One of the key factors to inclusive growth is financial inclusion for all. Financial inclusion refers to universal access to a wide range of banking solutions and financial services in a fair, predictable and transparent manner at affordable costs. The poor tend to be ignored because the transaction costs in serving them are high. Initiatives that reduce these costs will allow service providers to begin thinking of financial services for...

-ANI Sunita Kumari, a twelve year old Dalit girl from Balthar Mod, Jharkhand, a student of class seven, was forced into marriage not once but twice. Her first tie-up was at the age of seven with a mentally challenged person residing in the nearby Siktia village. Soon after the marriage Sunita escaped from the trap and the first thing she did after coming back was to request her mother to let her...

-AP The microfinance industry pursued a path of rapid business growth in recent years; two investigations now link it to debtor suicides   First they were stripped of their utensils, furniture, mobile phones, television sets, ration cards and heirloom gold jewellery. Then, some of them drank pesticide. One woman threw herself into a pond. Another jumped into a well with her children. Sometimes, the debt collectors watched nearby. More than 200 poor, debt-ridden residents of...

-The Times of India Income tax officials on Friday carried out searches at various premises of Delhi-based businessman and defence dealer Suresh Nanda, including at the Claridges hotel owned by him. Nanda had temporarily shifted his residence to Claridges but on the day of the raid he slipped out in a similar fashion like in 2007 when a raiding party failed to lay their hands on him. Sources said he has left...

Prime Minister Manmohan Singh has blamed US-based NGOs for whipping up a campaign against the Russian-aided Kudunkulam atomic power station in Tamil Nadu, causing a major setback to the project. Singh, in an interview to the American journal 'Science' being published on Friday said, "The atomic energy programme has got into difficulties because these NGOs mostly, I think, based in the US, don't appreciate the need for our country to increase...