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India trades up, finds census by Asit Ranjan Mishra & Shuchi Bansal

The latest round of data on the 2011 Census shows that the country is exhibiting distinct signs of trading up as material living conditions improve for large sections of the population. Although this aggregate picture is not uniform across the country, analysts believe that the upward material mobility in society is creating the basis of a new consumer boom in the economy—serving up a perfect backdrop ahead of the presentation of...

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Need regulation to make sure that financial inclusion becomes cost-effective by Ashok Khemka

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...

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A welcome rollback

-The Business Standard Cotton export ban was an example of poor policy The government’s sudden move to ban cotton exports – rolled back in less than a week following anger from cotton farmers and adverse political fallout — reflects very poorly on its policy management. The commerce ministry clamped down on exports without clear logic; prior consultations with other ministries concerned were also cursory or non-existent. Unsurprisingly, most players in the cotton...

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CM’s farm-before-factory fence

-The Telegraph Chief minister Mamata Banerjee has sought to address stirrings of disenchantment by using the run-up to the Nandigram firing anniversary to reassure her core constituency that she would not budge from her known positions on land and industry. The chief minister emphatically asserted that her government would not endorse special economic zone (SEZ) status for the Infosys project in Rajarhat. She stuck to her stand that land ceiling would not...

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Jairam announces national award for sanitation

-The Hindu Union Minister for Rural Development, Drinking Water and Sanitation Jairam Ramesh announced a national award for sanitation and water in the name of Maharashtrian saint Sant Gadge Baba. The Minister toured several villages in Satara district in Maharashtra to inspect the work of the Nirmal Gram Yojana for sanitation on Sunday. The award, constituted in the name of the Saint who strove towards service to society through cleanliness, will be for...

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