-Live Mint Difference between average spending in urban and rural areas declined by 0.6 percentage points between 2004-05 and 2011-12 The seven years between 2004-05 and 2011-12 have been among the most prosperous phases India has ever seen. What makes this phase unique is that the gains from high growth have been more evenly shared between rural and urban India than before. Real rural consumption expenditure grew at an average annual pace...

-The Economic Times That India has had an excellent monsoon is a given, as is the prognosis that it will more than double agricultural growth from the lowly 1.9% seen in the last fiscal year. The happy tidings on the farm front won't end there. The joy could actually multiply by the last quarter of this fiscal year because abundant rains will benefit the increasingly important winter rabi crop more than...

-PTI NEW DELHI: The alleged chit fund scam in West Bengal involving the Saradha Group revolves around a total sum of Rs 2,460 crore with 80 per cent of the depositors' monies still remaining unpaid, a latest investigation report has revealed. The report also states that the arrested Saradha chairman Sudipta Sen was in "total control" of all deposits made by his group companies, which are under the scanner for having perpetrated...

-Rediff.com Fairs are commonplace in the festive season but in tribal West Midnapore, which falls in the erstwhile Maoist-hit Jangalmahal area, it is child marriage fairs which are drawing large crowds. Such tribal child marriage fairs are held each year during this festive season. With the decline in Maoist violence, more tribals are fearlessly participating in the fairs being held this year, according to a report by women rights Non-Governmental Organisation 'Suchetna',...

-The Telegraph New Delhi: Swathes of eastern India resembled a gigantic overflowing bucket for parts of this week, with several areas flooded though the monsoon rainfall in the region till September was a staggering 28 per cent below average. Twelve of the region's 15 large river-fed reservoirs were brimming with water on Thursday night. Water levels in three of Jharkhand's five large reservoirs were above the full capacity although the operators, facing the...