-The Times of India MUMBAI: A few weeks after RBI governor Raghuram Rajan stressed on building credit histories of individuals based on the Aadhaar number, one bank has introduced unique identity-based eKYC for opening loan and savings accounts. Axis Bank, which is using payment company Visa's network to access Aadhaar database , will introduce the eKYC facility in around 25 branches next week. The branches will open loan and deposit accounts based...
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Debts killed 1.98 lakh farmers in a decade: Report -Chetan Chauhan
-The Hindustan Times About 1.98 lakh farmers committed suicide in India between 2001 and 2012 as the benefits of high growth failed to trickle down to the rural areas, says the India Rural Development Report 2012-13 released on Thursday. Indebtedness and lenders confiscating land have been attributed as the main causes of the farmers' deaths. Around two-third of the farmer suicides were reported from Maharashtra, Andhra Pradesh, Karnataka, Madhya Pradesh and Chhattisgarh. Depicting the...
More »Indian job-guarantee scheme reduces child malnutrition
-University of Oxford Babies in a rural area of India are less likely to suffer from acute malnutrition where their families are taking part in a job-guarantee programme to provide work with a guaranteed wage, an Oxford University study has found. However, the Indian government programme appears to have no effect on long-term malnutrition. While wages earned through the scheme helped families avoid starvation when seasonal agricultural jobs were in short supply, many...
More »Odisha, Bihar least developed, Gujarat less developed: Raghuram Rajan panel
-The Economic Times NEW DELHI: A high-level panel has recommended new criteria for measuring the backwardness of states and proposed the devolution of funds to them through an index that identifies Odisha and Bihar as the least developed states and Goa as the most developed one. The committee had been set up by the government amid demands for "special category" status by Bihar and was headed by the then chief economic...
More »First decade of 21st century warmest on record: UN -Kounteya Sinha
-The Times of India LONDON: The first decade of the 21st century has been found to be the warmest ever with the global average surface temperature for that decade at 14.4°C. In the northern hemisphere which includes majority of Asia and all of Europe, the years 1983-2012 has been found to be the warmest 30-year period of the last 1,400 years. The Intergovernmental Panel on Climate Change's (IPCC) latest report has now confirmed...
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