-The Business Standard Says electronic payments can help manage fraud and leakage risks in government payment programmes The role that technology plays in the economy has become so integral that it can't be ignored, said a recent report by the World Bank. According to the report, electronic payments can save over one per cent of India's gross domestic product (GDP). "Cash may still be king at times, but compared with electronic payments, cash...

-The World Bank Press Release WASHINGTON- The number of people living in extreme poverty around the world has sharply declined over the past three decades, but in 2010 it still included roughly 400 million children, or one -third of those living in such abysmal conditions, according to a new World Bank analysis released today that for the first time gives an in-depth profile of the poorest people in the world. The report...

-Outlook The faecal matter hits the rotary blades, politically-but we're still staring at a sanitation disaster "Indians defecate everywhere. They defecate mostly besides the railway tracks. But they also defecate on the beaches; they defecate on the hills; they defecate on the river banks; they defecate on the streets; they never look for cover." -V.S. Naipaul An Area of Darkness, 1964 Not...

-The Economic Times MUMBAI: Bank account holders can now send Money to any individual through mobile banking by merely entering the recipient's Aadhaar number. National Payments Corporation of India, which launched Aadhaar-based remittances on Wednesday, sees its use in micro-payments such as taxi fares and small purchases. The transfers can be done using the most basic phones through SMS for small amounts or through mobile banking apps for amounts over Rs...

-The Hindu Poverty takes a huge toll on the mind and on this World Mental Health Day, the focus should be on the well-being offered by community-based alternative approaches In recent years, the impact of mental illness on the social and economic health of nations has been well understood, placing mental ill health as one of the leading causes of disability adjusted life years (DALY) worldwide. There has been much focus on...