-Livemint.com/PTI According to a World Bank report, the number of people living in extreme poverty around the world is likely to fall to under 10% of the global population in 2015 Washington: India accounted for the largest number of poor people in any country in 2012, but its poverty rate was lowest among countries having large number of poor population, a latest World Bank report has said. According to the report,...

-Business Standard No 'smart city' will be created in the next five years, though a successful programme could see several smart colonies come up across the country The National Democratic Alliance government's ambitious Smart Cities programme will at best be able set up only 100 pilot projects in the first five years. Contrary to general perception, no 'smart city' will be created in the next five years, though a successful programme could...

-The Times of India A recent report by a data consultancy owned by the Financial Times of London created a stir by estimating that India is now the most favorite destination for foreign direct investment, beating China and the USA. The fine print indicates that they are talking about "estimated capital expenditures" in greenfield, that is, new ventures. By this estimate, India attracted $31 billion compared to China's $28 billion in...

-Business Standard Cabinet note soon on Rs 1,800-cr investment over 5 years to boost sector, skills To push fish production, the Centre is formulating a programme to tap water reservoirs and neglected water bodies such as wetlands for breeding through modern technologies. The programme, part of Prime Minister Narendra Modi’s vision of a Blue Revolution, entails Rs 1,800 crore over the next five years, much lower than what was envisaged by a working...

-The Times of India NEW DELHI: With India's 40% of the area facing drought situation due to deficient Monsoon rainfall, the government on Wednesday approved additional 50 days of employment over and above 100 days per household per year under the MGNREGA in drought affected areas. The move to increase the days of employment from 100 days to 150 days was approved by the Union Cabinet, which met under Prime Minister Narendra...