Tight money policy means more capital inflows: ADB Lower middle class worst affected by inflation Infrastructure development, farm productivity can help With the Wholesale Price Index (WPI)-based overall inflation still hovering at around 10 per cent, the Asian Development Bank (ADB) on Thursday said that it was likely to scale up its inflation forecast for India by the end of September. Speaking to the media after the launch of the ADB's flagship annual statistical...

What are the poor most concerned about? After meeting families in 175 Indian villages in the last decade, Anirudh Krishna, says the poor's greatest worry is their children's future. With a manner of a school teacher, Professor Krishna, who teaches at the Sanford School of Public Policy at Duke University in the US, has led a team meeting poor families to find out why poverty persists. The research also includes...

Bandicoots eat up over 50 lakh tonnes in FCI godowns, says BJP BJP delegation, led by party national secretary K. Laxman, visit godowns at Vanagapally State not releasing foodgrains as it wants middlemen to benefit: Laxman Bandicoots have eaten up over 50 lakh tonnes of foodgrains stored in the godowns of the Food Corporation of India (FCI), according to the revelations of a BJP delegation, led by party national secretary K. Laxman, that...

The rise in global wheat prices by almost 50% in less than two months as commodity markets factor in a sharp drop in exportable surplus has not touched India, among world’s biggest producers and consumers of wheat. What’s more surprising, domestic futures prices too are unlikely to show any appreciable rise, going by the trend in India’s commodity markets. Barring minor blips, August and September wheat futures at NCDEX, largest exchange for...

Complaints have reached the Ministry of Minority Affairs (MMA) that as in Andhra Pradesh, in Bihar too, banks have refused to allow tens of thousands of Muslim students to open scholarship accounts. On July 28, the MMA wrote to all State Chief Secretaries directing them to facilitate the opening of “no frills, nil balance” accounts by minority students. This followed feedback that in Andhra Pradesh banks had turned away as many...