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Government may bring legal backing for private companies to use Aadhaar

-The Economic Times NEW DELHI: The government could look at introducing new sectoral regulations or amending existing ones to allow entities such as banks and mobile companies to continue using the Aadhaar number for faster authentication and customer acquisition. Such use has been banned by the Supreme Court ruling that struck down parts of Section 57 of the Aadhaar Act that allow sharing of data in this manner. Inter-ministerial consultations will be...

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Fiscal deficit in April-August at 94.7% of govt's annual target -Asit Ranjan Mishra

-Livemint.com India’s fiscal deficit touched 94.7% of the budgeted target during the April-August period while revenue deficit crossed the budget estimate at 113.8% in the same period New Delhi: Despite a substantial increase in transfer of surplus by the Reserve Bank of India (RBI) to the government, India’s fiscal deficit touched 94.7% of the budgeted target during the April-August period while revenue deficit crossed the budget estimate at 113.8% in the same...

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In Terms of Educational Mobility, India's Muslims Worse off Than African-Americans

-TheWire.in A recent study has found that higher caste groups have experienced constant and high upward mobility over time, a result that contradicts a popular notion that it is increasingly difficult for upper-caste Hindus to get ahead. New Delhi: A new study focusing on intergenerational mobility – changes in social status between different generations within the same family – claims India’s Muslims to be the least upwardly mobile group, Indian Express reported....

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What ails the Indian banking sector? -Pronab Sen

-Livemint.com The problem escalated due to the government’s focus on infrastructure during 2002-09, especially with the efforts made to promote public-private partnerships The past two years or so have seen rapidly increasing stress in the Indian banking sector, with non-performing assets (NPAs) steadily climbing from under 3% to over 13% of total assets. Loan-loss provisioning for NPAs has seriously eroded the capital base of several banks, limiting their ability to make further...

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Upward mobility: Muslims down; SCs, STs up; upper-caste & OBCs unchanged -

-The Indian Express The study also says that mobility levels for African Americans in US are better than those for Muslims in India but the movement of Dalits and Scheduled Tribes is comparable to that of African-Americans. New Delhi: As rising aspirations of India’s demographic dividend shape social and political discourse, comes a sobering new study: Looking at education and income, there is little inter-generational mobility (upward mobility from parent to child)...

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