India’s private sector banks are busy drawing up plans to attack public sector banks in their backyard—rural India—by opening hundreds of new branches. They don’t need to seek the Reserve Bank of India’s (RBI) nod any more to open branches in smaller towns and large villages, the so-called tier III to VI centres with population below 50,000. The Indian central bank has also permitted private and public sector banks to...
More »SEARCH RESULT
Total Matching Records found : 2921
The politics of identity by Ruchi Gupta
In February 2011, India will become the first country in the world to issue its residents biometric-based numbers (UID) to establish identity. For this purpose, the Central government has constituted the Unique Identification Authority of India (UIDAI) under the Planning Commission. The UID number is marketed as a fundamental enabler for efficient delivery of government services and inclusive development. As per the Authority, benefits of the UID number include elimination...
More »Bihar’s miraculous economic growth: Myth or reality?
A section of the media seems to be mighty impressed with Bihar’s miraculous (11.03%) average annual growth during the 2004-05 to 2008-09, supposedly akin to that of Gujarat (11.05%) but is there a catch in this stunning statistics? (See the graph below). While the media has quoted the Gross State Domestic Product at factor cost (at constant 1999-2000 prices) as provided by the Central Statistical Organization (CSO), but the corresponding...
More »Law and loopholes by TK Rajalakshmi
A study finds ambiguities in the law to protect women against domestic violence and lack of knowledge of the Act among relief providers. ON October 26, 2006, Parliament enacted the Protection of Women from Domestic Violence Act, not only to recognise the hitherto unrecognised and latent forms of violence against women in domestic relationships (in and outside marriage), but also to provide a civil remedy to ameliorate the conditions of...
More »Poverty, beyond calories by Savvy Soumya Misra
New method finds India is 9 per cent poorer india is poorer than previously estimated. A revised estimation of poverty for 2004-05 using new methodology showed the number of people below the poverty line was 37.2 per cent and not 28.3 per cent, as estimated earlier. The new estimate took into account expenditure on food, basic health and education, unlike the earlier estimation based on per capita calorie consumption. The inclusions...
More »
