-PTI Indians are the largest depositors in banks abroad with an estimated 500 billion US dollars (nearly Rs 24.5 lakh crore) of illegal money stashed by them in tax havens, the CBI director said on Monday.  India, in particular, has suffered from the flow of illegal funds to tax havens such as Mauritius, Switzerland, Lichtenstein, British Virgin islands etc.  "It is estimated that around 500 billion dollars of illegal money belonging to Indians...

-PTI   Planting of trees by families on birth of a girl child, the theme of Bihar's tableau in this year's Republic Day parade, has worked wonders for a village in Bhagalpur by improving the environment and providing financial security to girls.  The tradition in Dharhara village, about 40 km from here, was popularised by Chief Minister Nitish Kumar who was so impressed by it that he decided to launch a welfare scheme...

Not only are the Forest Rights Act and the Panchayats Extension to Scheduled Areas Act routinely violated in Chhattisgarh, the adivasis are also short-changed on legislative representation and reservations in government jobs. As the state cedes land to capital while reducing the adivasis to an ornamental presence, there is increasing assertion of adivasi identity, born out of class predicaments and experiences of displacement as much as notions of indigeneity. Supriya Sharma...

Neglected by conventional banks, low-income women in Satara have set one up themselves. Not long after Chetna Gala Sinha came to the drought-stricken region of Mhaswad in western Maharashtra to marry a farmer and prominent local social activist, she began putting her university degree in finance into action. Local women, she observed, were wearing themselves out in subsistence livelihood such as growing grapes or selling vegetables. In 1992, Chetna, who grew up...

In Bihar, the coupon system to distribute PDS grain fails to prevent corruption. AT the Jamaluddin gram panchayat in Patna district on January 26, 2007, Chief Minister Nitish Kumar launched an ambitious reform of the public distribution system (PDS) in Bihar: a coupon system. He claimed that it would “empower the poor and stop black-marketeering” and that it was “not a simple coupon but a powerful weapon in the hands...