The National Bank for Agriculture & Rural Development, or Nabard, has started lending directly to infrastructure projects out of its own resources for the first time in 30 years, in an attempt to diversify its activities and make itself relevant at a time when the dynamics of the rural market are changing.  Essentially a refinance bank till recently, Nabard has created a Rs 1,000-crore special window for lending to build core...

A government panel has floated the idea of making voting compulsory in civic and panchayat elections, with a fine of Rs 25 for anyone who chooses not to vote despite the absence of disabling circumstances. The panchayati raj ministry task force has argued that higher polling is likely to reduce the influence of money power on election results. A low turnout suggests that only committed voters and those who have accepted money...

The smart card versus unique identity number battle between P. Chidambaram and Montek Singh Ahluwalia will hit the ground tomorrow at Porthapur village in Andaman and Nicobar Islands when the home minister hands out the first tranche of 2.56 lakh resident identity cards. The resident cards are a rival to the unique identity number conceived by the Planning Commission to establish authentic identification for each resident and cut out corruption in...

-PTI   The Gujarat Government on Thursday approached the Supreme Court challenging a High Court order upholding the governor’s decision to appoint Justice R A Mehta as the Lokayukta of the state. While upholding the appointment of retired judge Mehta as the Lokayukta, Justice VM Sahai of the high court had said that Chief Minister Narendra Modi’s “pranks” had sparked a “constitutional mini crisis”. Justice Sahai, who was hearing the petition against Justice Mehta’s...

Pratham's seventh Annual Survey of Education Report (ASER) of rural India released on Monday tells a similar tale: rising enrolment but declining attendance, over-reliance on private tuitions, decline in reading and mathematical ability of children in the age group between six and 14. The report was released by HRD minister Kapil Sibal. Use of computer is also on the rise in upper primary schools. Almost a third (30.8%) of upper primary...