-The Economic Times   The Reserve Bank today expressed concern over asset quality of banks and lower credit flow to rural areas, despite the fact that performance of Indian banks improved during the 2010-11 period.  In its report titled 'Trend and Progress of Banking in India 2010-2011', RBI said that the Indian banking sector demonstrated continued revival from the peripheral spill over effects of the recent global financial turmoil in 2010-11, but despite...

Genetically modified (GM) pest-resistant crops may not be the panacea they are made out to be, a new study shows, with specific reference to Bt cotton. The field trial by scientists in Nagpur shows that the soil the plants are grown in matters almost as much as insect-killing genes and pesticide sprays. The finding could significantly increase the amount of money farmers spend in buying and spraying pesticides. It could also mean...

The worse off the poor become, the healthier our Ministers get. Air India might not be doing as well we'd like it to. But the braveheart who flew it fearlessly into dense clouds of debt is doing okay. Praful Patel (who no longer holds the aviation portfolio) added, on average, over half a million rupees every day to his assets in 28 months between May 2009 and August 2011. This might...

The Nuclear Safety Regulatory Authority Bill is a first step towards granting functional autonomy to the country's nuclear regulator. THE true independence and functional autonomy of the existing Atomic Energy Regulatory Board (AERB) has been questioned for long. The issue gained further importance in recent months after it was raised in many quarters in the wake of the Fukushima nuclear disaster in March in Japan. To allay public fears as...

Anna Hazare's campaign may lead to a new Lokpal Bill, but it has legitimised middle-class vigilantism and other kinds of civil society mobilisation. NOW that Anna Hazare has declared victory, it is time to take stock of one of the most powerful recent mobilisations of people in India, focussed on influencing policy or lawmaking processes. The victory, however, is largely symbolic. The original demand of the movement, carefully built around Hazare's...