Citibank manager Shivraj Puri’s alleged fraud on wealthy clients has swivelled the spotlight on the growing number of high net-worth individuals whose money banks rush to manage for a fee. The wealth of high net-worth individuals (HNIs) — defined as those who have “investable assets of at least $1 million (around Rs 4.5 crore) — in India is estimated at a staggering $477 billion and is rising each day. According to the...

For the Indian media, 2010 has been almost Dickensian: it’s been the best of  times, but also possibly the worst. A chief  minister resigning, a Union minister stepping down, senior politicians raided: when was the last time the Indian media could claim so many ‘victories’ in a single year? Yet, just as we were rejoicing at the return of  hard, uncompromising news journalism, along come the Niira Radia tapes to...

India is on course to top China as the world’s most populous country in 2025, the US Census Bureau forecast, potentially changing the dynamics between the ASIan giants. The latest Census Bureau estimates out this week, which are in line with previous studies, predicted that India would have 1.396 billion people in 2025, surpassing China, whose population growth is more modest. China since 1980 has allowed most women to bear only one...

Prof Shenggen Fan, Director General, International Food Policy Research Institute (IFPRI), Washington DC, said that hunger and malnutrition continued to be challenging problems among 29 countries of the world, and India was one of them. As such, food and nutrition availability should be the major development goals in the national policy of these developing nations. Delivering a special lecture on the second day of the 93rd annual conference of the Indian...

When French Jesuit priest and passionate agriculturist Henri de Laulanie developed the System of Rice Intensification (SRI) method of cultivation for Madagascar’s poor farmers in the 1980s, he probably had no idea that millions of farmers elsewhere in the world would one day benefit from it as well. Here in India, one of the 40 countries where SRI is now in use, poor tillers of the land are even helping propagate...