-IANS   After fabricating Jugnu, the country's tiniest satellite launched last month, Indian Institute of Technology-Kanpur graduates have now come up with a matchbox-sized device to monitor wear and tear of railway tracks and prevent derailment.  The new device is aimed at replacing a bulky, box-like contraption that is currently used by Indian Railways.  "Our device is a supplementary system for monitoring track health, making it simpler to integrate with the existing railway infrastructure,"...

While Rahul Gandhi spoke of a woman delivering a baby once a week and 52 times a year in Uttar Pradesh according to the official record of the Janani Suraksha Yojana (JSY) on Monday, Youth Congress men in Lucknow were busy preparing an exhibition of glaring cases of corruption in the scheme at their state office.   The exhibition, based on an audit conducted in 12 blocks, is expected to start on...

-The Economic Times   The UPA government - especially the Planning Commission - has been taken to task for fixing a poverty line at a level (Rs 32 per capita/day in urban areas) that does not even guarantee a bare subsistence. In the medley of scathing critiques and rebuttals, three strands of arguments seem dominant. One is that the poverty line is utterly unrealistic as a measure of subsistence requirements of food, health...

The spurt in farm credit by commercial banks, including regional rural banks, has interestingly not led to any let-up in distress in the agrarian economy -- a mystery that continues to baffle academics, policy planners and, more recently, bankers Last week, a clutch of bankers and policy wonks gathered in Bangalore to review recent trends in farm credit. On the face of it, credit to the farm sector is on an...

Investigations say they have already mopped up a “massive amount” — running into “hundreds of crores” — as unpaid taxes from among the 700 numbered bank accounts held by Indians in HSBC Bank in Geneva in the ongoing scrutiny of what is considered a sprawling black money trail. In fact, Rs 40 crore has been recovered from Delhi-based account holders and Rs 60 crore from just one account holder in Chennai...