds of the project's high cost, as well as concerns...

Eminent neurologist says kids should not be robbed of their right to grow in a natural way by “restricting [their] learning competence” with education in a foreign language like English An award-winning Jaipur-based neurologist has advocated imparting primary education to children in their mother-tongue, saying it would produce youngsters possessing “fundamentally strong personalities” bestowed with wisdom, motivation, better communication skills and creativity. In his new study, Dr. Ashok Panagariya – honoured with...

A parliamentary committee is set to reject the National Identification Authority of India Bill 2010, inflicting a severe blow to Unique Identification Authority of India chairman Nandan Nilekani and raising doubts about Prime Minister Manmohan Singh's pet project. Former IT czar Nilekani, who holds cabinet minister rank as UIDAI chief, had been keen on the enactment of the Bill so that a statutory National Identification Authority could be established. The Bill,...

The 11th five-year plan promised the nation “inclusive growth”. It marked a departure from the earlier official position that the “benefits of growth” would automatically “trickle down” to the poor, and that if growth was not actually benefiting the poor, then the reason lay in its not being high enough. The 11th plan, by contrast, conceded that the “benefits of growth” did not automatically “trickle down”, but argued that growth...