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...

The disaster in Japan revealed many risks that were earlier unknown; it is important to assess the risks in India in a transparent manner and explain which are worth taking. The nuclear plant accident at Fukushima, Japan, in March 2011 exemplifies the prescient remark of nuclear reactor pioneer, the late Alvin Weinberg, that “a nuclear accident somewhere is a nuclear accident everywhere.” After Fukushima, many countries initiated a reconsideration of the...

-The Hindu Business Line    The President of Confederation of Indian Industry (CII), Mr B. Muthuraman, on Thursday said that the Land Acquisition, Rehabilitation and Resettlement Bill, 2011, would cause a five-fold increase in land prices to the industry. “No industry will be able to afford that,” he said in an interaction with journalists, on the sidelines of a conference on the theme “Tamil Nadu: Vision 2025”. The Bill is expected to be presented...

-The Telegraph A group of eminent individuals has written to Prime Minister Manmohan Singh asking him to initiate a “truly inclusive process of deliberation” to help formulate a rational public policy on nuclear power and genetically modified (GM) crops. Justice V.R. Krishna Iyer, a former Supreme Court judge, and 16 others, including former scientists and administrators, have also questioned Singh’s remarks to a US journal last month suggesting that foreign non-government organisations...

Taking strong exception to Prime Minister Manmohan Singh's remarks against NGOs who opposed genetically modified crops and nuclear power plants, a group of eminent citizens said that it was a “highly inappropriate misrepresentation of facts.” In a strongly-worded letter to him, the group led by the former Supreme Court Judge, V.R. Krishna Iyer, and including the former Chairman of the Atomic Energy Regulatory Board, A. Gopalakrishnan, said it was the government...